Charles Schwab Investment Management Inc. Sells 200,166 Shares of PagSeguro Digital Ltd. $PAGS

Key Points

• Charles Schwab Investment Management Inc. reduced its stake in PagSeguro Digital Ltd. by 24.0%, selling 200,166 shares, and now owns approximately 0.19% of the company valued at $4.85 million.
• PagSeguro Digital reported earnings of $0.34 EPS, exceeding estimates, with quarterly revenue reaching $930.17 million.
• The company announced a special dividend of $0.12 per share, yielding 150%, while maintaining a dividend payout ratio of 11.29%.

Charles Schwab Investment Management Inc. decreased its holdings in shares of PagSeguro Digital Ltd. (NYSE:PAGS - Free Report) by 24.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 635,234 shares of the company's stock after selling 200,166 shares during the quarter. Charles Schwab Investment Management Inc. owned 0.19% of PagSeguro Digital worth $4,847,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. PNC Financial Services Group Inc. purchased a new position in shares of PagSeguro Digital during the first quarter worth about $26,000. Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of PagSeguro Digital by 626.4% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 5,143 shares of the company's stock worth $39,000 after purchasing an additional 4,435 shares in the last quarter. State of Wyoming grew its holdings in shares of PagSeguro Digital by 32.8% during the fourth quarter. State of Wyoming now owns 6,436 shares of the company's stock worth $40,000 after purchasing an additional 1,591 shares in the last quarter. Harbor Capital Advisors Inc. grew its holdings in shares of PagSeguro Digital by 166.9% during the first quarter. Harbor Capital Advisors Inc. now owns 6,685 shares of the company's stock worth $51,000 after purchasing an additional 4,180 shares in the last quarter. Finally, Signaturefd LLC grew its holdings in shares of PagSeguro Digital by 50.6% during the first quarter. Signaturefd LLC now owns 6,863 shares of the company's stock worth $52,000 after purchasing an additional 2,306 shares in the last quarter. Hedge funds and other institutional investors own 45.88% of the company's stock.

PagSeguro Digital Stock Performance

PAGS traded up $0.07 during midday trading on Wednesday, hitting $9.09. The stock had a trading volume of 3,230,385 shares, compared to its average volume of 4,624,870. PagSeguro Digital Ltd. has a 1 year low of $6.11 and a 1 year high of $11.04. The business has a fifty day moving average of $8.66 and a 200 day moving average of $8.61. The company has a market cap of $2.99 billion, a P/E ratio of 7.33, a price-to-earnings-growth ratio of 0.61 and a beta of 1.57.

PagSeguro Digital (NYSE:PAGS - Get Free Report) last announced its quarterly earnings data on Thursday, August 14th. The company reported $0.34 earnings per share for the quarter, beating the consensus estimate of $0.31 by $0.03. PagSeguro Digital had a return on equity of 15.52% and a net margin of 11.04%.The firm had revenue of $930.17 million during the quarter, compared to the consensus estimate of $901.10 million. On average, equities research analysts anticipate that PagSeguro Digital Ltd. will post 1.17 earnings per share for the current year.

PagSeguro Digital Cuts Dividend

The business also recently disclosed a special dividend, which was paid on Friday, August 15th. Shareholders of record on Wednesday, July 16th were given a $0.12 dividend. The ex-dividend date was Wednesday, July 16th. This represents a yield of 150.0%. PagSeguro Digital's payout ratio is presently 11.29%.

Wall Street Analysts Forecast Growth

PAGS has been the subject of several recent analyst reports. Susquehanna cut their price objective on PagSeguro Digital from $16.00 to $14.00 and set a "positive" rating for the company in a report on Wednesday, May 14th. Wall Street Zen raised PagSeguro Digital from a "hold" rating to a "buy" rating in a report on Friday, August 22nd. Finally, JPMorgan Chase & Co. upped their target price on PagSeguro Digital from $12.00 to $13.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 16th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $11.36.

PagSeguro Digital Profile

PagSeguro Digital Ltd., together with its subsidiaries, provides financial technology solutions and services for consumers, individual entrepreneurs, micro-merchants, and small and medium-sized companies in Brazil and internationally. The company's products and services include PagSeguro Ecosystem, a digital ecosystem that operates as a closed loop where its clients are able to address their primary day to day financial needs, including receiving and spending funds, and managing and growing their businesses; PagBank digital account, which offers payment and banking services through the PagBank mobile app, as well as centralizes various cash-in options, functionalities, services, and cash-out options in a single ecosystem; and PlugPag, a tool for medium-sized and larger merchants that enables them to connect their point of sale (POS) device directly to their enterprise resource planning software or sales automation system through Bluetooth.