Exchange Traded Concepts LLC Buys 132,730 Shares of PagSeguro Digital Ltd. $PAGS

Key Points

• Exchange Traded Concepts LLC significantly increased its stake in PagSeguro Digital Ltd. by 132,730 shares, representing a 369.6% growth, bringing its total holdings to 168,646 shares valued at approximately $1.63 million.
• PagSeguro Digital received favorable upgrades from Wall Street analysts, with ratings moving from "buy" to "strong-buy", and target price increases from $10.00 to $13.00 by Bank of America.
• The company recently announced a $0.12 per share dividend with a yield of 150.0%, which will be paid on November 3rd, despite previously cutting its dividend.

Exchange Traded Concepts LLC grew its stake in PagSeguro Digital Ltd. (NYSE:PAGS - Free Report) by 369.6% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 168,646 shares of the company's stock after acquiring an additional 132,730 shares during the quarter. Exchange Traded Concepts LLC owned 0.05% of PagSeguro Digital worth $1,626,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of PAGS. PNC Financial Services Group Inc. bought a new stake in shares of PagSeguro Digital in the 1st quarter valued at about $26,000. Mirae Asset Global Investments Co. Ltd. increased its stake in shares of PagSeguro Digital by 626.4% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 5,143 shares of the company's stock valued at $39,000 after acquiring an additional 4,435 shares during the last quarter. State of Wyoming increased its stake in shares of PagSeguro Digital by 32.8% in the 4th quarter. State of Wyoming now owns 6,436 shares of the company's stock valued at $40,000 after acquiring an additional 1,591 shares during the last quarter. Harbor Capital Advisors Inc. increased its stake in shares of PagSeguro Digital by 166.9% in the 1st quarter. Harbor Capital Advisors Inc. now owns 6,685 shares of the company's stock valued at $51,000 after acquiring an additional 4,180 shares during the last quarter. Finally, Signaturefd LLC increased its stake in shares of PagSeguro Digital by 50.6% in the 1st quarter. Signaturefd LLC now owns 6,863 shares of the company's stock valued at $52,000 after acquiring an additional 2,306 shares during the last quarter. 45.88% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. Wall Street Zen raised PagSeguro Digital from a "buy" rating to a "strong-buy" rating in a research note on Saturday, September 13th. Bank of America raised PagSeguro Digital from a "neutral" rating to a "buy" rating and increased their target price for the stock from $10.00 to $13.00 in a research note on Friday. Finally, JPMorgan Chase & Co. increased 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, five have assigned a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $12.29.

PagSeguro Digital Trading Down 0.8%

NYSE PAGS opened at $10.56 on Monday. The stock has a 50 day moving average of $8.80 and a 200-day moving average of $8.80. PagSeguro Digital Ltd. has a 12 month low of $6.11 and a 12 month high of $11.16. The company has a market cap of $3.48 billion, a PE ratio of 8.52, a PEG ratio of 0.69 and a beta of 1.56.

PagSeguro Digital (NYSE:PAGS - Get Free Report) last announced its quarterly earnings results on Thursday, August 14th. The company reported $0.34 earnings per share (EPS) 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 business had revenue of $930.17 million during the quarter, compared to the consensus estimate of $901.10 million. As a group, sell-side analysts predict that PagSeguro Digital Ltd. will post 1.17 EPS for the current fiscal year.

PagSeguro Digital Cuts Dividend

The firm also recently declared a -- dividend, which will be paid on Monday, November 3rd. Shareholders of record on Monday, October 6th will be issued a dividend of $0.12 per share. The ex-dividend date of this dividend is Monday, October 6th. This represents a yield of 150.0%. PagSeguro Digital's dividend payout ratio (DPR) is currently 11.29%.

About PagSeguro Digital

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.

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