Itau Unibanco Holding S.A. Takes $2.20 Million Position in PagSeguro Digital Ltd. $PAGS

Key Points

• Itau Unibanco Holding S.A. has acquired a new position in PagSeguro Digital Ltd., purchasing 288,041 shares valued at approximately $2.20 million.
• PagSeguro Digital reported earnings per share of $0.34 for the last quarter, surpassing predictions by $0.03 with a revenue of $930.17 million.
• The company recently announced a special dividend of $0.12, reflecting a dividend yield of 150.0%.

Itau Unibanco Holding S.A. purchased a new position in PagSeguro Digital Ltd. (NYSE:PAGS - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 288,041 shares of the company's stock, valued at approximately $2,198,000. Itau Unibanco Holding S.A. owned about 0.09% of PagSeguro Digital as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in PAGS. PNC Financial Services Group Inc. bought a new stake in shares of PagSeguro Digital during the 1st quarter valued at about $26,000. Mirae Asset Global Investments Co. Ltd. boosted its stake in 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 acquiring an additional 4,435 shares in the last quarter. State of Wyoming boosted its stake in 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 acquiring an additional 1,591 shares in the last quarter. Harbor Capital Advisors Inc. boosted its stake in 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 acquiring an additional 4,180 shares in the last quarter. Finally, Signaturefd LLC boosted its stake in 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 acquiring an additional 2,306 shares in the last quarter. Institutional investors own 45.88% of the company's stock.

PagSeguro Digital Stock Up 0.4%

PagSeguro Digital stock traded up $0.03 during trading hours on Tuesday, hitting $8.99. The stock had a trading volume of 1,153,891 shares, compared to its average volume of 5,098,956. The stock has a market capitalization of $2.96 billion, a P/E ratio of 7.25, a price-to-earnings-growth ratio of 0.61 and a beta of 1.56. PagSeguro Digital Ltd. has a 12-month low of $6.11 and a 12-month high of $11.08. The stock's 50-day moving average price is $8.69 and its 200-day moving average price is $8.61.

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

PagSeguro Digital Cuts Dividend

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

Analyst Upgrades and Downgrades

PAGS has been the topic of several research reports. Susquehanna dropped their price objective on shares of PagSeguro Digital from $16.00 to $14.00 and set a "positive" rating on the stock in a research note on Wednesday, May 14th. Wall Street Zen raised shares of PagSeguro Digital from a "hold" rating to a "buy" rating in a research note on Friday, August 22nd. Finally, JPMorgan Chase & Co. boosted their price objective on shares of PagSeguro Digital from $12.00 to $13.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 16th. One 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 given a Sell rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target 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.