Northern Trust Corp Increases Stock Position in PagSeguro Digital Ltd. (NYSE:PAGS)

Northern Trust Corp boosted its holdings in PagSeguro Digital Ltd. (NYSE:PAGS - Free Report) by 20.6% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 1,747,094 shares of the company's stock after buying an additional 298,377 shares during the period. Northern Trust Corp owned 0.53% of PagSeguro Digital worth $10,937,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in PAGS. Robeco Institutional Asset Management B.V. grew its holdings in shares of PagSeguro Digital by 16.0% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 6,353,087 shares of the company's stock valued at $39,770,000 after purchasing an additional 874,777 shares in the last quarter. Principal Financial Group Inc. lifted its position in PagSeguro Digital by 11.7% during the fourth quarter. Principal Financial Group Inc. now owns 451,110 shares of the company's stock valued at $2,824,000 after purchasing an additional 47,172 shares during the last quarter. Exchange Traded Concepts LLC grew its stake in shares of PagSeguro Digital by 112.0% in the 4th quarter. Exchange Traded Concepts LLC now owns 81,371 shares of the company's stock worth $509,000 after buying an additional 42,990 shares in the last quarter. Barclays PLC increased its holdings in shares of PagSeguro Digital by 240.0% in the 3rd quarter. Barclays PLC now owns 270,215 shares of the company's stock worth $2,327,000 after buying an additional 190,740 shares during the last quarter. Finally, Sanctuary Advisors LLC increased its holdings in shares of PagSeguro Digital by 28.5% in the 4th quarter. Sanctuary Advisors LLC now owns 25,422 shares of the company's stock worth $159,000 after buying an additional 5,636 shares during the last quarter. Institutional investors own 45.88% of the company's stock.

PagSeguro Digital Stock Down 3.6%

PAGS stock traded down $0.33 during trading on Wednesday, hitting $8.69. The company had a trading volume of 2,316,374 shares, compared to its average volume of 4,905,606. PagSeguro Digital Ltd. has a 52-week low of $6.11 and a 52-week high of $14.82. The company has a 50 day simple moving average of $8.76 and a 200-day simple moving average of $7.79. The firm has a market capitalization of $2.86 billion, a P/E ratio of 7.19, a PEG ratio of 0.51 and a beta of 1.70.

PagSeguro Digital (NYSE:PAGS - Get Free Report) last issued its earnings results on Wednesday, May 14th. The company reported $0.31 EPS for the quarter, topping analysts' consensus estimates of $0.29 by $0.02. The business had revenue of $857.50 million for the quarter, compared to analyst estimates of $914.45 million. PagSeguro Digital had a net margin of 11.12% and a return on equity of 15.49%. Sell-side analysts forecast that PagSeguro Digital Ltd. will post 1.17 earnings per share for the current year.

PagSeguro Digital Announces Dividend

The company also recently announced a -- dividend, which will be paid on Friday, June 6th. Shareholders of record on Friday, May 23rd will be given a dividend of $0.14 per share. The ex-dividend date is Friday, May 23rd. PagSeguro Digital's dividend payout ratio (DPR) is presently 11.48%.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on PAGS shares. Citigroup raised PagSeguro Digital from a "neutral" rating to a "buy" rating and boosted their price objective for the stock from $7.00 to $10.00 in a research note on Tuesday, April 22nd. Susquehanna dropped their target price on PagSeguro Digital from $16.00 to $14.00 and set a "positive" rating for the company in a report on Wednesday, May 14th. Finally, Barclays cut their target price on PagSeguro Digital from $13.00 to $12.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 23rd. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, five have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, PagSeguro Digital currently has an average rating of "Moderate Buy" and an average price target of $11.63.

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.