MetLife Investment Management LLC Sells 5,254 Shares of PagSeguro Digital Ltd. $PAGS

MetLife Investment Management LLC lowered its stake in shares of PagSeguro Digital Ltd. (NYSE:PAGS) by 4.5% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 111,746 shares of the company’s stock after selling 5,254 shares during the quarter. MetLife Investment Management LLC’s holdings in PagSeguro Digital were worth $853,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. State of Wyoming grew its holdings in PagSeguro Digital by 32.8% during the 4th quarter. State of Wyoming now owns 6,436 shares of the company’s stock worth $40,000 after acquiring an additional 1,591 shares during the last quarter. Signaturefd LLC grew its holdings in PagSeguro Digital by 50.6% during the 1st quarter. Signaturefd LLC now owns 6,863 shares of the company’s stock worth $52,000 after acquiring an additional 2,306 shares during the last quarter. Teacher Retirement System of Texas grew its holdings in PagSeguro Digital by 14.9% during the 1st quarter. Teacher Retirement System of Texas now owns 24,169 shares of the company’s stock worth $184,000 after acquiring an additional 3,133 shares during the last quarter. PNC Financial Services Group Inc. bought a new stake in PagSeguro Digital during the 1st quarter worth about $26,000. Finally, Intellectus Partners LLC grew its holdings in PagSeguro Digital by 4.8% during the 1st quarter. Intellectus Partners LLC now owns 76,293 shares of the company’s stock worth $582,000 after acquiring an additional 3,500 shares during the last quarter. Institutional investors own 45.88% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the stock. JPMorgan Chase & Co. increased their price objective on shares of PagSeguro Digital from $12.00 to $13.00 and gave the stock a “neutral” rating in a report on Wednesday, July 16th. Wall Street Zen upgraded shares of PagSeguro Digital from a “hold” rating to a “buy” rating in a research report on Friday, August 22nd. Finally, Susquehanna cut their target price on shares of PagSeguro Digital from $16.00 to $14.00 and set a “positive” rating on the stock in a research report on Wednesday, May 14th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $12.17.

PagSeguro Digital Trading Up 3.5%

PagSeguro Digital stock opened at $9.59 on Friday. PagSeguro Digital Ltd. has a 1 year low of $6.11 and a 1 year high of $10.21. The company has a market cap of $3.16 billion, a PE ratio of 7.73, a PEG ratio of 0.63 and a beta of 1.57. The company’s 50-day moving average is $8.66 and its two-hundred day moving average is $8.63.

PagSeguro Digital (NYSE:PAGS) last released its earnings results on Thursday, August 14th. The company reported $0.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.31 by $0.03. PagSeguro Digital had a net margin of 11.04% and a return on equity of 15.52%. The company had revenue of $930.17 million for the quarter, compared to the consensus estimate of $901.10 million. Research analysts forecast that PagSeguro Digital Ltd. will post 1.17 EPS for the current year.

PagSeguro Digital Cuts Dividend

The company also recently declared a — dividend, which will be paid on Monday, November 3rd. Investors of record on Monday, October 6th will be given a $0.12 dividend. This represents a dividend yield of 150.0%. The ex-dividend date is Monday, October 6th. 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.