AGI (NYSE:AGBK) COO Glauber Marques Correa Acquires 2,000 Shares of Stock

AGI Inc (NYSE:AGBK) COO Glauber Marques Correa acquired 2,000 shares of the stock in a transaction dated Monday, June 1st. The stock was bought at an average cost of $7.33 per share, with a total value of $14,660.00. Following the completion of the purchase, the chief operating officer owned 2,000 shares of the company’s stock, valued at approximately $14,660. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

AGI Trading Down 3.9%

Shares of AGI stock opened at $7.02 on Wednesday. The stock has a market capitalization of $1.12 billion and a P/E ratio of 22.64. AGI Inc has a 52 week low of $6.40 and a 52 week high of $12.21. The business has a 50 day moving average of $7.35.

AGI (NYSE:AGBK) last issued its quarterly earnings data on Tuesday, May 5th. The company reported $0.26 EPS for the quarter, topping the consensus estimate of $0.25 by $0.01. The company had revenue of $260.00 million during the quarter, compared to analysts’ expectations of $445.13 million.

Analyst Upgrades and Downgrades

Several analysts have recently commented on AGBK shares. Wall Street Zen raised AGI to a “hold” rating in a research note on Saturday, February 21st. HSBC started coverage on AGI in a research note on Thursday, March 5th. They issued a “buy” rating and a $15.00 price objective for the company. Itau BBA Securities downgraded AGI from an “outperform” rating to a “market perform” rating and set a $9.00 price objective for the company. in a research note on Wednesday, May 6th. Zacks Research raised AGI to a “hold” rating in a report on Tuesday, March 10th. Finally, Weiss Ratings initiated coverage on AGI in a research report on Tuesday, May 12th. They set a “sell (d)” rating for the company. Six investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $15.86.

About AGI

Our mission is to revolutionize financial services for the largest and fastest growing segment of Brazil’s population: individuals who have been underserved by incumbent banks and have not been effectively reached by digital-only banks. We seek to make credit and banking solutions more accessible and affordable for the Brazilian consumers who we believe need it the most, including social security beneficiaries and private and public sector workers. We have designed a unique value proposition for this population, who may be older, have a lower income, be less tech-savvy or have less access to education.