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

AGI Inc (NYSE:AGBK) COO Glauber Marques Correa acquired 2,000 shares of the business’s stock in a transaction dated Monday, June 1st. The stock was purchased at an average price of $7.33 per share, with a total value of $14,660.00. Following the acquisition, the chief operating officer owned 2,000 shares of the company’s stock, valued at approximately $14,660. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

AGI Stock Performance

Shares of AGI stock traded down $0.31 during trading on Tuesday, hitting $7.02. The stock had a trading volume of 244,253 shares, compared to its average volume of 607,823. AGI Inc has a fifty-two week low of $6.40 and a fifty-two week high of $12.21. The stock has a market capitalization of $1.12 billion and a price-to-earnings ratio of 23.54. The firm’s fifty day simple moving average is $7.35.

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

Analyst Ratings Changes

Several equities research analysts have recently commented on AGBK shares. The Goldman Sachs Group started coverage on AGI in a report on Monday, March 9th. They set a “buy” rating and a $19.00 target price for the company. Morgan Stanley started coverage on AGI in a report on Monday, March 9th. They set an “overweight” rating and a $21.00 target price for the company. Wall Street Zen raised AGI to a “hold” rating in a report on Saturday, February 21st. Zacks Research raised AGI to a “hold” rating in a report on Tuesday, March 10th. Finally, Weiss Ratings assumed coverage on AGI in a 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’s stock. Based on data from MarketBeat, AGI currently has a consensus rating of “Moderate Buy” and an average target price of $15.86.

AGI Company Profile

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.