Insider Buying: AGI (NYSE:AGBK) COO Buys $14,660.00 in Stock

AGI Inc (NYSE:AGBK) COO Glauber Marques Correa purchased 2,000 shares of AGI stock in a transaction that occurred on Monday, June 1st. The shares were bought at an average price of $7.33 per share, for a total transaction of $14,660.00. Following the transaction, the chief operating officer directly owned 2,000 shares of the company’s stock, valued at $14,660. This trade represents a ? increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

AGI Price Performance

Shares of NYSE AGBK opened at $6.80 on Friday. AGI Inc has a 1 year low of $6.40 and a 1 year high of $12.21. The company’s 50-day moving average is $7.24. The stock has a market capitalization of $1.09 billion and a PE ratio of 21.94.

AGI (NYSE:AGBK) last announced its quarterly earnings results on Tuesday, May 5th. The company reported $0.26 earnings per share (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.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on AGBK. Morgan Stanley began coverage on shares of AGI in a report on Monday, March 9th. They issued an “overweight” rating and a $21.00 price objective on the stock. Wall Street Zen upgraded shares of AGI to a “hold” rating in a report on Saturday, February 21st. Itau BBA Securities cut shares of AGI from an “outperform” rating to a “market perform” rating and set a $9.00 price objective on the stock. in a report on Wednesday, May 6th. Citigroup began coverage on shares of AGI in a report on Monday, March 9th. They issued a “buy” rating and a $18.00 price objective on the stock. Finally, HSBC began coverage on shares of AGI in a report on Thursday, March 5th. They issued a “buy” rating and a $15.00 price objective on the stock. Six research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, AGI presently has a consensus rating of “Moderate Buy” and an average price target 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.