Wealth High Governance Capital Ltda Sells 253,007 Shares of AGI Inc $AGBK

Key Points

• Wealth High Governance Capital Ltda cut its AGI position by 90.2%, selling 253,007 shares in the second quarter and retaining 27,634 shares valued at approximately $196,000.
• AGI shares opened at $6.08, near their 52-week low of $5.91, with a market capitalization of about $972 million and a price-to-earnings ratio of 10.31.
• Analyst views are mixed: AGI has an overall “Hold” rating and an average price target of $14.14, while recent targets range from $9.00 to $14.00 and include both upgrades and downgrades.

Wealth High Governance Capital Ltda reduced its position in shares of AGI Inc (NYSE:AGBK - Free Report) by 90.2% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 27,634 shares of the company's stock after selling 253,007 shares during the period. Wealth High Governance Capital Ltda's holdings in AGI were worth $196,000 at the end of the most recent quarter.

AGI Stock Performance

AGI stock opened at $6.08 on Monday. AGI Inc has a fifty-two week low of $5.91 and a fifty-two week high of $12.21. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.51 and a current ratio of 1.51. The stock has a market cap of $972.37 million and a PE ratio of 10.31. The firm's fifty day moving average is $6.81.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on AGBK shares. The Goldman Sachs Group set a $13.00 price objective on AGI in a research note on Thursday, August 6th. Itau BBA Securities cut AGI from an "outperform" rating to a "market perform" rating and set a $9.00 price target on the stock. in a report on Wednesday, May 6th. Zacks Research downgraded AGI from a "hold" rating to a "strong sell" rating in a research report on Thursday, July 16th. Susquehanna set a $14.00 price objective on AGI in a report on Friday, May 8th. Finally, Oppenheimer decreased their price objective on shares of AGI from $10.00 to $9.00 and set an "outperform" rating on the stock in a research report on Friday, August 7th. Six research analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have assigned a Sell rating to the company's stock. According to MarketBeat.com, AGI presently has an average rating of "Hold" and an average target price of $14.14.

AGI 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.

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