Wealth High Governance Capital Ltda Decreases Holdings in AGI Inc $AGBK

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

AGI Price Performance

Shares of AGI stock opened at $6.08 on Monday. The company has a quick ratio of 1.51, a current ratio of 1.51 and a debt-to-equity ratio of 0.31. AGI Inc has a one year low of $5.91 and a one year high of $12.21. The stock has a 50 day moving average of $6.81. The stock has a market cap of $972.37 million and a PE ratio of 10.31.

Wall Street Analyst Weigh In

AGBK has been the topic of several research reports. Weiss Ratings reissued a “sell (d)” rating on shares of AGI in a research note on Friday, August 7th. The Goldman Sachs Group set a $13.00 target price on shares of AGI in a report on Thursday, August 6th. Susquehanna set a $14.00 target price on shares of AGI in a research report on Friday, May 8th. Oppenheimer lowered their price target on shares of AGI from $10.00 to $9.00 and set an “outperform” rating for the company in a research note on Friday, August 7th. Finally, Itau BBA Securities lowered shares of AGI from an “outperform” rating to a “market perform” rating and set a $9.00 price target for the company. in a research report on Wednesday, May 6th. Six analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target 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.