First Trust Advisors LP Boosts Holdings in Woori Bank $WF

First Trust Advisors LP grew its stake in Woori Bank (NYSE:WFFree Report) by 88.2% during the 1st quarter, Holdings Channel reports. The firm owned 32,905 shares of the bank’s stock after purchasing an additional 15,417 shares during the quarter. First Trust Advisors LP’s holdings in Woori Bank were worth $2,191,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of WF. Assetmark Inc. boosted its holdings in Woori Bank by 89.0% in the 4th quarter. Assetmark Inc. now owns 67,850 shares of the bank’s stock worth $3,989,000 after buying an additional 31,952 shares during the last quarter. Barometer Capital Management Inc. purchased a new stake in Woori Bank during the 1st quarter worth approximately $1,172,000. B. Metzler seel. Sohn & Co. AG increased its stake in Woori Bank by 100.1% during the 4th quarter. B. Metzler seel. Sohn & Co. AG now owns 89,881 shares of the bank’s stock worth $5,284,000 after buying an additional 44,974 shares in the last quarter. Ethic Inc. raised its holdings in shares of Woori Bank by 9.1% during the fourth quarter. Ethic Inc. now owns 124,767 shares of the bank’s stock valued at $7,335,000 after acquiring an additional 10,457 shares during the last quarter. Finally, Sequoia Financial Advisors LLC raised its holdings in shares of Woori Bank by 8.4% during the fourth quarter. Sequoia Financial Advisors LLC now owns 36,037 shares of the bank’s stock valued at $2,119,000 after acquiring an additional 2,791 shares during the last quarter. Hedge funds and other institutional investors own 3.41% of the company’s stock.

Woori Bank Stock Performance

NYSE:WF opened at $72.79 on Friday. The company has a market cap of $17.67 billion, a P/E ratio of 8.39, a P/E/G ratio of 0.67 and a beta of 1.01. Woori Bank has a twelve month low of $48.83 and a twelve month high of $84.71. The company’s 50-day moving average price is $62.75 and its 200-day moving average price is $66.35. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.87.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on WF. Zacks Research raised Woori Bank from a “strong sell” rating to a “hold” rating in a research note on Tuesday, June 23rd. Weiss Ratings downgraded Woori Bank from a “buy (b)” rating to a “buy (b-)” rating in a research note on Monday, June 8th. One research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy”.

Check Out Our Latest Research Report on WF

Woori Bank Company Profile

(Free Report)

Woori Bank Co, Ltd. (NYSE: WF) is a South Korean commercial bank and the principal banking unit of Woori Financial Group. Established in 2001 through the merger of Hanvit Bank and Peace Bank, the institution traces its roots to earlier banking entities that date back to the late 19th and mid-20th centuries. Headquartered in Seoul, Woori Bank operates under a universal banking model, serving both individual customers and corporate clients with a comprehensive suite of financial products and services.

The bank’s core operations encompass retail banking, corporate and investment banking, treasury services, and wealth management.

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Institutional Ownership by Quarter for Woori Bank (NYSE:WF)

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