Aaron Wealth Advisors LLC Purchases New Stake in Woori Bank $WF

Key Points

• Aaron Wealth Advisors LLC has invested $306,000 in Woori Bank, acquiring 6,148 shares of the bank's stock during the second quarter.
• Other institutional investors have also increased their holdings in Woori Bank, with GAMMA Investing LLC raising its position by 3,000.5%, now owning 81,481 shares worth approximately $2.72 million.
• Woori Bank reported an earnings per share (EPS) of $2.63 for the last quarter, significantly missing the consensus estimate of $3,574.37.

Aaron Wealth Advisors LLC bought a new stake in Woori Bank (NYSE:WF - Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 6,148 shares of the bank's stock, valued at approximately $306,000.

Several other institutional investors have also modified their holdings of the stock. Sequoia Financial Advisors LLC boosted its position in Woori Bank by 1.4% during the first quarter. Sequoia Financial Advisors LLC now owns 25,030 shares of the bank's stock worth $836,000 after acquiring an additional 342 shares during the last quarter. Northern Trust Corp raised its stake in shares of Woori Bank by 4.7% in the 4th quarter. Northern Trust Corp now owns 26,247 shares of the bank's stock valued at $820,000 after acquiring an additional 1,182 shares during the period. PDS Planning Inc grew its holdings in shares of Woori Bank by 11.8% in the first quarter. PDS Planning Inc now owns 13,260 shares of the bank's stock valued at $443,000 after purchasing an additional 1,403 shares in the last quarter. Public Employees Retirement System of Ohio grew its holdings in shares of Woori Bank by 4.9% in the fourth quarter. Public Employees Retirement System of Ohio now owns 35,551 shares of the bank's stock valued at $1,111,000 after purchasing an additional 1,657 shares in the last quarter. Finally, Millennium Management LLC increased its position in shares of Woori Bank by 5.3% in the 4th quarter. Millennium Management LLC now owns 57,597 shares of the bank's stock valued at $1,800,000 after purchasing an additional 2,917 shares during the last quarter. Institutional investors and hedge funds own 3.41% of the company's stock.

Woori Bank Stock Up 1.2%

Shares of NYSE:WF traded up $0.71 during trading hours on Friday, reaching $57.49. The stock had a trading volume of 30,737 shares, compared to its average volume of 47,713. Woori Bank has a 1 year low of $29.44 and a 1 year high of $57.97. The firm's 50 day moving average is $54.47 and its 200-day moving average is $44.59. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.09 and a current ratio of 1.09. The stock has a market capitalization of $14.23 billion, a price-to-earnings ratio of 7.24, a P/E/G ratio of 1.02 and a beta of 1.11.

Woori Bank (NYSE:WF - Get Free Report) last issued its earnings results on Friday, July 25th. The bank reported $2.63 earnings per share (EPS) for the quarter, missing the consensus estimate of $3,574.37 by ($3,571.74). Woori Bank had a net margin of 11.84% and a return on equity of 8.30%. The company had revenue of $2 billion during the quarter, compared to analyst estimates of $2,790.97 billion. Research analysts predict that Woori Bank will post 8.24 earnings per share for the current fiscal year.

About Woori Bank

Woori Financial Group Inc, a financial holding company, operates as a commercial bank that provides a range of financial products and services to individuals, corporations, and small- and medium-sized enterprises in Korea. It operates through Banking, Credit Card, Capital, Investment Banking, and Others segments.