Ballentine Partners LLC Purchases 7,795 Shares of Woori Bank $WF

Key Points

• Ballentine Partners LLC increased its stake in Woori Bank by 23.5%, acquiring an additional 7,795 shares and bringing its total holdings to 40,994 shares valued at approximately $2,039,000.
• Institutional interest in Woori Bank is strong, with firms like Goldman Sachs and AQR Capital Management significantly increasing their holdings during the year.
• Woori Bank reported earnings per share of $2.63 for its last quarter, which fell short of analyst estimates, reflecting a challenging earnings environment.

Ballentine Partners LLC grew its position in shares of Woori Bank (NYSE:WF - Free Report) by 23.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 40,994 shares of the bank's stock after buying an additional 7,795 shares during the period. Ballentine Partners LLC's holdings in Woori Bank were worth $2,039,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Aaron Wealth Advisors LLC acquired a new position in Woori Bank in the 2nd quarter valued at $306,000. Goldman Sachs Group Inc. raised its holdings in Woori Bank by 67.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 52,170 shares of the bank's stock valued at $1,741,000 after acquiring an additional 21,016 shares in the last quarter. AQR Capital Management LLC raised its holdings in Woori Bank by 50.7% in the 1st quarter. AQR Capital Management LLC now owns 20,163 shares of the bank's stock valued at $673,000 after acquiring an additional 6,782 shares in the last quarter. Aprio Wealth Management LLC raised its holdings in Woori Bank by 60.5% in the 1st quarter. Aprio Wealth Management LLC now owns 11,602 shares of the bank's stock valued at $387,000 after acquiring an additional 4,375 shares in the last quarter. Finally, Vident Advisory LLC raised its holdings in Woori Bank by 21.5% in the 1st quarter. Vident Advisory LLC now owns 115,365 shares of the bank's stock valued at $3,851,000 after acquiring an additional 20,379 shares in the last quarter. 3.41% of the stock is owned by institutional investors and hedge funds.

Woori Bank Price Performance

Shares of NYSE WF opened at $56.81 on Thursday. The stock has a market capitalization of $14.06 billion, a PE ratio of 7.15, a P/E/G ratio of 1.03 and a beta of 1.11. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.09 and a quick ratio of 1.09. The business has a fifty day moving average price of $54.52 and a two-hundred day moving average price of $45.09. Woori Bank has a fifty-two week low of $29.44 and a fifty-two week high of $57.97.

Woori Bank (NYSE:WF - Get Free Report) last announced its quarterly earnings data on Friday, July 25th. The bank reported $2.63 earnings per share for the quarter, missing the consensus estimate of $3,574.37 by ($3,571.74). The company had revenue of $2 billion during the quarter, compared to analyst estimates of $2,790.97 billion. Woori Bank had a net margin of 11.84% and a return on equity of 8.30%. As a group, equities 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.

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