Corient Private Wealth LP Purchases 15,381 Shares of Woori Bank $WF

Key Points

• Corient Private Wealth increased its Woori Bank stake by 63.4% in the second quarter, purchasing 15,381 additional shares and bringing its total holdings to 39,631 shares worth approximately $2.28 million.
• Several other institutional investors also raised their positions, although hedge funds and institutions collectively own only 3.41% of Woori Bank’s outstanding stock.
• Woori Bank shares opened at $78.94, near their 52-week high, while the bank’s latest quarterly earnings of $2.66 per share fell short of the $2.79 consensus estimate. Analysts maintain a “Moderate Buy” consensus rating.

Corient Private Wealth LP increased its holdings in Woori Bank (NYSE:WF - Free Report) by 63.4% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 39,631 shares of the bank's stock after purchasing an additional 15,381 shares during the period. Corient Private Wealth LP's holdings in Woori Bank were worth $2,275,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the company. Quantinno Capital Management LP raised its position in Woori Bank by 47.5% in the 1st quarter. Quantinno Capital Management LP now owns 198,920 shares of the bank's stock valued at $13,248,000 after purchasing an additional 64,055 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in Woori Bank by 3.6% in the first quarter. Dimensional Fund Advisors LP now owns 95,636 shares of the bank's stock valued at $6,367,000 after acquiring an additional 3,345 shares during the last quarter. B. Metzler seel. Sohn & Co. AG boosted its stake in Woori Bank by 1.0% in the second quarter. B. Metzler seel. Sohn & Co. AG now owns 92,846 shares of the bank's stock valued at $5,329,000 after acquiring an additional 940 shares during the last quarter. Nykredit A S acquired a new stake in Woori Bank during the 2nd quarter worth $2,684,000. Finally, Ritholtz Wealth Management raised its position in shares of Woori Bank by 6.2% during the 1st quarter. Ritholtz Wealth Management now owns 42,001 shares of the bank's stock valued at $2,797,000 after acquiring an additional 2,449 shares during the last quarter. Institutional investors and hedge funds own 3.41% of the company's stock.

Woori Bank Stock Down 0.7%

Shares of NYSE:WF opened at $78.94 on Wednesday. The company has a 50 day moving average price of $71.23 and a two-hundred day moving average price of $66.96. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.16 and a current ratio of 1.16. The company has a market capitalization of $19.39 billion, a PE ratio of 9.10, a PEG ratio of 0.71 and a beta of 1.02. Woori Bank has a 52 week low of $48.83 and a 52 week high of $84.71.

Woori Bank (NYSE:WF - Get Free Report) last posted its earnings results on Friday, July 24th. The bank reported $2.66 earnings per share for the quarter, missing the consensus estimate of $2.79 by ($0.13). Woori Bank had a return on equity of 8.18% and a net margin of 13.28%.The business had revenue of $1.97 billion for the quarter, compared to the consensus estimate of $1.98 billion. Analysts forecast that Woori Bank will post 9.55 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on WF. Weiss Ratings reissued a "buy (b-)" rating on shares of Woori Bank in a research note on Friday, September 4th. Zacks Research raised Woori Bank from a "strong sell" rating to a "hold" rating in a research note on Tuesday, June 23rd. One equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, Woori Bank has a consensus rating of "Moderate Buy".

Woori Bank Company Profile

Woori Bank is a commercial bank headquartered in Seoul, South Korea, and a principal banking subsidiary of Woori Financial Group. The institution traces its roots to Daehan Cheon-il Bank, established in 1899, and has developed into one of South Korea's major banking organizations.

Woori Bank provides financial services to individual, business and institutional customers. Its offerings include deposit accounts, consumer and commercial lending, mortgages, credit cards, wealth management, foreign-exchange services, investment banking and other financial products.

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