Drive Wealth Management LLC Invests $239,000 in Woori Bank $WF

Key Points

• Drive Wealth Management LLC invested approximately $239,000 in Woori Bank by acquiring 4,811 shares in the second quarter, showcasing growing interest from institutional investors.
• Several hedge funds have increased holdings in Woori Bank, including Advisors Preferred LLC, which raised its stake by an impressive 1,425.0% in the first quarter.
• Despite a recent earnings miss with an EPS of $2.63, Woori Bank maintains a consensus "Buy" rating from analysts, indicating positive outlook among market experts.

Drive Wealth Management LLC acquired a new stake in Woori Bank (NYSE:WF - Free Report) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 4,811 shares of the bank's stock, valued at approximately $239,000.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Sequoia Financial Advisors LLC boosted its holdings 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 buying an additional 342 shares during the last quarter. PDS Planning Inc boosted its stake in Woori Bank by 11.8% during the 1st quarter. PDS Planning Inc now owns 13,260 shares of the bank's stock worth $443,000 after acquiring an additional 1,403 shares during the last quarter. Cerity Partners LLC grew its holdings in Woori Bank by 68.0% during the first quarter. Cerity Partners LLC now owns 68,203 shares of the bank's stock valued at $2,277,000 after purchasing an additional 27,616 shares during the period. Ballentine Partners LLC increased its stake in Woori Bank by 14.1% in the first quarter. Ballentine Partners LLC now owns 33,199 shares of the bank's stock valued at $1,108,000 after purchasing an additional 4,091 shares in the last quarter. Finally, Advisors Preferred LLC increased its stake in Woori Bank by 1,425.0% in the first quarter. Advisors Preferred LLC now owns 15,723 shares of the bank's stock valued at $533,000 after purchasing an additional 14,692 shares in the last quarter. Institutional investors and hedge funds own 3.41% of the company's stock.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a "buy (b)" rating on shares of Woori Bank in a report on Wednesday, October 8th. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the company presently has a consensus rating of "Buy".

Woori Bank Price Performance

WF stock opened at $54.77 on Tuesday. The stock has a 50-day moving average price of $55.05 and a two-hundred day moving average price of $47.99. The stock has a market cap of $13.56 billion, a PE ratio of 6.90, a price-to-earnings-growth ratio of 0.97 and a beta of 1.14. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.88. Woori Bank has a 1 year low of $29.44 and a 1 year high of $57.97.

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

Woori Bank Profile

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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