HighTower Advisors LLC Takes Position in Woori Bank $WF

Key Points

• HighTower Advisors LLC has made a new investment of approximately $207,000 in Woori Bank, acquiring 6,199 shares during the first quarter.
• Other institutional investors, including GAMMA Investing LLC and Cerity Partners LLC, have also increased their stakes in Woori Bank significantly, driving its ownership by hedge funds and institutional investors to 3.41%.
• Woori Bank reported earnings of $2.63 per share, falling short of analysts' expectations and revenues of $2 billion, underperforming in comparison to predicted figures.

HighTower Advisors LLC purchased a new stake in Woori Bank (NYSE:WF - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 6,199 shares of the bank's stock, valued at approximately $207,000.

Several other hedge funds and other institutional investors have also made changes to their positions in WF. GAMMA Investing LLC lifted its holdings in shares of Woori Bank by 3,000.5% in the first quarter. GAMMA Investing LLC now owns 81,481 shares of the bank's stock valued at $2,720,000 after purchasing an additional 78,853 shares in the last quarter. Cerity Partners LLC boosted its stake in shares of Woori Bank by 68.0% during the 1st quarter. Cerity Partners LLC now owns 68,203 shares of the bank's stock worth $2,277,000 after purchasing an additional 27,616 shares during the last quarter. First Trust Advisors LP purchased a new position in shares of Woori Bank during the 4th quarter worth $779,000. Bank of America Corp DE lifted its position in Woori Bank by 19.6% during the fourth quarter. Bank of America Corp DE now owns 140,654 shares of the bank's stock worth $4,395,000 after buying an additional 23,015 shares during the period. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of Woori Bank by 45.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 70,121 shares of the bank's stock worth $2,191,000 after acquiring an additional 21,908 shares during the period. Institutional investors and hedge funds own 3.41% of the company's stock.

Woori Bank Trading Up 4.7%

Shares of WF traded up $2.52 during mid-day trading on Wednesday, hitting $56.37. The company had a trading volume of 39,657 shares, compared to its average volume of 42,869. Woori Bank has a 1-year low of $29.44 and a 1-year high of $57.97. The business's 50-day simple moving average is $53.93 and its 200-day simple moving average is $43.54. The stock has a market cap of $13.95 billion, a PE ratio of 7.10, a P/E/G ratio of 0.97 and a beta of 1.11. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.88.

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

Woori Bank Company 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.