6,199 Shares in Woori Bank $WF Bought by HighTower Advisors LLC

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 acquired a new stake in Woori Bank (NYSE:WF - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 6,199 shares of the bank's stock, valued at approximately $207,000.

Several other large investors have also bought and sold shares of the business. Canopy Partners LLC acquired a new stake in Woori Bank in the first quarter worth $201,000. Optas LLC acquired a new stake in Woori Bank in the first quarter worth $203,000. Foster Group Inc. acquired a new stake in Woori Bank in the first quarter worth $221,000. Abacus Wealth Partners LLC acquired a new stake in Woori Bank in the first quarter worth $249,000. Finally, XTX Topco Ltd acquired a new stake in Woori Bank in the first quarter worth $298,000. 3.41% of the stock is currently owned by institutional investors and hedge funds.

Woori Bank Trading Down 0.8%

WF traded down $0.40 during mid-day trading on Friday, hitting $52.83. The stock had a trading volume of 59,357 shares, compared to its average volume of 40,024. The stock's fifty day simple moving average is $53.66 and its 200-day simple moving average is $43.20. 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 firm has a market capitalization of $13.08 billion, a price-to-earnings ratio of 6.65, a price-to-earnings-growth ratio of 0.95 and a beta of 1.11. 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 posted its earnings results 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 firm had revenue of $2 billion during the quarter, compared to analyst estimates of $2,790.97 billion. Woori Bank had a return on equity of 8.30% and a net margin of 11.84%. As a group, research analysts forecast that Woori Bank will post 8.24 EPS for the current fiscal 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.