Meritage Portfolio Management Sells 60,644 Shares of Woori Bank (NYSE:WF)

Meritage Portfolio Management reduced its position in shares of Woori Bank (NYSE:WF - Free Report) by 38.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 98,374 shares of the bank's stock after selling 60,644 shares during the period. Meritage Portfolio Management's holdings in Woori Bank were worth $3,284,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Bank of America Corp DE raised 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 valued at $4,395,000 after purchasing an additional 23,015 shares in the last quarter. Point72 Asset Management L.P. raised its position in Woori Bank by 148.1% during the fourth quarter. Point72 Asset Management L.P. now owns 13,400 shares of the bank's stock valued at $419,000 after purchasing an additional 8,000 shares in the last quarter. GAMMA Investing LLC raised its position in Woori Bank by 3,000.5% during 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. JPMorgan Chase & Co. raised its position in Woori Bank by 1,830.4% during the fourth quarter. JPMorgan Chase & Co. now owns 43,724 shares of the bank's stock valued at $1,366,000 after purchasing an additional 41,459 shares in the last quarter. Finally, Jane Street Group LLC raised its position in Woori Bank by 288.9% during the fourth quarter. Jane Street Group LLC now owns 24,648 shares of the bank's stock valued at $770,000 after purchasing an additional 18,310 shares in the last quarter. 3.41% of the stock is currently owned by institutional investors and hedge funds.

Woori Bank Price Performance

WF traded down $0.08 during trading on Monday, hitting $50.60. 41,855 shares of the stock traded hands, compared to its average volume of 65,724. Woori Bank has a twelve month low of $29.44 and a twelve month high of $51.27. The company has a market cap of $12.53 billion, a price-to-earnings ratio of 6.45, a PEG ratio of 0.95 and a beta of 1.04. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.08 and a quick ratio of 1.08. The business has a 50 day moving average price of $42.81 and a 200 day moving average price of $36.66.

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.