Quantinno Capital Management LP Purchases 64,055 Shares of Woori Bank $WF

Key Points

• Quantinno Capital Management increased its Woori Bank stake by 47.5% in the first quarter, buying 64,055 shares to hold 198,920 shares valued at approximately $13.25 million.
• Several institutional investors also raised their positions, including AQR Capital, Goldman Sachs, JPMorgan Chase and Russell Investments; institutions collectively own 3.41% of Woori Bank.
• Analyst sentiment is mixed but leans positive, with one Buy and one Hold rating producing a “Moderate Buy” consensus. Woori Bank shares opened at $69.36, with a market capitalization of about $16.83 billion and a P/E ratio of 7.99.

Quantinno Capital Management LP boosted its position in Woori Bank (NYSE:WF - Free Report) by 47.5% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 198,920 shares of the bank's stock after buying an additional 64,055 shares during the quarter. Quantinno Capital Management LP owned approximately 0.08% of Woori Bank worth $13,248,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. AQR Capital Management LLC boosted its holdings in Woori Bank by 50.7% during the first quarter. AQR Capital Management LLC now owns 20,163 shares of the bank's stock worth $673,000 after purchasing an additional 6,782 shares during the last quarter. Goldman Sachs Group Inc. increased its stake in Woori Bank by 67.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 52,170 shares of the bank's stock valued at $1,741,000 after buying an additional 21,016 shares during the last quarter. Geode Capital Management LLC bought a new stake in Woori Bank during the 2nd quarter worth about $240,000. JPMorgan Chase & Co. boosted its stake in shares of Woori Bank by 40.1% during the 2nd quarter. JPMorgan Chase & Co. now owns 80,430 shares of the bank's stock worth $4,000,000 after buying an additional 23,020 shares during the last quarter. Finally, Russell Investments Group Ltd. boosted its stake in shares of Woori Bank by 133.3% during the 2nd quarter. Russell Investments Group Ltd. now owns 8,744 shares of the bank's stock worth $435,000 after buying an additional 4,996 shares during the last quarter. Institutional investors own 3.41% of the company's stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. Weiss Ratings cut Woori Bank from a "buy (b)" rating to a "buy (b-)" rating in a report on Monday, June 8th. Zacks Research raised Woori Bank from a "strong sell" rating to a "hold" rating in a research report on Tuesday, June 23rd. One equities research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy".

Woori Bank Stock Performance

Shares of WF opened at $69.36 on Tuesday. The firm has a 50-day moving average of $62.03 and a 200-day moving average of $66.04. Woori Bank has a one year low of $48.83 and a one year high of $84.71. The company has a market cap of $16.83 billion, a PE ratio of 7.99, a price-to-earnings-growth ratio of 0.65 and a beta of 1.01. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.14 and a quick ratio of 1.14.

Woori Bank Company Profile

Woori Bank Co, Ltd. NYSE: WF is a South Korean commercial bank and the principal banking unit of Woori Financial Group. Established in 2001 through the merger of Hanvit Bank and Peace Bank, the institution traces its roots to earlier banking entities that date back to the late 19th and mid-20th centuries. Headquartered in Seoul, Woori Bank operates under a universal banking model, serving both individual customers and corporate clients with a comprehensive suite of financial products and services.

The bank's core operations encompass retail banking, corporate and investment banking, treasury services, and wealth management.

Want to see what other hedge funds are holding WF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Woori Bank (NYSE:WF - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source