Sei Investments Co. Reduces Stock Position in Woori Bank $WF

Key Points

• Sei Investments Co. cut its Woori Bank stake by 91.2% in the first quarter, selling 52,656 shares and retaining 5,112 shares valued at approximately $341,000.
• Other institutional investors increased or initiated positions, but institutional ownership remains modest at 3.41% of Woori Bank’s outstanding stock.
• Analyst sentiment is generally positive, with Woori Bank carrying a “Moderate Buy” consensus rating. Shares opened at $71.19, versus a 52-week range of $48.83 to $84.71, and trade at a price-to-earnings ratio of 8.20.

Sei Investments Co. trimmed its stake in shares of Woori Bank (NYSE:WF - Free Report) by 91.2% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,112 shares of the bank's stock after selling 52,656 shares during the period. Sei Investments Co.'s holdings in Woori Bank were worth $341,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. V Square Quantitative Management LLC purchased a new position in Woori Bank in the 1st quarter valued at approximately $26,000. Bessemer Group Inc. boosted its position in Woori Bank by 68.1% during the first quarter. Bessemer Group Inc. now owns 437 shares of the bank's stock worth $29,000 after purchasing an additional 177 shares in the last quarter. Kestra Advisory Services LLC purchased a new stake in Woori Bank during the fourth quarter worth $43,000. Bell Investment Advisors Inc grew its holdings in Woori Bank by 34.2% in the first quarter. Bell Investment Advisors Inc now owns 675 shares of the bank's stock valued at $45,000 after purchasing an additional 172 shares during the last quarter. Finally, Smartleaf Asset Management LLC grew its holdings in Woori Bank by 551.7% in the second quarter. Smartleaf Asset Management LLC now owns 984 shares of the bank's stock valued at $48,000 after purchasing an additional 833 shares during the last quarter. Hedge funds and other institutional investors own 3.41% of the company's stock.

Analyst Ratings Changes

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

Woori Bank Price Performance

Shares of NYSE:WF opened at $71.19 on Monday. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.14 and a current ratio of 1.14. The business's fifty day moving average price is $63.74 and its two-hundred day moving average price is $66.77. The stock has a market cap of $17.28 billion, a PE ratio of 8.20, a price-to-earnings-growth ratio of 0.68 and a beta of 1.01. Woori Bank has a one year low of $48.83 and a one year high of $84.71.

Woori Bank 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.

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