Woori Bank $WF Shares Sold by Acadian Asset Management LLC

Key Points

• Acadian Asset Management LLC reduced its stake in Woori Bank by 8.8%, holding 127,841 shares worth $4,265,000 after selling 12,259 shares in the first quarter.
• Woori Bank reported earnings of $2.63 EPS, significantly missing analysts' estimates of $3,574.37, with quarterly revenue also falling short at $2 billion compared to expectations of $2.79 billion.
• The bank's share price opened at $55.68, with a market capitalization of $13.78 billion and a 12-month price range between $29.44 and $57.97.

Acadian Asset Management LLC trimmed its holdings in Woori Bank (NYSE:WF - Free Report) by 8.8% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 127,841 shares of the bank's stock after selling 12,259 shares during the period. Acadian Asset Management LLC owned 0.05% of Woori Bank worth $4,265,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in WF. Canopy Partners LLC purchased a new position in Woori Bank in the 1st quarter valued at about $201,000. Optas LLC purchased a new position in Woori Bank in the 1st quarter valued at about $203,000. HighTower Advisors LLC purchased a new position in Woori Bank in the 1st quarter valued at about $207,000. Compound Planning Inc. purchased a new position in Woori Bank in the 1st quarter valued at about $215,000. Finally, Foster Group Inc. purchased a new position in Woori Bank in the 1st quarter valued at about $221,000. 3.41% of the stock is currently owned by hedge funds and other institutional investors.

Woori Bank Price Performance

NYSE:WF opened at $55.68 on Monday. The firm has a market cap of $13.78 billion, a price-to-earnings ratio of 7.01, a price-to-earnings-growth ratio of 1.00 and a beta of 1.11. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.88. The company's 50-day moving average is $54.13 and its two-hundred day moving average is $43.92. Woori Bank has a 12-month low of $29.44 and a 12-month high of $57.97.

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

Woori Bank 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.

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