Acadian Asset Management LLC Sells 12,259 Shares of Woori Bank $WF

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

Other hedge funds have also recently added to or reduced their stakes in the company. Canopy Partners LLC acquired a new position in Woori Bank in the first quarter valued at about $201,000. Optas LLC acquired a new position in Woori Bank in the first quarter valued at about $203,000. HighTower Advisors LLC acquired a new position in Woori Bank in the first quarter valued at about $207,000. Compound Planning Inc. acquired a new position in Woori Bank in the first quarter valued at about $215,000. Finally, Foster Group Inc. acquired a new position in Woori Bank in the first quarter valued at about $221,000. Institutional investors and hedge funds own 3.41% of the company's stock.

Woori Bank Trading Up 1.2%

NYSE:WF traded up $0.71 during mid-day trading on Friday, hitting $57.49. The company had a trading volume of 30,737 shares, compared to its average volume of 47,713. Woori Bank has a fifty-two week low of $29.44 and a fifty-two week high of $57.97. The business's fifty day moving average is $54.47 and its two-hundred day moving average is $44.59. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.09 and a current ratio of 1.09. The firm has a market cap of $14.23 billion, a P/E ratio of 7.24, a P/E/G ratio of 1.02 and a beta of 1.11.

Woori Bank (NYSE:WF - Get Free Report) last released 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). Woori Bank had a net margin of 11.84% and a return on equity of 8.30%. The company had revenue of $2 billion during the quarter, compared to analyst estimates of $2,790.97 billion. As a group, research analysts expect that Woori Bank will post 8.24 earnings per share 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.