XTX Topco Ltd Makes New $298,000 Investment in Woori Bank (NYSE:WF)

Key Points

• XTX Topco Ltd acquired a new stake in Woori Bank by purchasing 8,927 shares valued at approximately $298,000 during the first quarter.
• Other hedge funds have significantly increased their holdings in Woori Bank, with GAMMA Investing LLC boosting its position by 3,000.5% to own 81,481 shares, valued at $2.72 million.
• Woori Bank's latest earnings report showed an EPS of $2.63, which fell short of the consensus estimate, resulting in a revenue of $2 billion compared to analyst expectations.

XTX Topco Ltd purchased a new position in shares of Woori Bank (NYSE:WF - Free Report) during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 8,927 shares of the bank's stock, valued at approximately $298,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Bank of America Corp DE boosted 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 worth $4,395,000 after acquiring an additional 23,015 shares during the last quarter. Canopy Partners LLC purchased a new position in Woori Bank during the first quarter worth about $201,000. Point72 Asset Management L.P. raised its stake 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 worth $419,000 after purchasing an additional 8,000 shares during the period. Cerity Partners LLC raised its stake in Woori Bank by 68.0% during the first quarter. Cerity Partners LLC now owns 68,203 shares of the bank's stock worth $2,277,000 after purchasing an additional 27,616 shares during the period. Finally, GAMMA Investing LLC raised its stake in Woori Bank by 3,000.5% during the first quarter. GAMMA Investing LLC now owns 81,481 shares of the bank's stock worth $2,720,000 after purchasing an additional 78,853 shares during the period. 3.41% of the stock is currently owned by institutional investors and hedge funds.

Woori Bank Trading Up 0.1%

WF stock traded up $0.07 during trading on Friday, reaching $55.15. 3,480 shares of the stock were exchanged, compared to its average volume of 63,973. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.86. The business has a 50 day moving average price of $51.25 and a 200-day moving average price of $40.92. Woori Bank has a 1 year low of $29.44 and a 1 year high of $57.97. The firm has a market capitalization of $13.65 billion, a price-to-earnings ratio of 6.95, a P/E/G ratio of 0.99 and a beta of 1.08.

Woori Bank (NYSE:WF - Get Free Report) last issued its earnings results on Friday, July 25th. The bank reported $2.63 EPS for the quarter, missing analysts' consensus estimates of $3,574.37 by ($3,571.74). Woori Bank had a return on equity of 8.31% and a net margin of 11.84%. The firm had revenue of $2 billion for the quarter, compared to analysts' expectations of $2,790.97 billion. On average, research analysts predict that Woori Bank will post 8.24 earnings per share for the current year.

About Woori Bank

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.