Invesco Ltd. Cuts Position in Woori Bank $WF

Invesco Ltd. cut its stake in Woori Bank (NYSE:WF) by 6.7% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 38,201 shares of the bank’s stock after selling 2,735 shares during the period. Invesco Ltd.’s holdings in Woori Bank were worth $1,275,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Bank of America Corp DE grew its position in Woori Bank by 19.6% in 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 in the last quarter. Canopy Partners LLC purchased a new stake in Woori Bank during the first quarter valued at about $201,000. Abacus Wealth Partners LLC purchased a new stake in Woori Bank during the first quarter valued at about $249,000. Point72 Asset Management L.P. boosted its position 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 valued at $419,000 after buying an additional 8,000 shares during the period. Finally, Cerity Partners LLC boosted its position in Woori Bank by 68.0% during the first quarter. Cerity Partners LLC now owns 68,203 shares of the bank’s stock valued at $2,277,000 after buying an additional 27,616 shares during the period. 3.41% of the stock is currently owned by hedge funds and other institutional investors.

Woori Bank Stock Performance

NYSE WF opened at $53.71 on Tuesday. The company has a 50-day simple moving average of $53.31 and a two-hundred day simple moving average of $42.75. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.88. Woori Bank has a 12-month low of $29.44 and a 12-month high of $57.97. The firm has a market cap of $13.29 billion, a price-to-earnings ratio of 6.76, a PEG ratio of 0.96 and a beta of 1.11.

Woori Bank (NYSE:WF) last posted its quarterly earnings results on Friday, July 25th. The bank reported $2.63 earnings per share (EPS) 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 business had revenue of $2 billion for the quarter, compared to analysts’ expectations of $2,790.97 billion. On average, equities analysts forecast that Woori Bank will post 8.24 EPS 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.