Acadian Asset Management LLC Increases Position in Woori Bank $WF

Acadian Asset Management LLC lifted its position in Woori Bank (NYSE:WF) by 0.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 128,924 shares of the bank’s stock after buying an additional 1,083 shares during the quarter. Acadian Asset Management LLC owned approximately 0.05% of Woori Bank worth $6,407,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the business. HighTower Advisors LLC acquired a new position in shares of Woori Bank during the 1st quarter worth about $207,000. Canopy Partners LLC acquired a new position in Woori Bank in the first quarter valued at $201,000. Abacus Wealth Partners LLC acquired a new stake in Woori Bank during the 1st quarter worth approximately $249,000. Aaron Wealth Advisors LLC purchased a new position in Woori Bank in the 2nd quarter valued at $306,000. Finally, Cerity Partners LLC increased its stake in shares of 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 acquiring an additional 27,616 shares during the period. Institutional investors and hedge funds own 3.41% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on WF shares. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Woori Bank in a research note on Tuesday. Zacks Research lowered Woori Bank from a “hold” rating to a “strong sell” rating in a research note on Tuesday, October 21st. One investment analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold”.

Woori Bank Stock Performance

Shares of Woori Bank stock opened at $55.89 on Thursday. 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’s 50-day simple moving average is $55.20 and its 200-day simple moving average is $50.43. Woori Bank has a 1 year low of $29.44 and a 1 year high of $57.97. The firm has a market cap of $13.68 billion, a PE ratio of 7.04, a price-to-earnings-growth ratio of 0.90 and a beta of 1.17.

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.