Woori Bank $WF Shares Bought by Assetmark Inc.

Assetmark Inc. raised its stake in Woori Bank (NYSE:WF) by 109.0% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 35,898 shares of the bank’s stock after buying an additional 18,726 shares during the quarter. Assetmark Inc.’s holdings in Woori Bank were worth $2,016,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the stock. Allworth Financial LP grew its holdings in shares of Woori Bank by 25.5% in the second quarter. Allworth Financial LP now owns 1,171 shares of the bank’s stock valued at $58,000 after purchasing an additional 238 shares during the period. CWM LLC boosted its holdings in Woori Bank by 8.1% in the 3rd quarter. CWM LLC now owns 3,230 shares of the bank’s stock valued at $181,000 after purchasing an additional 243 shares during the last quarter. Bridgewater Advisors Inc. grew its stake in shares of Woori Bank by 2.1% in the 2nd quarter. Bridgewater Advisors Inc. now owns 12,225 shares of the bank’s stock valued at $650,000 after buying an additional 246 shares during the period. Signaturefd LLC grew its stake in shares of Woori Bank by 0.7% in the 3rd quarter. Signaturefd LLC now owns 43,497 shares of the bank’s stock valued at $2,442,000 after buying an additional 285 shares during the period. Finally, Osaic Holdings Inc. increased its holdings in shares of Woori Bank by 51.9% during the 2nd quarter. Osaic Holdings Inc. now owns 1,042 shares of the bank’s stock worth $51,000 after buying an additional 356 shares during the last quarter. Hedge funds and other institutional investors own 3.41% of the company’s stock.

Woori Bank Trading Down 0.5%

Shares of NYSE WF opened at $79.62 on Thursday. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.78. The stock has a market capitalization of $19.48 billion, a PE ratio of 8.91, a PEG ratio of 0.84 and a beta of 1.14. Woori Bank has a twelve month low of $29.44 and a twelve month high of $81.89. The stock has a fifty day simple moving average of $62.57 and a 200-day simple moving average of $57.65.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. Zacks Research upgraded Woori Bank from a “hold” rating to a “strong-buy” rating in a report on Wednesday, February 11th. Wall Street Zen raised Woori Bank from a “hold” rating to a “buy” rating in a research note on Saturday, February 14th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Woori Bank in a report on Monday, December 29th. One investment analyst has rated the stock with a Strong Buy rating and one has assigned a Buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Strong Buy”.

Woori Bank Company Profile

Woori Bank Co, Ltd. (NYSE: WF) is a South Korean commercial bank and the principal banking unit of Woori Financial Group. Established in 2001 through the merger of Hanvit Bank and Peace Bank, the institution traces its roots to earlier banking entities that date back to the late 19th and mid-20th centuries. Headquartered in Seoul, Woori Bank operates under a universal banking model, serving both individual customers and corporate clients with a comprehensive suite of financial products and services.

The bank’s core operations encompass retail banking, corporate and investment banking, treasury services, and wealth management.