Envestnet Asset Management Inc. Purchases 19,749 Shares of Woori Bank $WF

Envestnet Asset Management Inc. lifted its position in Woori Bank (NYSE:WF) by 242.5% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 27,892 shares of the bank’s stock after purchasing an additional 19,749 shares during the period. Envestnet Asset Management Inc.’s holdings in Woori Bank were worth $1,566,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Woori Bank Trading Down 6.2%

WF stock opened at $74.70 on Monday. The firm has a fifty day moving average price of $66.00 and a 200 day moving average price of $58.99. Woori Bank has a fifty-two week low of $29.44 and a fifty-two week high of $84.71. The firm has a market cap of $18.28 billion, a PE ratio of 8.36, a price-to-earnings-growth ratio of 0.76 and a beta of 1.10. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.13 and a current ratio of 1.13.

Analysts Set New Price Targets

Several analysts recently issued reports on WF shares. Wall Street Zen raised Woori Bank from a “buy” rating to a “strong-buy” rating in a research note on Saturday. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Woori Bank in a report on Monday, December 29th. Finally, Zacks Research raised shares of Woori Bank from a “hold” rating to a “strong-buy” rating in a report on Wednesday, February 11th. One investment analyst has rated the stock with a Strong Buy rating and one has given a Buy rating to the company’s stock. According to data from MarketBeat, Woori Bank has a consensus rating of “Strong Buy”.

About Woori Bank

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.