JPMorgan Chase & Co. Sells 32,899 Shares of Woori Bank $WF

JPMorgan Chase & Co. decreased its stake in Woori Bank (NYSE:WF) by 40.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 47,531 shares of the bank’s stock after selling 32,899 shares during the period. JPMorgan Chase & Co.’s holdings in Woori Bank were worth $2,669,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in WF. CWM LLC boosted its holdings in 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 during the last quarter. Aprio Wealth Management LLC raised its holdings in Woori Bank by 2.3% during the 3rd quarter. Aprio Wealth Management LLC now owns 11,678 shares of the bank’s stock worth $656,000 after purchasing an additional 258 shares during the last quarter. Signaturefd LLC lifted its position in shares of Woori Bank by 0.7% in the 3rd quarter. Signaturefd LLC now owns 43,497 shares of the bank’s stock worth $2,442,000 after purchasing an additional 285 shares during the period. Bridgewater Advisors Inc. boosted its stake in shares of Woori Bank by 2.6% in the 3rd quarter. Bridgewater Advisors Inc. now owns 12,545 shares of the bank’s stock valued at $701,000 after purchasing an additional 320 shares during the last quarter. Finally, Allworth Financial LP boosted its stake in shares of Woori Bank by 28.6% in the 3rd quarter. Allworth Financial LP now owns 1,506 shares of the bank’s stock valued at $85,000 after purchasing an additional 335 shares during the last quarter. 3.41% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

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

Woori Bank Stock Performance

Shares of WF stock opened at $65.72 on Monday. The firm has a 50 day moving average of $70.14 and a 200-day moving average of $61.20. The company has a market cap of $16.08 billion, a price-to-earnings ratio of 7.58, a price-to-earnings-growth ratio of 0.67 and a beta of 1.13. The company has a quick ratio of 1.13, a current ratio of 1.10 and a debt-to-equity ratio of 0.90. Woori Bank has a 52 week low of $29.44 and a 52 week high of $84.71.

Woori Bank (NYSE:WF) last released its earnings results on Wednesday, March 4th. The bank reported $0.86 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.90 by ($0.04). The company had revenue of $367.58 million for the quarter, compared to analyst estimates of $1.84 billion. Woori Bank had a net margin of 13.49% and a return on equity of 8.74%. On average, equities analysts forecast that Woori Bank will post 8.24 earnings per share for the current year.

Woori Bank 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.