Assetmark Inc. Lowers Holdings in Woori Bank $WF

Assetmark Inc. decreased its position in Woori Bank (NYSE:WF) by 12.6% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 59,330 shares of the bank’s stock after selling 8,520 shares during the period. Assetmark Inc.’s holdings in Woori Bank were worth $3,951,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of WF. B. Metzler seel. Sohn & Co. AG lifted its position in Woori Bank by 100.1% in the 4th quarter. B. Metzler seel. Sohn & Co. AG now owns 89,881 shares of the bank’s stock valued at $5,284,000 after acquiring an additional 44,974 shares in the last quarter. Ethic Inc. increased its holdings in shares of Woori Bank by 9.1% in the 4th quarter. Ethic Inc. now owns 124,767 shares of the bank’s stock worth $7,335,000 after purchasing an additional 10,457 shares in the last quarter. CWM LLC raised its stake in shares of Woori Bank by 7.6% in the fourth quarter. CWM LLC now owns 3,474 shares of the bank’s stock worth $204,000 after purchasing an additional 244 shares during the last quarter. HB Wealth Management LLC raised its stake in shares of Woori Bank by 16.3% in the fourth quarter. HB Wealth Management LLC now owns 6,220 shares of the bank’s stock worth $366,000 after purchasing an additional 872 shares during the last quarter. Finally, Evergreen Capital Management LLC lifted its holdings in shares of Woori Bank by 7.8% during the fourth quarter. Evergreen Capital Management LLC now owns 6,790 shares of the bank’s stock valued at $399,000 after purchasing an additional 489 shares in the last quarter. 3.41% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts recently commented on WF shares. Zacks Research upgraded Woori Bank from a “strong sell” rating to a “hold” rating in a report on Tuesday, June 23rd. Wall Street Zen cut shares of Woori Bank from a “buy” rating to a “hold” rating in a research note on Saturday, April 4th. Finally, Weiss Ratings downgraded shares of Woori Bank from a “buy (b)” rating to a “buy (b-)” rating in a report on Monday, June 8th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy”.

Woori Bank Stock Performance

NYSE:WF opened at $62.30 on Thursday. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.14 and a current ratio of 1.14. The stock has a 50-day simple moving average of $61.32 and a two-hundred day simple moving average of $65.54. The firm has a market capitalization of $15.12 billion, a PE ratio of 7.20, a P/E/G ratio of 0.67 and a beta of 1.02. Woori Bank has a 52-week low of $48.83 and a 52-week high of $84.71.

Woori Bank (NYSE:WF) last posted its quarterly earnings data on Friday, April 24th. The bank reported $1.59 EPS for the quarter, missing the consensus estimate of $2.60 by ($1.01). Woori Bank had a return on equity of 8.46% and a net margin of 13.34%.The company had revenue of $1.88 billion during the quarter, compared to the consensus estimate of $1.99 billion. Analysts forecast that Woori Bank will post 8.69 EPS for the current year.

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.