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

Envestnet Asset Management Inc. increased its stake in shares of Woori Bank (NYSE:WF) by 242.5% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 27,892 shares of the bank’s stock after purchasing an additional 19,749 shares during the quarter. Envestnet Asset Management Inc.’s holdings in Woori Bank were worth $1,566,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Coldstream Capital Management Inc. raised its position in Woori Bank by 577.5% in the 2nd quarter. Coldstream Capital Management Inc. now owns 10,373 shares of the bank’s stock worth $516,000 after purchasing an additional 8,842 shares during the period. Acadian Asset Management LLC boosted its position in shares of Woori Bank by 0.8% during the second quarter. Acadian Asset Management LLC now owns 128,924 shares of the bank’s stock valued at $6,407,000 after buying an additional 1,083 shares during the period. West Family Investments Inc. grew its stake in shares of Woori Bank by 42.9% during the second quarter. West Family Investments Inc. now owns 17,614 shares of the bank’s stock valued at $876,000 after buying an additional 5,284 shares during the last quarter. Creative Planning raised its holdings in shares of Woori Bank by 25.8% in the second quarter. Creative Planning now owns 261,811 shares of the bank’s stock worth $13,020,000 after buying an additional 53,743 shares during the period. Finally, Vise Technologies Inc. purchased a new stake in shares of Woori Bank in the second quarter worth approximately $749,000. Hedge funds and other institutional investors own 3.41% of the company’s stock.

Woori Bank Stock Performance

Shares of Woori Bank stock opened at $74.70 on Monday. 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’s fifty day moving average price is $66.00 and its 200-day moving average price is $58.99. The firm has a market cap of $18.28 billion, a P/E ratio of 8.36, a P/E/G ratio of 0.76 and a beta of 1.10. Woori Bank has a 12 month low of $29.44 and a 12 month high of $84.71.

Wall Street Analysts Forecast Growth

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

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.