Ballentine Partners LLC Reduces Stock Position in Woori Financial Group Inc. (NYSE:WF)

Ballentine Partners LLC lessened its stake in Woori Financial Group Inc. (NYSE:WF) by 14.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 26,053 shares of the bank’s stock after selling 4,426 shares during the quarter. Ballentine Partners LLC’s holdings in Woori Financial Group were worth $835,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Acadian Asset Management LLC boosted its holdings in Woori Financial Group by 149.6% in the 1st quarter. Acadian Asset Management LLC now owns 53,018 shares of the bank’s stock valued at $1,719,000 after purchasing an additional 31,781 shares during the last quarter. Parallel Advisors LLC lifted its holdings in Woori Financial Group by 19.7% in the fourth quarter. Parallel Advisors LLC now owns 10,430 shares of the bank’s stock valued at $315,000 after acquiring an additional 1,713 shares during the last quarter. Summit Global Investments acquired a new position in Woori Financial Group in the second quarter valued at approximately $931,000. Sivia Capital Partners LLC purchased a new position in Woori Financial Group in the fourth quarter worth approximately $263,000. Finally, US Bancorp DE increased its stake in Woori Financial Group by 27.1% during the fourth quarter. US Bancorp DE now owns 29,385 shares of the bank’s stock worth $888,000 after acquiring an additional 6,259 shares during the last quarter. Hedge funds and other institutional investors own 17.79% of the company’s stock.

Woori Financial Group Stock Performance

Shares of Woori Financial Group stock opened at $35.69 on Tuesday. The business’s fifty day simple moving average is $34.17 and its 200-day simple moving average is $32.80. The company has a quick ratio of 0.12, a current ratio of 0.12 and a debt-to-equity ratio of 0.86. The firm has a market cap of $8.83 billion, a PE ratio of 5.01, a price-to-earnings-growth ratio of 0.42 and a beta of 1.05. Woori Financial Group Inc. has a 52 week low of $26.13 and a 52 week high of $38.05.

Woori Financial Group (NYSE:WF) last posted its earnings results on Wednesday, August 14th. The bank reported $2.53 EPS for the quarter, beating analysts’ consensus estimates of $2.18 by $0.35. Woori Financial Group had a net margin of 11.48% and a return on equity of 7.86%. The company had revenue of $2.06 billion for the quarter. Equities analysts forecast that Woori Financial Group Inc. will post 8.21 earnings per share for the current year.

Woori Financial Group Profile

Woori Financial Group Inc, a financial holding company, operates as a commercial bank that provides a range of financial products and services to individuals, corporations, and small- and medium-sized enterprises in Korea. It operates through Banking, Credit Card, Capital, Investment Banking, and Others segments.