QRG Capital Management Inc. Grows Position in Woori Bank $WF

QRG Capital Management Inc. increased its position in shares of Woori Bank (NYSE:WF) by 18.1% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 11,865 shares of the bank’s stock after buying an additional 1,817 shares during the period. QRG Capital Management Inc.’s holdings in Woori Bank were worth $590,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in WF. GAMMA Investing LLC increased its stake in Woori Bank by 3,000.5% in the first quarter. GAMMA Investing LLC now owns 81,481 shares of the bank’s stock valued at $2,720,000 after purchasing an additional 78,853 shares during the last quarter. Cerity Partners LLC grew its position in shares of Woori Bank by 68.0% during the first quarter. Cerity Partners LLC now owns 68,203 shares of the bank’s stock worth $2,277,000 after acquiring an additional 27,616 shares during the last quarter. Goldman Sachs Group Inc. grew its position in shares of Woori Bank by 67.5% during the first quarter. Goldman Sachs Group Inc. now owns 52,170 shares of the bank’s stock worth $1,741,000 after acquiring an additional 21,016 shares during the last quarter. Vident Advisory LLC grew its position in shares of Woori Bank by 21.5% during the first quarter. Vident Advisory LLC now owns 115,365 shares of the bank’s stock worth $3,851,000 after acquiring an additional 20,379 shares during the last quarter. Finally, Advisors Preferred LLC grew its position in shares of Woori Bank by 1,425.0% during the first quarter. Advisors Preferred LLC now owns 15,723 shares of the bank’s stock worth $533,000 after acquiring an additional 14,692 shares during the last quarter. 3.41% of the stock is currently owned by hedge funds and other institutional investors.

Woori Bank Trading Down 5.7%

NYSE:WF opened at $52.98 on Friday. The company has a market capitalization of $13.11 billion, a PE ratio of 6.67, a price-to-earnings-growth ratio of 1.01 and a beta of 1.14. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.88. Woori Bank has a 52-week low of $29.44 and a 52-week high of $57.97. The stock has a fifty day simple moving average of $55.04 and a 200-day simple moving average of $46.94.

Woori Bank (NYSE:WF) last released its quarterly earnings results on Friday, July 25th. The bank reported $2.63 earnings per share (EPS) for the quarter, missing the consensus estimate of $3,574.37 by ($3,571.74). The firm had revenue of $2 billion for the quarter, compared to analyst estimates of $2,790.97 billion. Woori Bank had a return on equity of 8.30% and a net margin of 11.84%. On average, equities research analysts expect that Woori Bank will post 8.24 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Woori Bank in a report on Wednesday. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat, the company presently has an average rating of “Buy”.

About Woori Bank

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.