Public Employees Retirement System of Ohio Has $1.28 Million Holdings in Woori Bank $WF

Public Employees Retirement System of Ohio lowered its holdings in Woori Bank (NYSE:WF) by 34.7% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 19,289 shares of the bank’s stock after selling 10,231 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in Woori Bank were worth $1,285,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in WF. AQR Capital Management LLC grew its stake in shares of Woori Bank by 50.7% during the first quarter. AQR Capital Management LLC now owns 20,163 shares of the bank’s stock valued at $673,000 after purchasing an additional 6,782 shares during the last quarter. Goldman Sachs Group Inc. increased its holdings in shares of Woori Bank by 67.5% in the first quarter. Goldman Sachs Group Inc. now owns 52,170 shares of the bank’s stock valued at $1,741,000 after purchasing an additional 21,016 shares in the last quarter. Geode Capital Management LLC bought a new position in Woori Bank in the 2nd quarter worth approximately $240,000. JPMorgan Chase & Co. raised its position in Woori Bank by 40.1% in the 2nd quarter. JPMorgan Chase & Co. now owns 80,430 shares of the bank’s stock worth $4,000,000 after purchasing an additional 23,020 shares during the last quarter. Finally, Russell Investments Group Ltd. lifted its holdings in Woori Bank by 133.3% during the 2nd quarter. Russell Investments Group Ltd. now owns 8,744 shares of the bank’s stock worth $435,000 after buying an additional 4,996 shares in the last quarter. Institutional investors own 3.41% of the company’s stock.

Woori Bank Price Performance

NYSE:WF opened at $68.99 on Monday. 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’s 50-day simple moving average is $61.89 and its 200 day simple moving average is $65.95. The company has a market cap of $16.74 billion, a P/E ratio of 7.95, a P/E/G ratio of 0.65 and a beta of 1.01. Woori Bank has a 52-week low of $48.83 and a 52-week high of $84.71.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on WF. Zacks Research upgraded Woori Bank from a “strong sell” rating to a “hold” rating in a research report on Tuesday, June 23rd. Weiss Ratings downgraded shares of Woori Bank from a “buy (b)” rating to a “buy (b-)” rating in a research report on Monday, June 8th. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy”.

About Woori Bank

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.