Picton Mahoney Asset Management Reduces Position in Woori Bank (WF)
Picton Mahoney Asset Management lowered its stake in shares of Woori Bank (NYSE:WF) by 25.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,500 shares of the bank’s stock after selling 1,500 shares during the quarter. Picton Mahoney Asset Management’s holdings in Woori Bank were worth $204,000 at the end of the most recent reporting period.
Other hedge funds also recently made changes to their positions in the company. Signaturefd LLC increased its position in Woori Bank by 40.9% during the second quarter. Signaturefd LLC now owns 4,082 shares of the bank’s stock worth $179,000 after acquiring an additional 1,184 shares during the period. Confluence Investment Management LLC bought a new position in Woori Bank during the second quarter worth $297,000. Wells Fargo & Company MN increased its position in Woori Bank by 4,799.5% during the third quarter. Wells Fargo & Company MN now owns 9,211 shares of the bank’s stock worth $417,000 after acquiring an additional 9,023 shares during the period. Wetherby Asset Management Inc. increased its position in Woori Bank by 60.0% during the second quarter. Wetherby Asset Management Inc. now owns 10,591 shares of the bank’s stock worth $466,000 after acquiring an additional 3,971 shares during the period. Finally, Assetmark Inc. increased its position in Woori Bank by 6.9% during the second quarter. Assetmark Inc. now owns 31,393 shares of the bank’s stock worth $1,380,000 after acquiring an additional 2,013 shares during the period. 0.52% of the stock is currently owned by institutional investors and hedge funds.
WF opened at $42.50 on Friday. Woori Bank has a fifty-two week low of $38.29 and a fifty-two week high of $49.04. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.10 and a current ratio of 0.10. The firm has a market cap of $9.74 billion, a price-to-earnings ratio of 7.17, a price-to-earnings-growth ratio of 0.86 and a beta of 1.00.
Separately, Zacks Investment Research raised shares of Woori Bank from a “hold” rating to a “strong-buy” rating and set a $48.00 target price on the stock in a research report on Tuesday, October 30th.
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About Woori Bank
Woori Bank engages in the provision of personal and commercial banking services. It operates through the following segments: Consumer Banking, Corporate Banking, Investment Banking, Capital Markets, Credit Cards, and Other Operations. The Consumer Banking segment consists of lending to and taking deposits from its retail customers.
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