Connor Clark & Lunn Investment Management Ltd. lessened its position in Woori Bank (NYSE:WF) by 5.0% in the third quarter, HoldingsChannel.com reports. The fund owned 44,448 shares of the bank’s stock after selling 2,340 shares during the period. Connor Clark & Lunn Investment Management Ltd.’s holdings in Woori Bank were worth $2,015,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors and hedge funds have also recently made changes to their positions in the company. O Shaughnessy Asset Management LLC lifted its stake in shares of Woori Bank by 1,661.6% during the 3rd quarter. O Shaughnessy Asset Management LLC now owns 39,619 shares of the bank’s stock worth $1,796,000 after buying an additional 37,370 shares during the last quarter. Signaturefd LLC lifted its stake in shares of Woori Bank by 40.9% during the 2nd quarter. Signaturefd LLC now owns 4,082 shares of the bank’s stock worth $179,000 after buying an additional 1,184 shares during the last quarter. Northern Trust Corp lifted its stake in shares of Woori Bank by 6.3% during the 2nd quarter. Northern Trust Corp now owns 145,733 shares of the bank’s stock worth $6,408,000 after buying an additional 8,591 shares during the last quarter. Aperio Group LLC lifted its stake in shares of Woori Bank by 25.6% during the 2nd quarter. Aperio Group LLC now owns 137,654 shares of the bank’s stock worth $6,053,000 after buying an additional 28,087 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in shares of Woori Bank by 18.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 49,063 shares of the bank’s stock worth $2,155,000 after buying an additional 7,575 shares during the last quarter. 0.56% of the stock is owned by institutional investors.
Shares of Woori Bank stock opened at $42.60 on Thursday. Woori Bank has a twelve month low of $38.29 and a twelve month high of $49.04. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.72. The stock has a market capitalization of $9.49 billion, a price-to-earnings ratio of 7.89, a price-to-earnings-growth ratio of 0.85 and a beta of 1.00.
Separately, Zacks Investment Research upgraded shares of Woori Bank from a “hold” rating to a “strong-buy” rating and set a $48.00 price objective for the company in a research note on Tuesday, October 30th.
TRADEMARK VIOLATION WARNING: “Connor Clark & Lunn Investment Management Ltd. Has $2.02 Million Stake in Woori Bank (WF)” was reported by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are accessing this report on another website, it was copied illegally and republished in violation of international trademark and copyright legislation. The legal version of this report can be read at https://www.dispatchtribunal.com/2018/12/06/connor-clark-lunn-investment-management-ltd-has-2-02-million-stake-in-woori-bank-wf.html.
Woori Bank Profile
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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