Woori Financial Group (NYSE:WF) Sees Strong Trading Volume

Woori Financial Group Inc. (NYSE:WF) saw unusually-high trading volume on Tuesday . Approximately 32,322 shares changed hands during trading, a decline of 35% from the previous session’s volume of 49,357 shares.The stock last traded at $31.60 and had previously closed at $31.91.

Analyst Upgrades and Downgrades

Separately, Bank of America upgraded Woori Financial Group from a “neutral” rating to a “buy” rating in a research note on Tuesday, January 16th.

Woori Financial Group Trading Down 1.1 %

The firm has a market cap of $7.88 billion, a PE ratio of 4.27, a PEG ratio of 0.39 and a beta of 1.05. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.05 and a quick ratio of 1.05. The business has a 50-day moving average price of $32.18 and a two-hundred day moving average price of $30.76.

Woori Financial Group (NYSE:WF) last posted its earnings results on Thursday, February 29th. The bank reported $0.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.94 by ($0.88). Woori Financial Group had a net margin of 10.81% and a return on equity of 7.37%. The company had revenue of $2.13 billion during the quarter. Analysts forecast that Woori Financial Group Inc. will post 8.02 EPS for the current year.

Woori Financial Group Increases Dividend

The firm also recently announced a semi-annual dividend, which was paid on Wednesday, February 28th. Investors of record on Thursday, February 29th were paid a $1.4465 dividend. This is a positive change from Woori Financial Group’s previous semi-annual dividend of $0.37. This represents a yield of 5.5%. The ex-dividend date was Wednesday, February 28th. Woori Financial Group’s dividend payout ratio is presently 62.73%.

Hedge Funds Weigh In On Woori Financial Group

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Janiczek Wealth Management LLC grew its holdings in shares of Woori Financial Group by 47.3% during the 4th quarter. Janiczek Wealth Management LLC now owns 1,077 shares of the bank’s stock worth $33,000 after purchasing an additional 346 shares during the period. GAMMA Investing LLC acquired a new stake in shares of Woori Financial Group in the fourth quarter worth $34,000. CWM LLC raised its stake in shares of Woori Financial Group by 27.8% in the 4th quarter. CWM LLC now owns 3,507 shares of the bank’s stock valued at $106,000 after acquiring an additional 763 shares during the period. Blue Trust Inc. lifted its holdings in shares of Woori Financial Group by 36.6% during the 4th quarter. Blue Trust Inc. now owns 3,751 shares of the bank’s stock valued at $113,000 after acquiring an additional 1,005 shares in the last quarter. Finally, Lindbrook Capital LLC boosted its position in Woori Financial Group by 14.0% during the 4th quarter. Lindbrook Capital LLC now owns 5,535 shares of the bank’s stock worth $167,000 after purchasing an additional 679 shares during the period. Institutional investors and hedge funds own 17.79% of the company’s stock.

About Woori Financial Group

Woori Financial Group Inc, together with its subsidiaries, operates as a commercial bank that provides a range of financial services to individual, business, and institutional customers in Korea. It operates through Banking, Credit Card, Capital, Investment Banking, and Others segments. The company offers savings, demand, and installment deposits; time deposits, certificates of deposit, and repurchase instruments; and working capital, facilities, general purpose household, mortgage, and home equity loans.