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

Woori Financial Group Inc. (NYSE:WF) shares saw unusually-strong trading volume on Tuesday . Approximately 20,191 shares were traded during mid-day trading, a decline of 64% from the previous session’s volume of 55,583 shares.The stock last traded at $31.41 and had previously closed at $31.90.

Woori Financial Group Stock Performance

The firm has a fifty day simple moving average of $32.13 and a 200 day simple moving average of $32.13. The company has a current ratio of 1.08, a quick ratio of 1.07 and a debt-to-equity ratio of 0.89. The stock has a market cap of $7.84 billion, a price-to-earnings ratio of 4.47, a PEG ratio of 0.39 and a beta of 1.07.

Woori Financial Group (NYSE:WF) last announced its quarterly earnings results on Thursday, May 16th. The bank reported $2.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.13 by $0.40. The firm had revenue of $1.81 billion for the quarter. Woori Financial Group had a net margin of 10.48% and a return on equity of 7.08%. As a group, sell-side analysts expect that Woori Financial Group Inc. will post 8.21 earnings per share for the current year.

Institutional Investors Weigh In On Woori Financial Group

Hedge funds have recently made changes to their positions in the company. Acadian Asset Management LLC increased its stake in shares of Woori Financial Group by 149.6% in the first quarter. Acadian Asset Management LLC now owns 53,018 shares of the bank’s stock valued at $1,719,000 after buying an additional 31,781 shares in the last quarter. Parallel Advisors LLC increased its position in Woori Financial Group by 19.7% in the 4th quarter. Parallel Advisors LLC now owns 10,430 shares of the bank’s stock valued at $315,000 after acquiring an additional 1,713 shares in the last quarter. Cerity Partners LLC increased its position in Woori Financial Group by 23.2% in the 4th quarter. Cerity Partners LLC now owns 25,337 shares of the bank’s stock valued at $766,000 after acquiring an additional 4,773 shares in the last quarter. Sequoia Financial Advisors LLC raised its stake in shares of Woori Financial Group by 7.2% in the fourth quarter. Sequoia Financial Advisors LLC now owns 23,260 shares of the bank’s stock worth $703,000 after acquiring an additional 1,565 shares during the last quarter. Finally, CWM LLC grew its stake in shares of Woori Financial Group by 27.8% during the fourth quarter. CWM LLC now owns 3,507 shares of the bank’s stock valued at $106,000 after purchasing an additional 763 shares during the last quarter. Institutional investors and hedge funds own 17.79% of the company’s stock.

Woori Financial Group Company Profile

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.