Woori Financial Group (NYSE:WF) Sees Strong Trading Volume – Still a Buy?

Woori Financial Group Inc. (NYSE:WF) shares saw an uptick in trading volume on Thursday . 58,620 shares changed hands during trading, a decline of 2% from the previous session’s volume of 59,855 shares.The stock last traded at $35.56 and had previously closed at $35.73.

Woori Financial Group Stock Performance

The firm’s fifty day moving average is $32.89 and its 200-day moving average is $34.43. The stock has a market capitalization of $8.77 billion, a PE ratio of 4.61, a price-to-earnings-growth ratio of 0.77 and a beta of 1.07. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.87.

Institutional Investors Weigh In On Woori Financial Group

Institutional investors have recently modified their holdings of the company. Connor Clark & Lunn Investment Management Ltd. boosted its stake in shares of Woori Financial Group by 79.6% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 537,402 shares of the bank’s stock valued at $19,201,000 after purchasing an additional 238,131 shares during the period. Allspring Global Investments Holdings LLC acquired a new stake in shares of Woori Financial Group in the third quarter valued at $60,000. Jane Street Group LLC purchased a new position in Woori Financial Group in the third quarter valued at $226,000. B. Metzler seel. Sohn & Co. Holding AG purchased a new position in Woori Financial Group in the third quarter valued at $1,238,000. Finally, BNP Paribas Financial Markets grew its stake in Woori Financial Group by 38.1% during the 3rd quarter. BNP Paribas Financial Markets now owns 42,599 shares of the bank’s stock worth $1,522,000 after purchasing an additional 11,742 shares in the last quarter. 3.41% of the stock is owned by institutional investors and hedge funds.

About Woori Financial Group

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.