Woori Financial Group (NYSE:WF) Sees Unusually-High Trading Volume

Woori Financial Group Inc. (NYSE:WF) saw unusually-strong trading volume on Wednesday . Approximately 40,659 shares changed hands during trading, a decline of 22% from the previous session’s volume of 52,369 shares.The stock last traded at $32.15 and had previously closed at $32.75.

Woori Financial Group Stock Down 3.1 %

The company has a market cap of $7.86 billion, a price-to-earnings ratio of 4.47, a price-to-earnings-growth ratio of 0.40 and a beta of 1.07. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.07 and a current ratio of 1.08. The business has a 50-day simple moving average of $31.89 and a 200-day simple moving average of $31.82.

Woori Financial Group (NYSE:WF) last issued its quarterly earnings results on Thursday, May 16th. The bank reported $2.53 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.13 by $0.40. The company had revenue of $1.81 billion during the quarter. Woori Financial Group had a net margin of 10.48% and a return on equity of 7.08%. On average, equities analysts anticipate that Woori Financial Group Inc. will post 8.14 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Woori Financial Group

A number of institutional investors and hedge funds have recently bought and sold shares of WF. Parallel Advisors LLC lifted its holdings in shares of 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 purchasing an additional 1,713 shares during the last quarter. Cerity Partners LLC boosted its holdings 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 purchasing an additional 4,773 shares in the last quarter. Sequoia Financial Advisors LLC increased its position in Woori Financial Group by 7.2% during the 4th quarter. Sequoia Financial Advisors LLC now owns 23,260 shares of the bank’s stock worth $703,000 after purchasing an additional 1,565 shares during the period. Blue Trust Inc. raised its stake 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 worth $113,000 after buying an additional 1,005 shares in the last quarter. Finally, CWM LLC lifted its holdings 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 buying an additional 763 shares during the period. 17.79% of the stock is owned by hedge funds and other institutional investors.

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.