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

Shares of Woori Financial Group Inc. (NYSE:WF - Get Free Report) saw strong trading volume on Tuesday . 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 raised shares of Woori Financial Group from a "neutral" rating to a "buy" rating in a research note on Tuesday, January 16th.

Woori Financial Group Stock Performance

The stock has a market capitalization of $7.78 billion, a P/E ratio of 4.21, a price-to-earnings-growth ratio of 0.39 and a beta of 1.05. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.93. The company has a 50-day moving average price of $32.30 and a two-hundred day moving average price of $30.72.

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

Woori Financial Group Increases Dividend

The firm also recently declared a semi-annual dividend, which was paid on Wednesday, February 28th. Shareholders of record on Thursday, February 29th were given a dividend of $1.4465 per share. This is a boost 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 (DPR) is presently 62.73%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Janiczek Wealth Management LLC increased its position in shares of Woori Financial Group by 47.3% during the fourth quarter. Janiczek Wealth Management LLC now owns 1,077 shares of the bank's stock valued at $33,000 after buying an additional 346 shares during the period. GAMMA Investing LLC bought a new position in shares of Woori Financial Group in the 4th quarter worth about $34,000. CWM LLC lifted its position in Woori Financial Group by 27.8% during 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. boosted its stake in Woori Financial Group by 36.6% during the fourth quarter. Blue Trust Inc. now owns 3,751 shares of the bank's stock worth $113,000 after acquiring an additional 1,005 shares in the last quarter. Finally, Lindbrook Capital LLC grew its holdings in Woori Financial Group by 14.0% in the fourth 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 own 17.79% of the company's stock.

Woori Financial Group Company Profile

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.