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

Woori Financial Group Inc. (NYSE:WF) shares saw strong trading volume on Thursday . 27,924 shares traded hands during trading, a decline of 50% from the previous session’s volume of 56,375 shares.The stock last traded at $36.71 and had previously closed at $35.71.

Woori Financial Group Stock Down 2.0 %

The company has a current ratio of 0.12, a quick ratio of 0.12 and a debt-to-equity ratio of 0.86. The stock’s 50-day moving average price is $34.69 and its 200-day moving average price is $32.91. The company has a market cap of $8.89 billion, a P/E ratio of 5.04, a PEG ratio of 0.42 and a beta of 1.05.

Woori Financial Group (NYSE:WF) last posted its quarterly earnings results on Wednesday, August 14th. The bank reported $2.53 earnings per share for the quarter, topping analysts’ consensus estimates of $2.18 by $0.35. Woori Financial Group had a return on equity of 7.86% and a net margin of 11.48%. The business had revenue of $2.06 billion for the quarter. As a group, research analysts forecast that Woori Financial Group Inc. will post 8.21 EPS for the current year.

Hedge Funds Weigh In On Woori Financial Group

A number of large investors have recently modified their holdings of WF. Meritage Portfolio Management bought a new position in Woori Financial Group in the 1st quarter valued at about $3,075,000. Acadian Asset Management LLC raised its stake in shares of Woori Financial Group by 78.3% in the second quarter. Acadian Asset Management LLC now owns 94,538 shares of the bank’s stock worth $3,026,000 after purchasing an additional 41,520 shares during the last quarter. Renaissance Technologies LLC boosted its position in shares of Woori Financial Group by 108.9% during the second quarter. Renaissance Technologies LLC now owns 63,300 shares of the bank’s stock valued at $2,028,000 after buying an additional 33,000 shares during the last quarter. Summit Global Investments bought a new stake in Woori Financial Group during the second quarter worth $931,000. Finally, Marshall Wace LLP bought a new stake in Woori Financial Group during the second quarter worth $672,000. 17.79% of the stock is currently owned by institutional investors.

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.