Woori Financial Group (NYSE:WF) Sees Large Volume Increase – Here’s What Happened

Woori Financial Group Inc. (NYSE:WF) shares saw an uptick in trading volume on Wednesday . 57,905 shares traded hands during mid-day trading, a decline of 1% from the previous session’s volume of 58,319 shares.The stock last traded at $35.86 and had previously closed at $35.75.

Woori Financial Group Stock Up 0.3 %

The company has a quick ratio of 0.12, a current ratio of 0.12 and a debt-to-equity ratio of 0.86. The company has a market capitalization of $8.87 billion, a price-to-earnings ratio of 5.03, a P/E/G ratio of 0.42 and a beta of 1.05. The stock’s fifty day moving average price is $35.33 and its 200-day moving average price is $33.02.

Woori Financial Group (NYSE:WF) last released its earnings results on Wednesday, August 14th. The bank reported $2.53 earnings per share for the quarter, beating the consensus estimate of $2.18 by $0.35. Woori Financial Group had a net margin of 11.48% and a return on equity of 7.86%. The business had revenue of $2.06 billion during the quarter. On average, sell-side analysts predict that Woori Financial Group Inc. will post 8.21 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Woori Financial Group

Institutional investors and hedge funds have recently modified their holdings of the business. Atomi Financial Group Inc. acquired a new stake in Woori Financial Group during the third quarter worth approximately $241,000. Aprio Wealth Management LLC acquired a new stake in shares of Woori Financial Group during the 3rd quarter worth $218,000. GAMMA Investing LLC grew its holdings in shares of Woori Financial Group by 61.1% during the 3rd quarter. GAMMA Investing LLC now owns 2,739 shares of the bank’s stock worth $98,000 after purchasing an additional 1,039 shares in the last quarter. Creative Planning increased its position in shares of Woori Financial Group by 15.0% in the second quarter. Creative Planning now owns 120,380 shares of the bank’s stock worth $3,857,000 after purchasing an additional 15,741 shares during the period. Finally, Marshall Wace LLP acquired a new position in Woori Financial Group in the second quarter valued at about $672,000. 17.79% of the stock is currently owned by institutional investors and hedge funds.

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.