JPMorgan Chase & Co. Cuts Stake in Woori Financial Group Inc. (NYSE:WF)

JPMorgan Chase & Co. lowered its position in shares of Woori Financial Group Inc. (NYSE:WF) by 14.6% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,265 shares of the bank’s stock after selling 386 shares during the period. JPMorgan Chase & Co.’s holdings in Woori Financial Group were worth $81,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in shares of Woori Financial Group by 79.6% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 537,402 shares of the bank’s stock valued at $19,201,000 after acquiring an additional 238,131 shares during the last quarter. Meritage Portfolio Management increased its position in Woori Financial Group by 17.1% in the third quarter. Meritage Portfolio Management now owns 170,316 shares of the bank’s stock worth $6,085,000 after purchasing an additional 24,845 shares during the last quarter. Creative Planning increased its position in Woori Financial Group by 29.4% in the third quarter. Creative Planning now owns 155,822 shares of the bank’s stock worth $5,568,000 after purchasing an additional 35,442 shares during the last quarter. CWA Asset Management Group LLC purchased a new position in Woori Financial Group during the third quarter worth $3,046,000. Finally, Signaturefd LLC boosted its stake in Woori Financial Group by 1.5% during the third quarter. Signaturefd LLC now owns 44,110 shares of the bank’s stock worth $1,576,000 after buying an additional 653 shares during the period. Hedge funds and other institutional investors own 3.41% of the company’s stock.

Woori Financial Group Price Performance

Shares of NYSE WF opened at $31.91 on Tuesday. Woori Financial Group Inc. has a 52 week low of $28.49 and a 52 week high of $38.05. The firm has a market cap of $7.90 billion, a P/E ratio of 4.15, a P/E/G ratio of 0.33 and a beta of 1.07. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.87. The business’s 50 day moving average price is $32.72 and its 200 day moving average price is $34.27.

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.