Woori Financial Group (NYSE:WF) Now Covered by Goldman Sachs Group

Goldman Sachs Group initiated coverage on shares of Woori Financial Group (NYSE:WF) in a report published on Wednesday, The Fly reports. The brokerage issued a neutral rating on the bank’s stock.

Separately, ValuEngine upgraded Woori Financial Group from a sell rating to a hold rating in a research note on Wednesday, October 2nd.

Shares of WF stock opened at $28.90 on Wednesday. Woori Financial Group has a 12 month low of $27.59 and a 12 month high of $44.56. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.08 and a quick ratio of 1.08. The firm has a market capitalization of $6.55 billion, a P/E ratio of 3.79 and a beta of 0.67. The company’s fifty day moving average price is $30.90 and its two-hundred day moving average price is $32.29.

Woori Financial Group (NYSE:WF) last posted its quarterly earnings data on Thursday, November 14th. The bank reported $1.79 earnings per share for the quarter. The company had revenue of $1.48 billion during the quarter. Woori Financial Group had a net margin of 14.94% and a return on equity of 7.81%.

Hedge funds have recently bought and sold shares of the business. AdvisorNet Financial Inc bought a new stake in shares of Woori Financial Group in the 3rd quarter worth about $25,000. BNP Paribas Arbitrage SA bought a new position in shares of Woori Financial Group during the second quarter worth about $40,000. Parallel Advisors LLC grew its stake in Woori Financial Group by 663.6% in the third quarter. Parallel Advisors LLC now owns 1,909 shares of the bank’s stock worth $60,000 after purchasing an additional 1,659 shares in the last quarter. KCS Wealth Advisory acquired a new position in Woori Financial Group in the third quarter worth about $114,000. Finally, Strategic Global Advisors LLC acquired a new position in Woori Financial Group in the second quarter worth about $201,000. Institutional investors own 0.82% of the company’s stock.

Woori Financial Group Company Profile

Woori Financial Group Inc provides commercial banking products and services to retail and individual customers, and corporations. The company offers salary, fixed deposit, savings, and ordinary and business deposit products; and professional, deposit mortgage, apartment, and mortgage loans, as well as corporate operating, facility, and policy loans.

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