Cerity Partners LLC Raises Position in Woori Financial Group Inc. (NYSE:WF)

Cerity Partners LLC increased its position in shares of Woori Financial Group Inc. (NYSE:WF) by 23.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 25,337 shares of the bank’s stock after purchasing an additional 4,773 shares during the quarter. Cerity Partners LLC’s holdings in Woori Financial Group were worth $766,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in WF. Sequoia Financial Advisors LLC boosted its stake in Woori Financial Group by 7.2% during the fourth quarter. Sequoia Financial Advisors LLC now owns 23,260 shares of the bank’s stock valued at $703,000 after buying an additional 1,565 shares during the period. BSW Wealth Partners purchased a new position in shares of Woori Financial Group in the fourth quarter worth about $255,000. Ballentine Partners LLC lifted its stake in shares of Woori Financial Group by 22.1% in the 4th quarter. Ballentine Partners LLC now owns 21,200 shares of the bank’s stock valued at $641,000 after acquiring an additional 3,843 shares during the last quarter. Caprock Group LLC boosted its holdings in Woori Financial Group by 14.2% during the 4th quarter. Caprock Group LLC now owns 15,241 shares of the bank’s stock valued at $461,000 after acquiring an additional 1,899 shares during the period. Finally, Blue Trust Inc. grew its position in Woori Financial Group by 36.6% during the 4th quarter. Blue Trust Inc. now owns 3,751 shares of the bank’s stock worth $113,000 after acquiring an additional 1,005 shares during the last quarter. 17.79% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, Bank of America raised shares of Woori Financial Group from a “neutral” rating to a “buy” rating in a report on Tuesday, January 16th.

Woori Financial Group Stock Up 1.0 %

Shares of NYSE:WF opened at $31.16 on Wednesday. The stock’s 50-day moving average is $32.65 and its 200 day moving average is $30.49. The company has a market cap of $7.71 billion, a PE ratio of 4.18, a P/E/G ratio of 0.39 and a beta of 1.04. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.05 and a quick ratio of 1.07. Woori Financial Group Inc. has a 1 year low of $24.94 and a 1 year high of $36.17.

Woori Financial Group (NYSE:WF) last posted its earnings results on Thursday, February 29th. The bank reported $0.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.94 by ($0.88). The business had revenue of $2.13 billion for the quarter. Woori Financial Group had a net margin of 10.81% and a return on equity of 7.31%. Sell-side analysts anticipate that Woori Financial Group Inc. will post 8.04 EPS for the current year.

Woori Financial Group Dividend Announcement

The business also recently announced an annual dividend, which was paid on Thursday, March 28th. Stockholders of record on Monday, April 1st were paid a dividend of $1.1918 per share. This represents a dividend yield of 5.3%. The ex-dividend date of this dividend was Thursday, March 28th. Woori Financial Group’s payout ratio is 62.73%.

Woori Financial Group 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.