Sequoia Financial Advisors LLC Grows Holdings in Woori Financial Group Inc. (NYSE:WF)

Sequoia Financial Advisors LLC raised its stake in Woori Financial Group Inc. (NYSE:WF) by 7.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 23,260 shares of the bank’s stock after buying an additional 1,565 shares during the period. Sequoia Financial Advisors LLC’s holdings in Woori Financial Group were worth $703,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in WF. EverSource Wealth Advisors LLC grew its position in Woori Financial Group by 6.2% during the third quarter. EverSource Wealth Advisors LLC now owns 6,976 shares of the bank’s stock valued at $191,000 after acquiring an additional 409 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its stake in shares of Woori Financial Group by 24.8% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 27,393 shares of the bank’s stock valued at $751,000 after purchasing an additional 5,443 shares in the last quarter. Blue Trust Inc. grew its holdings in shares of Woori Financial Group by 36.6% during the 4th quarter. Blue Trust Inc. now owns 3,751 shares of the bank’s stock valued at $113,000 after purchasing an additional 1,005 shares during the last quarter. Ritholtz Wealth Management raised its position in Woori Financial Group by 29.8% in the 4th quarter. Ritholtz Wealth Management now owns 35,734 shares of the bank’s stock worth $1,080,000 after purchasing an additional 8,211 shares during the period. Finally, Caprock Group LLC lifted its stake in Woori Financial Group by 14.2% in the fourth quarter. Caprock Group LLC now owns 15,241 shares of the bank’s stock worth $461,000 after purchasing an additional 1,899 shares during the last quarter. Hedge funds and other institutional investors own 17.79% of the company’s stock.

Woori Financial Group Price Performance

WF opened at $29.26 on Tuesday. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.05 and a quick ratio of 1.07. The stock’s 50 day simple moving average is $32.98 and its 200 day simple moving average is $30.40. The firm has a market cap of $7.24 billion, a price-to-earnings ratio of 3.92, a PEG ratio of 0.38 and a beta of 1.04. 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 issued 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). Woori Financial Group had a return on equity of 7.31% and a net margin of 10.81%. The firm had revenue of $2.13 billion during the quarter. As a group, analysts predict that Woori Financial Group Inc. will post 8.04 earnings per share for the current year.

Woori Financial Group Dividend Announcement

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

Wall Street Analysts Forecast Growth

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

Woori Financial Group Company 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.