Cwm LLC Boosts Stock Position in Woori Financial Group Inc. (NYSE:WF)

Cwm LLC increased its stake in Woori Financial Group Inc. (NYSE:WF) by 27.8% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 3,507 shares of the bank’s stock after purchasing an additional 763 shares during the quarter. Cwm LLC’s holdings in Woori Financial Group were worth $106,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Signaturefd LLC boosted its holdings in Woori Financial Group by 4.2% in the 4th quarter. Signaturefd LLC now owns 41,925 shares of the bank’s stock valued at $1,267,000 after purchasing an additional 1,700 shares during the period. Lindbrook Capital LLC raised its position in shares of Woori Financial Group by 14.0% in the fourth quarter. Lindbrook Capital LLC now owns 5,535 shares of the bank’s stock worth $167,000 after buying an additional 679 shares in the last quarter. Janiczek Wealth Management LLC boosted its stake in Woori Financial Group by 47.3% during the fourth quarter. Janiczek Wealth Management LLC now owns 1,077 shares of the bank’s stock valued at $33,000 after buying an additional 346 shares during the period. Cerity Partners LLC grew its position in Woori Financial Group by 23.2% during the fourth quarter. Cerity Partners LLC now owns 25,337 shares of the bank’s stock worth $766,000 after buying an additional 4,773 shares in the last quarter. Finally, Sequoia Financial Advisors LLC increased its stake in Woori Financial Group by 7.2% in the 4th quarter. Sequoia Financial Advisors LLC now owns 23,260 shares of the bank’s stock worth $703,000 after acquiring an additional 1,565 shares during the last quarter. 17.79% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

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

Woori Financial Group Price Performance

WF stock opened at $31.87 on Tuesday. The firm has a 50 day simple moving average of $32.30 and a two-hundred day simple moving average of $30.72. The stock has a market cap of $7.89 billion, a PE ratio of 4.27, a P/E/G ratio of 0.39 and a beta of 1.05. Woori Financial Group Inc. has a one year low of $24.94 and a one year high of $36.17. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.05 and a quick ratio of 1.05.

Woori Financial Group (NYSE:WF) last posted its quarterly earnings data on Thursday, February 29th. The bank reported $0.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.94 by ($0.88). Woori Financial Group had a return on equity of 7.37% and a net margin of 10.81%. The company had revenue of $2.13 billion for the quarter. On average, analysts predict that Woori Financial Group Inc. will post 8.02 EPS for the current fiscal year.

Woori Financial Group Increases Dividend

The company also recently disclosed a semi-annual dividend, which was paid on Wednesday, February 28th. Investors of record on Thursday, February 29th were issued a dividend of $1.4465 per share. This represents a dividend yield of 5.5%. This is a boost from Woori Financial Group’s previous semi-annual dividend of $0.37. The ex-dividend date was Wednesday, February 28th. Woori Financial Group’s dividend payout ratio (DPR) is currently 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.