Woori Financial Group Inc. (NYSE:WF – Get Free Report)’s share price was up 2% on Thursday . The stock traded as high as $35.92 and last traded at $35.36. Approximately 8,819 shares were traded during mid-day trading, a decline of 82% from the average daily volume of 50,158 shares. The stock had previously closed at $34.68.
Analysts Set New Price Targets
Separately, Bank of America upgraded 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 1.8 %
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 company has a market capitalization of $8.85 billion, a price-to-earnings ratio of 4.73, a PEG ratio of 0.44 and a beta of 1.05. The firm has a 50-day moving average price of $31.55 and a two-hundred day moving average price of $29.52.
Woori Financial Group Increases Dividend
The firm also recently declared a semi-annual dividend, which was paid on Wednesday, February 28th. Stockholders of record on Thursday, February 29th were paid a dividend of $1.4465 per share. This is a boost from Woori Financial Group’s previous semi-annual dividend of $0.37. This represents a dividend yield of 5.5%. The ex-dividend date of this dividend was Wednesday, February 28th. Woori Financial Group’s dividend payout ratio (DPR) is currently 24.53%.
Institutional Inflows and Outflows
Several large investors have recently added to or reduced their stakes in WF. Raymond James & Associates bought a new position in shares of Woori Financial Group in the first quarter valued at about $363,000. Sequoia Financial Advisors LLC raised its holdings in Woori Financial Group by 62.5% in the 1st quarter. Sequoia Financial Advisors LLC now owns 12,417 shares of the bank’s stock valued at $468,000 after acquiring an additional 4,778 shares during the period. Thomas White International Ltd. lifted its position in Woori Financial Group by 0.3% during the first quarter. Thomas White International Ltd. now owns 162,413 shares of the bank’s stock worth $6,116,000 after acquiring an additional 485 shares during the last quarter. Northern Trust Corp lifted its position in Woori Financial Group by 2.4% during the first quarter. Northern Trust Corp now owns 20,265 shares of the bank’s stock worth $763,000 after acquiring an additional 480 shares during the last quarter. Finally, UBS Group AG boosted its holdings in shares of Woori Financial Group by 12.8% during the first quarter. UBS Group AG now owns 3,156 shares of the bank’s stock worth $119,000 after acquiring an additional 359 shares during the period. Institutional investors and hedge funds own 1.77% of the company’s stock.
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.