Woori Financial Group (NYSE:WF) Sets New 52-Week High at $34.49

Woori Financial Group Inc. (NYSE:WFGet Free Report)’s share price reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $34.49 and last traded at $34.47, with a volume of 6989 shares. The stock had previously closed at $33.65.

Wall Street Analysts Forecast Growth

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.

Check Out Our Latest Stock Analysis on Woori Financial Group

Woori Financial Group Trading Up 1.8 %

The stock has a market cap of $8.85 billion, a price-to-earnings ratio of 4.73, a P/E/G ratio of 0.46 and a beta of 1.05. 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 business’s fifty day simple moving average is $31.69 and its 200 day simple moving average is $29.56.

Woori Financial Group Increases Dividend

The firm also recently announced a semi-annual dividend, which was paid on Wednesday, February 28th. Shareholders of record on Thursday, February 29th were paid a dividend of $1.4465 per share. This represents a yield of 5.5%. The ex-dividend date was Wednesday, February 28th. This is a boost from Woori Financial Group’s previous semi-annual dividend of $0.37. Woori Financial Group’s payout ratio is 24.53%.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of WF. Sivia Capital Partners LLC bought a new stake in shares of Woori Financial Group during the fourth quarter worth $263,000. Pathstone Holdings LLC bought a new position in Woori Financial Group during the fourth quarter worth about $589,000. Creative Planning lifted its holdings in shares of Woori Financial Group by 90.7% during the 4th quarter. Creative Planning now owns 76,582 shares of the bank’s stock valued at $2,314,000 after purchasing an additional 36,432 shares in the last quarter. Ethic Inc. lifted its holdings in shares of Woori Financial Group by 7.4% during the 4th quarter. Ethic Inc. now owns 105,803 shares of the bank’s stock valued at $3,197,000 after purchasing an additional 7,261 shares in the last quarter. Finally, Envestnet Asset Management Inc. lifted its stake in Woori Financial Group by 10.3% in the 4th quarter. Envestnet Asset Management Inc. now owns 8,302 shares of the bank’s stock valued at $251,000 after acquiring an additional 773 shares in the last quarter. 1.77% of the stock is currently owned by institutional investors and hedge funds.

Woori Financial Group Company Profile

(Get Free Report)

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.

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