GAMMA Investing LLC Takes $34,000 Position in Woori Financial Group Inc. (NYSE:WF)

GAMMA Investing LLC purchased a new stake in Woori Financial Group Inc. (NYSE:WF) in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 1,101 shares of the bank’s stock, valued at approximately $34,000.

Several other institutional investors and hedge funds also recently made changes to their positions in WF. Miracle Mile Advisors LLC boosted its holdings in Woori Financial Group by 9.0% during the third quarter. Miracle Mile Advisors LLC now owns 10,232 shares of the bank’s stock worth $281,000 after purchasing an additional 848 shares during the last quarter. Advisor Partners II LLC increased its position in Woori Financial Group by 28.1% during the third quarter. Advisor Partners II LLC now owns 17,201 shares of the bank’s stock worth $472,000 after acquiring an additional 3,774 shares during the period. Henry James International Management Inc. increased its position in Woori Financial Group by 17.8% during the third quarter. Henry James International Management Inc. now owns 15,893 shares of the bank’s stock worth $436,000 after acquiring an additional 2,399 shares during the period. Cable Hill Partners LLC increased its holdings in Woori Financial Group by 30.2% in the 3rd quarter. Cable Hill Partners LLC now owns 10,241 shares of the bank’s stock valued at $281,000 after buying an additional 2,374 shares during the period. Finally, First Trust Direct Indexing L.P. increased its holdings in Woori Financial Group by 13.8% in the 3rd quarter. First Trust Direct Indexing L.P. now owns 38,028 shares of the bank’s stock valued at $1,043,000 after buying an additional 4,599 shares during the period. Institutional investors and hedge funds own 17.79% of the company’s stock.

Analyst Ratings Changes

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

Woori Financial Group Stock Up 2.3 %

NYSE:WF opened at $31.73 on Monday. The firm’s 50 day simple moving average is $32.32 and its 200 day simple moving average is $30.69. 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 one year low of $24.94 and a one year high of $36.17. The company has a market cap of $7.85 billion, a PE ratio of 4.25, a P/E/G ratio of 0.39 and a beta of 1.05.

Woori Financial Group (NYSE:WF) last posted its earnings results on Thursday, February 29th. The bank reported $0.06 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 business had revenue of $2.13 billion for the quarter. On average, research analysts anticipate that Woori Financial Group Inc. will post 8.02 earnings per share for the current year.

Woori Financial Group Announces Dividend

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

About Woori Financial Group

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.