Summit Global Investments Decreases Stake in Woori Financial Group Inc. (NYSE:WF)

Summit Global Investments reduced its holdings in shares of Woori Financial Group Inc. (NYSE:WF) by 6.8% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 27,077 shares of the bank’s stock after selling 1,967 shares during the quarter. Summit Global Investments’ holdings in Woori Financial Group were worth $967,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of WF. Allspring Global Investments Holdings LLC bought a new position in Woori Financial Group during the 3rd quarter valued at about $60,000. GAMMA Investing LLC raised its holdings in shares of Woori Financial Group by 61.1% during the third quarter. GAMMA Investing LLC now owns 2,739 shares of the bank’s stock valued at $98,000 after purchasing an additional 1,039 shares during the last quarter. Aprio Wealth Management LLC bought a new stake in Woori Financial Group in the 3rd quarter worth approximately $218,000. Atomi Financial Group Inc. purchased a new stake in Woori Financial Group during the 3rd quarter valued at $241,000. Finally, EverSource Wealth Advisors LLC lifted its holdings in shares of Woori Financial Group by 9.1% during the 1st quarter. EverSource Wealth Advisors LLC now owns 8,943 shares of the bank’s stock valued at $279,000 after buying an additional 746 shares during the period. 17.79% of the stock is owned by hedge funds and other institutional investors.

Woori Financial Group Stock Performance

Shares of WF opened at $34.24 on Friday. Woori Financial Group Inc. has a one year low of $27.60 and a one year high of $38.05. The business has a fifty day moving average of $35.56 and a 200 day moving average of $33.69. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.12 and a quick ratio of 0.12. The firm has a market capitalization of $8.48 billion, a P/E ratio of 4.39, a PEG ratio of 0.36 and a beta of 1.06.

Woori Financial Group (NYSE:WF) last released its quarterly earnings results on Wednesday, August 14th. The bank reported $2.53 EPS for the quarter, beating the consensus estimate of $2.18 by $0.35. The firm had revenue of $2.06 billion during the quarter. Woori Financial Group had a net margin of 11.48% and a return on equity of 7.86%. As a group, sell-side analysts anticipate that Woori Financial Group Inc. will post 8.59 EPS for the current year.

About Woori Financial Group

Woori Financial Group Inc, a financial holding company, operates as a commercial bank that provides a range of financial products and services to individuals, corporations, and small- and medium-sized enterprises in Korea. It operates through Banking, Credit Card, Capital, Investment Banking, and Others segments.