Rhumbline Advisers Decreases Stock Position in Woori Financial Group Inc. (NYSE:WF)

Rhumbline Advisers lessened its position in Woori Financial Group Inc. (NYSE:WF) by 24.0% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 42,738 shares of the bank’s stock after selling 13,467 shares during the quarter. Rhumbline Advisers’ holdings in Woori Financial Group were worth $1,369,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in WF. Acadian Asset Management LLC increased its holdings in shares of Woori Financial Group by 149.6% in the first quarter. Acadian Asset Management LLC now owns 53,018 shares of the bank’s stock valued at $1,719,000 after purchasing an additional 31,781 shares during the last quarter. Natixis Advisors LLC increased its holdings in shares of Woori Financial Group by 28.0% in the second quarter. Natixis Advisors LLC now owns 18,381 shares of the bank’s stock valued at $589,000 after purchasing an additional 4,019 shares during the last quarter. Parallel Advisors LLC increased its holdings in shares of Woori Financial Group by 19.7% in the fourth quarter. Parallel Advisors LLC now owns 10,430 shares of the bank’s stock valued at $315,000 after purchasing an additional 1,713 shares during the last quarter. Summit Global Investments acquired a new stake in shares of Woori Financial Group in the second quarter valued at approximately $931,000. Finally, Sivia Capital Partners LLC acquired a new stake in shares of Woori Financial Group in the fourth quarter valued at approximately $263,000. Hedge funds and other institutional investors own 17.79% of the company’s stock.

Woori Financial Group Price Performance

NYSE:WF opened at $35.90 on Friday. Woori Financial Group Inc. has a one year low of $26.13 and a one year high of $38.05. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.12 and a current ratio of 0.12. The stock has a market cap of $8.89 billion, a PE ratio of 5.04, a P/E/G ratio of 0.42 and a beta of 1.05. The stock has a 50 day moving average price of $34.69 and a 200 day moving average price of $32.91.

Woori Financial Group (NYSE:WF) last posted 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. Woori Financial Group had a return on equity of 7.86% and a net margin of 11.48%. The firm had revenue of $2.06 billion during the quarter. Equities research analysts expect that Woori Financial Group Inc. will post 8.21 EPS for the current fiscal year.

Woori Financial Group Company Profile

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.