First Trust Direct Indexing L.P. Has $1.26 Million Stock Position in Woori Financial Group Inc. (NYSE:WF)

First Trust Direct Indexing L.P. lifted its position in Woori Financial Group Inc. (NYSE:WF) by 9.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 41,642 shares of the bank’s stock after buying an additional 3,614 shares during the quarter. First Trust Direct Indexing L.P.’s holdings in Woori Financial Group were worth $1,258,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also made changes to their positions in the company. EverSource Wealth Advisors LLC increased its position in shares of Woori Financial Group by 6.2% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 6,976 shares of the bank’s stock worth $191,000 after purchasing an additional 409 shares in the last quarter. Cerity Partners LLC increased its position in Woori Financial Group by 23.2% in the fourth quarter. Cerity Partners LLC now owns 25,337 shares of the bank’s stock worth $766,000 after purchasing an additional 4,773 shares during the period. Sequoia Financial Advisors LLC boosted its stake in shares of Woori Financial Group by 7.2% in the 4th quarter. Sequoia Financial Advisors LLC now owns 23,260 shares of the bank’s stock valued at $703,000 after purchasing an additional 1,565 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its stake in shares of Woori Financial Group by 24.8% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 27,393 shares of the bank’s stock worth $751,000 after buying an additional 5,443 shares during the last quarter. Finally, Blue Trust Inc. boosted its stake in Woori Financial Group by 36.6% in the fourth quarter. Blue Trust Inc. now owns 3,751 shares of the bank’s stock valued at $113,000 after acquiring an additional 1,005 shares during the last quarter. 17.79% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

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

Woori Financial Group Stock Up 1.5 %

NYSE WF traded up $0.46 during trading on Friday, hitting $31.49. The stock had a trading volume of 8,178 shares, compared to its average volume of 49,317. The company has a market capitalization of $7.79 billion, a PE ratio of 4.16, a P/E/G ratio of 0.38 and a beta of 1.05. Woori Financial Group Inc. has a 12 month low of $24.94 and a 12 month high of $36.17. The company’s 50-day moving average price is $32.37 and its two-hundred day moving average price is $30.63. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.07 and a current ratio of 1.05.

Woori Financial Group (NYSE:WF) last released its quarterly earnings results on Thursday, February 29th. The bank reported $0.06 earnings per share for the quarter, missing analysts’ consensus estimates of $0.94 by ($0.88). The business had revenue of $2.13 billion during the quarter. Woori Financial Group had a net margin of 10.81% and a return on equity of 7.31%. As a group, sell-side analysts forecast that Woori Financial Group Inc. will post 8.02 EPS for the current year.

Woori Financial Group Announces Dividend

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

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.