Meritage Portfolio Management Acquires 24,845 Shares of Woori Financial Group Inc. (NYSE:WF)

Meritage Portfolio Management grew its holdings in shares of Woori Financial Group Inc. (NYSE:WF) by 17.1% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 170,316 shares of the bank’s stock after acquiring an additional 24,845 shares during the period. Meritage Portfolio Management’s holdings in Woori Financial Group were worth $6,085,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of WF. Creative Planning lifted its stake in shares of Woori Financial Group by 29.4% in the third quarter. Creative Planning now owns 155,822 shares of the bank’s stock worth $5,568,000 after acquiring an additional 35,442 shares during the period. Acadian Asset Management LLC lifted its position in shares of Woori Financial Group by 78.3% in the 2nd quarter. Acadian Asset Management LLC now owns 94,538 shares of the bank’s stock worth $3,026,000 after purchasing an additional 41,520 shares during the period. CWA Asset Management Group LLC bought a new stake in shares of Woori Financial Group in the 3rd quarter valued at $3,046,000. O Shaughnessy Asset Management LLC increased its position in shares of Woori Financial Group by 5.2% during the first quarter. O Shaughnessy Asset Management LLC now owns 84,148 shares of the bank’s stock worth $2,729,000 after buying an additional 4,179 shares during the period. Finally, Vanguard Personalized Indexing Management LLC raised its stake in Woori Financial Group by 4.2% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 66,927 shares of the bank’s stock worth $2,131,000 after buying an additional 2,721 shares during the last quarter. Institutional investors and hedge funds own 17.79% of the company’s stock.

Woori Financial Group Trading Down 1.3 %

WF traded down $0.45 during trading on Friday, reaching $34.24. 43,211 shares of the stock traded hands, compared to its average volume of 68,093. The company has a quick ratio of 0.12, a current ratio of 0.12 and a debt-to-equity ratio of 0.86. The stock’s 50-day moving average is $35.56 and its 200 day moving average is $33.69. Woori Financial Group Inc. has a 12 month low of $27.60 and a 12 month high of $38.05. The stock has a market capitalization of $8.48 billion, a PE ratio of 4.39, a P/E/G ratio of 0.36 and a beta of 1.06.

Woori Financial Group (NYSE:WF) last announced its 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 company had revenue of $2.06 billion for the quarter. Woori Financial Group had a return on equity of 7.86% and a net margin of 11.48%. Equities analysts anticipate that Woori Financial Group Inc. will post 8.59 earnings per share 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.