Meritage Portfolio Management Increases Position in Woori Financial Group Inc. (NYSE:WF)

Meritage Portfolio Management grew its stake in Woori Financial Group Inc. (NYSE:WF - Free Report) by 17.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 170,316 shares of the bank's stock after buying an additional 24,845 shares during the period. Meritage Portfolio Management owned 0.07% of Woori Financial Group worth $6,085,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Acadian Asset Management LLC grew its stake in shares of Woori Financial Group by 149.6% during the 1st quarter. Acadian Asset Management LLC now owns 53,018 shares of the bank's stock worth $1,719,000 after purchasing an additional 31,781 shares during the period. Renaissance Technologies LLC raised its position in shares of Woori Financial Group by 108.9% in the second quarter. Renaissance Technologies LLC now owns 63,300 shares of the bank's stock worth $2,028,000 after acquiring an additional 33,000 shares during the period. Natixis Advisors LLC boosted its stake in shares of Woori Financial Group by 28.0% during the 2nd quarter. Natixis Advisors LLC now owns 18,381 shares of the bank's stock worth $589,000 after acquiring an additional 4,019 shares in the last quarter. Creative Planning grew its position in shares of Woori Financial Group by 15.0% during the 2nd quarter. Creative Planning now owns 120,380 shares of the bank's stock valued at $3,857,000 after acquiring an additional 15,741 shares during the period. Finally, Allspring Global Investments Holdings LLC purchased a new position in shares of Woori Financial Group in the 3rd quarter valued at about $60,000. 17.79% of the stock is owned by hedge funds and other institutional investors.

Woori Financial Group Price Performance

Shares of Woori Financial Group stock traded down $0.45 on Friday, reaching $34.24. The company's stock had a trading volume of 43,211 shares, compared to its average volume of 68,093. The stock has a 50-day moving average price of $35.56 and a 200-day moving average price of $33.72. Woori Financial Group Inc. has a 52-week low of $27.60 and a 52-week high of $38.05. The company 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. The company has a quick ratio of 0.12, a current ratio of 0.12 and a debt-to-equity ratio of 0.86.

Woori Financial Group (NYSE:WF - Get Free Report) last released its earnings results on Wednesday, August 14th. The bank reported $2.53 EPS for the quarter, topping analysts' consensus estimates of $2.18 by $0.35. The business 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%. Analysts expect that Woori Financial Group Inc. will post 8.59 EPS for the current year.

Woori Financial Group 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.