Woori Financial Group (NYSE:WF) Coverage Initiated at Goldman Sachs Group

Analysts at Goldman Sachs Group initiated coverage on shares of Woori Financial Group (NYSE:WF) in a research note issued on Wednesday, The Fly reports. The brokerage set a “neutral” rating on the bank’s stock.

Separately, ValuEngine upgraded shares of Woori Financial Group from a “sell” rating to a “hold” rating in a report on Wednesday, October 2nd.

Shares of WF opened at $29.20 on Wednesday. The company has a market capitalization of $6.81 billion, a PE ratio of 3.83 and a beta of 0.67. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.08 and a current ratio of 1.08. The company’s 50 day moving average price is $30.95 and its 200 day moving average price is $32.38. Woori Financial Group has a 52 week low of $27.59 and a 52 week high of $44.56.

Woori Financial Group (NYSE:WF) last released its earnings results on Thursday, November 14th. The bank reported $1.79 earnings per share (EPS) for the quarter. The company had revenue of $1.48 billion during the quarter. Woori Financial Group had a net margin of 14.94% and a return on equity of 7.81%.

A number of hedge funds and other institutional investors have recently modified their holdings of WF. Parametric Portfolio Associates LLC boosted its stake in Woori Financial Group by 5.3% during the 3rd quarter. Parametric Portfolio Associates LLC now owns 594,116 shares of the bank’s stock valued at $18,542,000 after purchasing an additional 30,116 shares during the period. Aperio Group LLC boosted its stake in Woori Financial Group by 49.5% during the second quarter. Aperio Group LLC now owns 296,125 shares of the bank’s stock worth $10,874,000 after buying an additional 98,076 shares in the last quarter. Bank of America Corp DE boosted its stake in Woori Financial Group by 524.0% during the second quarter. Bank of America Corp DE now owns 212,312 shares of the bank’s stock worth $7,796,000 after buying an additional 178,287 shares in the last quarter. Acadian Asset Management LLC boosted its stake in Woori Financial Group by 202.4% during the second quarter. Acadian Asset Management LLC now owns 25,457 shares of the bank’s stock worth $936,000 after buying an additional 17,040 shares in the last quarter. Finally, Invesco Ltd. bought a new stake in Woori Financial Group in the 2nd quarter valued at $773,000. Hedge funds and other institutional investors own 0.82% of the company’s stock.

Woori Financial Group Company Profile

Woori Financial Group Inc provides commercial banking products and services to retail and individual customers, and corporations. The company offers salary, fixed deposit, savings, and ordinary and business deposit products; and professional, deposit mortgage, apartment, and mortgage loans, as well as corporate operating, facility, and policy loans.

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