Woori Financial Group Inc. (NYSE:WF) to Issue Annual Dividend of $1.19

Woori Financial Group Inc. (NYSE:WF) announced an annual dividend on Tuesday, March 26th, Wall Street Journal reports. Stockholders of record on Monday, April 1st will be paid a dividend of 1.1918 per share by the bank on Thursday, March 28th. This represents a dividend yield of 5.3%. The ex-dividend date of this dividend is Thursday, March 28th.

Woori Financial Group Stock Down 1.3 %

Shares of WF stock opened at $34.27 on Wednesday. The company has a market capitalization of $8.59 billion, a price-to-earnings ratio of 4.59, a PEG ratio of 0.46 and a beta of 1.04. Woori Financial Group has a one year low of $24.94 and a one year high of $36.17. The company’s fifty day moving average price is $32.70 and its 200-day moving average price is $30.06. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.05 and a quick ratio of 1.07.

Woori Financial Group (NYSE:WF) last posted its earnings results on Thursday, February 29th. The bank reported $0.06 earnings per share for the quarter, missing the consensus estimate of $0.94 by ($0.88). The company had revenue of $2.13 billion for the quarter. Woori Financial Group had a net margin of 10.81% and a return on equity of 7.31%. Sell-side analysts expect that Woori Financial Group will post 8.04 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, Bank of America raised shares of Woori Financial Group from a “neutral” rating to a “buy” rating in a research note on Tuesday, January 16th.

Institutional Investors Weigh In On Woori Financial Group

Several institutional investors have recently made changes to their positions in the company. Advisor Partners II LLC bought a new stake in Woori Financial Group during the 4th quarter valued at about $211,000. BNP Paribas Arbitrage SNC lifted its holdings in Woori Financial Group by 1,698.7% during the 2nd quarter. BNP Paribas Arbitrage SNC now owns 6,871 shares of the bank’s stock valued at $185,000 after buying an additional 6,489 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in Woori Financial Group by 27.5% during the 4th quarter. JPMorgan Chase & Co. now owns 5,773 shares of the bank’s stock valued at $159,000 after buying an additional 1,245 shares in the last quarter. UBS Group AG lifted its holdings in Woori Financial Group by 12.8% during the 1st quarter. UBS Group AG now owns 3,156 shares of the bank’s stock valued at $119,000 after buying an additional 359 shares in the last quarter. Finally, Credit Suisse AG bought a new stake in Woori Financial Group during the 2nd quarter valued at about $48,000. Institutional investors own 17.79% of the company’s stock.

About Woori Financial Group

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.