Goldman Sachs Group Inc. grew its position in Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG – Free Report) by 0.8% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 14,011,482 shares of the company’s stock after purchasing an additional 104,327 shares during the period. Goldman Sachs Group Inc. owned approximately 0.12% of Mitsubishi UFJ Financial Group worth $222,222,000 at the end of the most recent quarter.
Other hedge funds have also modified their holdings of the company. Laurel Wealth Advisors LLC acquired a new position in shares of Mitsubishi UFJ Financial Group in the fourth quarter valued at about $26,000. Westside Investment Management Inc. increased its holdings in shares of Mitsubishi UFJ Financial Group by 100.0% in the third quarter. Westside Investment Management Inc. now owns 1,846 shares of the company’s stock valued at $29,000 after purchasing an additional 923 shares during the period. JPL Wealth Management LLC acquired a new position in shares of Mitsubishi UFJ Financial Group in the third quarter valued at about $34,000. Redmont Wealth Advisors LLC acquired a new position in shares of Mitsubishi UFJ Financial Group in the third quarter valued at about $35,000. Finally, Sound Income Strategies LLC increased its holdings in shares of Mitsubishi UFJ Financial Group by 716.4% in the fourth quarter. Sound Income Strategies LLC now owns 2,482 shares of the company’s stock valued at $39,000 after purchasing an additional 2,178 shares during the period. 13.59% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
Separately, Weiss Ratings lowered Mitsubishi UFJ Financial Group from a “buy (b)” rating to a “buy (b-)” rating in a report on Tuesday, May 26th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Buy”.
Mitsubishi UFJ Financial Group Stock Down 0.7%
Shares of MUFG opened at $19.91 on Friday. Mitsubishi UFJ Financial Group, Inc. has a 52 week low of $13.19 and a 52 week high of $20.23. The company has a market capitalization of $236.23 billion, a price-to-earnings ratio of 14.12, a PEG ratio of 0.81 and a beta of 0.40. The stock’s 50-day moving average price is $18.26 and its 200-day moving average price is $17.53.
Mitsubishi UFJ Financial Group (NYSE:MUFG – Get Free Report) last issued its earnings results on Saturday, May 16th. The company reported $0.33 EPS for the quarter, topping analysts’ consensus estimates of $0.20 by $0.13. Mitsubishi UFJ Financial Group had a return on equity of 11.07% and a net margin of 16.65%.The firm had revenue of $15.36 billion for the quarter, compared to the consensus estimate of $9.34 billion. As a group, equities analysts anticipate that Mitsubishi UFJ Financial Group, Inc. will post 1.41 EPS for the current fiscal year.
Mitsubishi UFJ Financial Group Profile
Mitsubishi UFJ Financial Group, Inc (MUFG) is a Tokyo-based financial services holding company and one of Japan’s largest banking groups and among the world’s leading financial institutions. The group was formed through the integration of Mitsubishi Tokyo Financial Group and UFJ Holdings and operates a comprehensive suite of banking and financial services for retail, corporate, and institutional clients. MUFG’s core banking operations are conducted through its commercial banking arm and a network of domestic and international subsidiaries and affiliates.
MUFG offers a broad range of products and services including commercial and retail banking, corporate and investment banking, global transaction banking, trust banking, asset management, securities and brokerage services, credit cards, consumer finance, leasing and custody services.
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