Moran Wealth Management LLC raised its position in shares of Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG – Free Report) by 8.6% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 528,104 shares of the company’s stock after acquiring an additional 41,636 shares during the period. Moran Wealth Management LLC’s holdings in Mitsubishi UFJ Financial Group were worth $8,962,000 at the end of the most recent reporting period.
A number of other institutional investors also recently modified their holdings of the company. Tudor Investment Corp ET AL raised its position in Mitsubishi UFJ Financial Group by 834.1% in the 3rd quarter. Tudor Investment Corp ET AL now owns 534,118 shares of the company’s stock valued at $8,514,000 after purchasing an additional 476,941 shares during the last quarter. Natixis Advisors LLC grew its holdings in shares of Mitsubishi UFJ Financial Group by 14.9% during the third quarter. Natixis Advisors LLC now owns 13,240,940 shares of the company’s stock worth $211,061,000 after purchasing an additional 1,718,759 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Mitsubishi UFJ Financial Group by 180.1% during the third quarter. JPMorgan Chase & Co. now owns 2,162,410 shares of the company’s stock worth $34,469,000 after purchasing an additional 1,390,497 shares during the last quarter. XY Capital Ltd acquired a new stake in shares of Mitsubishi UFJ Financial Group in the third quarter valued at $1,751,000. Finally, Capital Wealth Planning LLC raised its holdings in shares of Mitsubishi UFJ Financial Group by 31.7% in the third quarter. Capital Wealth Planning LLC now owns 1,066,591 shares of the company’s stock valued at $17,001,000 after buying an additional 256,565 shares during the last quarter. Institutional investors own 13.59% of the company’s stock.
Wall Street Analysts Forecast Growth
Several research analysts recently issued reports on MUFG shares. Mitsubishi UFJ Financial Group began coverage on shares of Mitsubishi UFJ Financial Group in a research report on Thursday, June 25th. They set a “buy” rating on the stock. Weiss Ratings upgraded shares of Mitsubishi UFJ Financial Group from a “buy (b-)” rating to a “buy (b)” rating in a research report on Tuesday. Finally, Erste Group Bank began coverage on shares of Mitsubishi UFJ Financial Group in a research note on Thursday, June 25th. They issued a “buy” rating for the company. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy”.
Mitsubishi UFJ Financial Group Stock Performance
Shares of MUFG opened at $20.65 on Friday. The business’s fifty day moving average price is $19.30 and its two-hundred day moving average price is $18.17. The firm has a market capitalization of $245.07 billion, a price-to-earnings ratio of 14.65, a PEG ratio of 0.83 and a beta of 0.39. Mitsubishi UFJ Financial Group, Inc. has a 52 week low of $13.19 and a 52 week high of $21.17.
Mitsubishi UFJ Financial Group (NYSE:MUFG – Get Free Report) last released its earnings results on Saturday, May 16th. The company reported $0.33 earnings per share 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 company had revenue of $15.36 billion during the quarter, compared to the consensus estimate of $9.34 billion. As a group, research analysts forecast that Mitsubishi UFJ Financial Group, Inc. will post 1.43 EPS for the current year.
Mitsubishi UFJ Financial Group Company 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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