Vise Technologies Inc. raised its position in Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG – Free Report) by 17.4% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 441,400 shares of the company’s stock after purchasing an additional 65,559 shares during the quarter. Vise Technologies Inc.’s holdings in Mitsubishi UFJ Financial Group were worth $10,183,000 at the end of the most recent quarter.
Several other hedge funds also recently bought and sold shares of the company. Elevation Wealth Partners LLC acquired a new stake in shares of Mitsubishi UFJ Financial Group in the 2nd quarter valued at $25,000. V Square Quantitative Management LLC bought a new stake in Mitsubishi UFJ Financial Group in the third quarter worth $32,000. Laurel Wealth Advisors LLC acquired a new position in Mitsubishi UFJ Financial Group during the third quarter worth $38,000. Signature Equity Partners LLC raised its holdings in Mitsubishi UFJ Financial Group by 73.0% during the first quarter. Signature Equity Partners LLC now owns 1,697 shares of the company’s stock valued at $29,000 after buying an additional 716 shares in the last quarter. Finally, Whipplewood Advisors LLC bought a new stake in shares of Mitsubishi UFJ Financial Group during the 1st quarter worth about $29,000. 13.59% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
MUFG has been the subject of a number of research analyst reports. Weiss Ratings raised shares of Mitsubishi UFJ Financial Group from a “hold (c)” rating to a “buy (b-)” rating in a research report on Friday, September 25th. Zacks Research raised shares of Mitsubishi UFJ Financial Group from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 5th. Two analysts have rated the stock with a Strong Buy rating and three have assigned a Buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Buy”.
View Our Latest Analysis on Mitsubishi UFJ Financial Group
Mitsubishi UFJ Financial Group Stock Down 0.0%
NYSE MUFG opened at $21.55 on Monday. The firm has a market cap of $255.81 billion, a PE ratio of 14.09, a price-to-earnings-growth ratio of 0.80 and a beta of 0.44. Mitsubishi UFJ Financial Group, Inc. has a one year low of $14.88 and a one year high of $24.26. The stock’s 50 day simple moving average is $22.64 and its 200 day simple moving average is $20.15. The company has a debt-to-equity ratio of 1.10, a current ratio of 0.85 and a quick ratio of 0.85.
Mitsubishi UFJ Financial Group (NYSE:MUFG – Get Free Report) last posted its quarterly earnings data on Tuesday, August 4th. The company reported $0.45 earnings per share for the quarter, beating the consensus estimate of $0.35 by $0.10. The firm had revenue of $15.11 billion during the quarter, compared to analysts’ expectations of $10.06 billion. Mitsubishi UFJ Financial Group had a net margin of 17.63% and a return on equity of 12.30%. As a group, sell-side analysts forecast that Mitsubishi UFJ Financial Group, Inc. will post 1.59 earnings per share for the current fiscal year.
Mitsubishi UFJ Financial Group Profile
Mitsubishi UFJ Financial Group, Inc (NYSE: MUFG) is a Japanese financial services holding company headquartered in Tokyo. Established in 2005 through the merger of Mitsubishi Tokyo Financial Group and UFJ Holdings, the group is one of Japan’s largest banking organizations and serves corporate, institutional, government and individual customers.
Through its principal subsidiaries, including MUFG Bank, Mitsubishi UFJ Trust and Banking Corporation and Mitsubishi UFJ Securities Holdings, the company provides commercial and investment banking, trust banking, securities underwriting and brokerage, asset management, credit cards, consumer finance and leasing services.
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