Pekin Hardy Strauss Inc. Has $3.68 Million Stock Holdings in Mitsubishi UFJ Financial Group, Inc. $MUFG

Pekin Hardy Strauss Inc. trimmed its position in shares of Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG) by 3.1% during the 2nd quarter, HoldingsChannel reports. The fund owned 267,957 shares of the company’s stock after selling 8,568 shares during the quarter. Pekin Hardy Strauss Inc.’s holdings in Mitsubishi UFJ Financial Group were worth $3,676,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently modified their holdings of MUFG. National Bank of Canada FI acquired a new stake in shares of Mitsubishi UFJ Financial Group during the 1st quarter worth approximately $12,534,000. Natixis Advisors LLC boosted its stake in Mitsubishi UFJ Financial Group by 9.2% during the first quarter. Natixis Advisors LLC now owns 10,756,565 shares of the company’s stock worth $146,612,000 after buying an additional 905,674 shares in the last quarter. Northern Trust Corp boosted its stake in Mitsubishi UFJ Financial Group by 8.4% during the first quarter. Northern Trust Corp now owns 11,407,268 shares of the company’s stock worth $155,481,000 after buying an additional 885,189 shares in the last quarter. 1832 Asset Management L.P. increased its holdings in Mitsubishi UFJ Financial Group by 3,965.4% in the 1st quarter. 1832 Asset Management L.P. now owns 713,069 shares of the company’s stock valued at $9,719,000 after buying an additional 695,529 shares during the period. Finally, Federation des caisses Desjardins du Quebec raised its stake in shares of Mitsubishi UFJ Financial Group by 30,337.9% in the 1st quarter. Federation des caisses Desjardins du Quebec now owns 675,722 shares of the company’s stock valued at $9,210,000 after buying an additional 673,502 shares in the last quarter. Institutional investors own 13.59% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. Wall Street Zen upgraded shares of Mitsubishi UFJ Financial Group from a “sell” rating to a “hold” rating in a research report on Saturday, August 9th. Zacks Research upgraded Mitsubishi UFJ Financial Group from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, August 26th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Mitsubishi UFJ Financial Group in a report on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Buy”.

Mitsubishi UFJ Financial Group Stock Performance

NYSE:MUFG opened at $15.10 on Friday. The stock has a market capitalization of $182.22 billion, a P/E ratio of 13.98, a price-to-earnings-growth ratio of 1.09 and a beta of 0.37. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 1.86. Mitsubishi UFJ Financial Group, Inc. has a 1 year low of $10.46 and a 1 year high of $16.24. The firm has a 50 day moving average of $15.38 and a 200-day moving average of $14.32.

Mitsubishi UFJ Financial Group (NYSE:MUFG) last released its quarterly earnings results on Monday, August 4th. The company reported $0.32 earnings per share for the quarter, beating analysts’ consensus estimates of $0.29 by $0.03. Mitsubishi UFJ Financial Group had a return on equity of 9.35% and a net margin of 13.95%.The firm had revenue of $22.10 billion during the quarter, compared to analysts’ expectations of $9.86 billion. As a group, sell-side analysts anticipate that Mitsubishi UFJ Financial Group, Inc. will post 0.99 EPS for the current fiscal year.

About Mitsubishi UFJ Financial Group

Mitsubishi UFJ Financial Group, Inc operates as the bank holding company, that engages in a range of financial businesses in Japan, the United States, Europe, Asia/Oceania, and internationally. It operates through seven segments: Digital Service, Retail & Commercial Banking, Japanese Corporate & Investment Banking, Global Commercial Banking, Asset Management & Investor Services, Global Corporate & Investment Banking, and Global Markets.