Moran Wealth Management LLC Grows Stock Holdings in Mitsubishi UFJ Financial Group, Inc. $MUFG

Moran Wealth Management LLC increased its stake in shares of Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG) by 37.6% during the fourth quarter, Holdings Channel reports. The institutional investor owned 486,468 shares of the company’s stock after acquiring an additional 132,841 shares during the period. Moran Wealth Management LLC’s holdings in Mitsubishi UFJ Financial Group were worth $7,715,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Merit Financial Group LLC boosted its holdings in Mitsubishi UFJ Financial Group by 13.8% during the fourth quarter. Merit Financial Group LLC now owns 17,238 shares of the company’s stock worth $273,000 after buying an additional 2,084 shares in the last quarter. Nations Financial Group Inc. IA ADV acquired a new position in Mitsubishi UFJ Financial Group during the fourth quarter worth about $837,000. CWM LLC raised its position in Mitsubishi UFJ Financial Group by 871.0% during the fourth quarter. CWM LLC now owns 34,024 shares of the company’s stock worth $540,000 after acquiring an additional 30,520 shares during the last quarter. Bridgewater Advisors Inc. raised its position in Mitsubishi UFJ Financial Group by 3.0% during the fourth quarter. Bridgewater Advisors Inc. now owns 35,841 shares of the company’s stock worth $568,000 after acquiring an additional 1,056 shares during the last quarter. Finally, Farther Finance Advisors LLC raised its position in Mitsubishi UFJ Financial Group by 58.4% during the fourth quarter. Farther Finance Advisors LLC now owns 109,725 shares of the company’s stock worth $1,740,000 after acquiring an additional 40,441 shares during the last quarter. Hedge funds and other institutional investors own 13.59% of the company’s stock.

Mitsubishi UFJ Financial Group Trading Up 0.8%

Shares of MUFG opened at $18.54 on Friday. The stock has a market cap of $219.97 billion, a P/E ratio of 16.26, a PEG ratio of 0.82 and a beta of 0.38. The company has a 50-day moving average of $17.89 and a two-hundred day moving average of $16.75. Mitsubishi UFJ Financial Group, Inc. has a 12-month low of $11.58 and a 12-month high of $20.15.

Mitsubishi UFJ Financial Group (NYSE:MUFG) last announced its earnings results on Wednesday, February 4th. The company reported $0.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.30 by $0.02. Mitsubishi UFJ Financial Group had a net margin of 13.87% and a return on equity of 9.58%. As a group, analysts forecast that Mitsubishi UFJ Financial Group, Inc. will post 0.99 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

MUFG has been the subject of a number of research reports. Weiss Ratings upgraded shares of Mitsubishi UFJ Financial Group from a “hold (c)” rating to a “buy (b-)” rating in a research report on Thursday, February 5th. UBS Group upgraded shares of Mitsubishi UFJ Financial Group to a “strong-buy” rating in a research report on Thursday, January 22nd. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Buy”.

About Mitsubishi UFJ Financial Group

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.