Vident Advisory LLC Increases Holdings in Mitsubishi UFJ Financial Group, Inc. $MUFG

Vident Advisory LLC raised its stake in shares of Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG – Free Report) by 17.8% in the first quarter, Holdings Channel.com reports. The institutional investor owned 236,216 shares of the company’s stock after buying an additional 35,661 shares during the quarter. Vident Advisory LLC’s holdings in Mitsubishi UFJ Financial Group were worth $3,220,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC purchased a new stake in Mitsubishi UFJ Financial Group during the 1st quarter valued at $143,000. Allspring Global Investments Holdings LLC raised its stake in Mitsubishi UFJ Financial Group by 5.6% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 88,180 shares of the company’s stock valued at $1,163,000 after buying an additional 4,664 shares during the last quarter. Nisa Investment Advisors LLC purchased a new stake in Mitsubishi UFJ Financial Group during the 1st quarter valued at $41,000. Sowell Financial Services LLC purchased a new stake in Mitsubishi UFJ Financial Group during the 1st quarter valued at $183,000. Finally, Cetera Investment Advisers raised its stake in Mitsubishi UFJ Financial Group by 10.9% during the 1st quarter. Cetera Investment Advisers now owns 141,984 shares of the company’s stock valued at $1,935,000 after buying an additional 13,904 shares during the last quarter. 13.59% of the stock is currently owned by hedge funds and other institutional investors.

Mitsubishi UFJ Financial Group Stock Down 0.6%

MUFG opened at $15.31 on Monday. The company has a debt-to-equity ratio of 1.86, a quick ratio of 0.89 and a current ratio of 0.89. Mitsubishi UFJ Financial Group, Inc. has a fifty-two week low of $9.85 and a fifty-two week high of $16.16. The firm’s fifty day moving average is $14.28 and its 200 day moving average is $13.46. The stock has a market cap of $184.70 billion, a price-to-earnings ratio of 14.17, a price-to-earnings-growth ratio of 1.40 and a beta of 0.39.

Mitsubishi UFJ Financial Group (NYSE:MUFG – Get Free Report) last released its 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 net margin of 13.95% and a return on equity of 9.35%. The company had revenue of $22.10 billion for the quarter, compared to analysts’ expectations of $9.86 billion. On average, sell-side analysts forecast that Mitsubishi UFJ Financial Group, Inc. will post 0.99 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

MUFG has been the topic of several analyst reports. Zacks Research upgraded shares of Mitsubishi UFJ Financial Group from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, August 26th. Wall Street Zen upgraded shares of Mitsubishi UFJ Financial Group from a “sell” rating to a “hold” rating in a research note on Saturday, August 9th. One investment analyst has rated the stock with a Strong Buy rating, Based on data from MarketBeat.com, the company has a consensus rating of “Strong Buy”.

Get Our Latest Analysis on MUFG

Mitsubishi UFJ Financial Group Company Profile

(Free Report)

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.

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