Alaethes Wealth LLC Has $2.96 Million Stock Position in Mitsubishi UFJ Financial Group, Inc. $MUFG

by · The Markets Daily

Alaethes Wealth LLC increased its holdings in shares of Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG – Free Report) by 1.1% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 217,110 shares of the company’s stock after acquiring an additional 2,293 shares during the period. Mitsubishi UFJ Financial Group comprises about 1.1% of Alaethes Wealth LLC’s investment portfolio, making the stock its 21st biggest position. Alaethes Wealth LLC’s holdings in Mitsubishi UFJ Financial Group were worth $2,959,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in MUFG. Jane Street Group LLC acquired a new stake in shares of Mitsubishi UFJ Financial Group during the 4th quarter valued at about $1,540,000. Ameriprise Financial Inc. raised its holdings in shares of Mitsubishi UFJ Financial Group by 9.5% in the 4th quarter. Ameriprise Financial Inc. now owns 262,837 shares of the company’s stock worth $3,081,000 after buying an additional 22,804 shares in the last quarter. Cary Street Partners Financial LLC acquired a new position in shares of Mitsubishi UFJ Financial Group in the 4th quarter worth approximately $98,000. Cetera Investment Advisers raised its holdings in shares of Mitsubishi UFJ Financial Group by 3.0% in the 4th quarter. Cetera Investment Advisers now owns 128,080 shares of the company’s stock worth $1,501,000 after buying an additional 3,790 shares in the last quarter. Finally, Ethic Inc. raised its holdings in shares of Mitsubishi UFJ Financial Group by 2.1% in the 4th quarter. Ethic Inc. now owns 212,082 shares of the company’s stock worth $2,486,000 after buying an additional 4,396 shares in the last quarter. 13.59% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on MUFG shares. Zacks Research raised Mitsubishi UFJ Financial Group from a “hold” rating to a “strong-buy” rating in a report on Tuesday, August 26th. Wall Street Zen raised Mitsubishi UFJ Financial Group from a “sell” rating to a “hold” rating in a report on Saturday, August 9th. One equities research analyst has rated the stock with a Strong Buy rating, Based on data from MarketBeat, the company has an average rating of “Strong Buy”.

View Our Latest Research Report on Mitsubishi UFJ Financial Group

Mitsubishi UFJ Financial Group Trading Up 2.0%

MUFG stock opened at $15.58 on Tuesday. The business has a fifty day moving average price of $14.48 and a 200 day moving average price of $13.56. Mitsubishi UFJ Financial Group, Inc. has a fifty-two week low of $9.85 and a fifty-two week high of $16.16. The stock has a market capitalization of $187.95 billion, a price-to-earnings ratio of 14.42, a P/E/G ratio of 1.11 and a beta of 0.39. The company has a debt-to-equity ratio of 1.86, a current ratio of 0.89 and a quick ratio of 0.89.

Mitsubishi UFJ Financial Group (NYSE:MUFG – Get Free Report) 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. Analysts expect that Mitsubishi UFJ Financial Group, Inc. will post 0.99 EPS for the current fiscal year.

About Mitsubishi UFJ Financial Group

(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.

Further Reading

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