Ritholtz Wealth Management Raises Stock Holdings in Mitsubishi UFJ Financial Group, Inc. $MUFG

Ritholtz Wealth Management raised its holdings in Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG) by 33.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 254,813 shares of the company’s stock after purchasing an additional 64,194 shares during the period. Ritholtz Wealth Management’s holdings in Mitsubishi UFJ Financial Group were worth $4,062,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the business. Fisher Asset Management LLC grew its stake in Mitsubishi UFJ Financial Group by 17.4% in the 2nd quarter. Fisher Asset Management LLC now owns 89,513,174 shares of the company’s stock valued at $1,228,121,000 after acquiring an additional 13,275,383 shares during the period. SCS Capital Management LLC lifted its position in shares of Mitsubishi UFJ Financial Group by 482.0% in the second quarter. SCS Capital Management LLC now owns 1,107,229 shares of the company’s stock valued at $15,191,000 after acquiring an additional 916,992 shares in the last quarter. Westfield Capital Management Co. LP acquired a new position in Mitsubishi UFJ Financial Group in the 2nd quarter valued at $8,369,000. Massar Capital Management LP acquired a new stake in Mitsubishi UFJ Financial Group during the 2nd quarter worth $8,129,000. Finally, ABN Amro Investment Solutions acquired a new stake in Mitsubishi UFJ Financial Group during the 2nd quarter worth $6,201,000. 13.59% of the stock is owned by institutional investors and hedge funds.

Mitsubishi UFJ Financial Group Trading Up 1.4%

Shares of MUFG stock opened at $18.90 on Friday. Mitsubishi UFJ Financial Group, Inc. has a twelve month low of $10.46 and a twelve month high of $18.90. The stock has a market cap of $224.30 billion, a price-to-earnings ratio of 16.88, a PEG ratio of 1.40 and a beta of 0.35. The company’s 50-day moving average price is $16.05 and its 200-day moving average price is $15.30. The company has a current ratio of 0.85, a quick ratio of 0.89 and a debt-to-equity ratio of 1.39.

Mitsubishi UFJ Financial Group (NYSE:MUFG) last posted its earnings results on Monday, December 29th. The company reported $0.35 earnings per share for the quarter. The company had revenue of $9.78 billion for the quarter. Mitsubishi UFJ Financial Group had a net margin of 13.98% and a return on equity of 9.39%. As a group, equities analysts predict that Mitsubishi UFJ Financial Group, Inc. will post 0.99 earnings per share for the current year.

Wall Street Analysts Forecast Growth

MUFG has been the topic of several research reports. Weiss Ratings reissued a “hold (c)” rating on shares of Mitsubishi UFJ Financial Group in a research note on Wednesday, October 8th. Zacks Research downgraded shares of Mitsubishi UFJ Financial Group from a “strong-buy” rating to a “hold” rating in a report on Monday, December 1st. Two equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, Mitsubishi UFJ Financial Group currently has a consensus rating of “Hold”.

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.