UBS Group AG Increases Stock Position in Mitsubishi UFJ Financial Group, Inc. $MUFG

UBS Group AG boosted its position in shares of Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG) by 48.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,350,819 shares of the company’s stock after purchasing an additional 772,272 shares during the period. UBS Group AG’s holdings in Mitsubishi UFJ Financial Group were worth $37,284,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Westside Investment Management Inc. boosted its position in Mitsubishi UFJ Financial Group by 100.0% in the 3rd quarter. Westside Investment Management Inc. now owns 1,846 shares of the company’s stock valued at $29,000 after buying an additional 923 shares during the last quarter. JPL Wealth Management LLC purchased a new stake in shares of Mitsubishi UFJ Financial Group during the third quarter worth about $34,000. Redmont Wealth Advisors LLC purchased a new stake in shares of Mitsubishi UFJ Financial Group during the third quarter worth about $35,000. Sound Income Strategies LLC lifted its stake in shares of Mitsubishi UFJ Financial Group by 716.4% in the fourth quarter. Sound Income Strategies LLC now owns 2,482 shares of the company’s stock worth $39,000 after acquiring an additional 2,178 shares in the last quarter. Finally, CWM LLC lifted its stake in shares of Mitsubishi UFJ Financial Group by 188.9% in the third quarter. CWM LLC now owns 3,504 shares of the company’s stock worth $56,000 after acquiring an additional 2,291 shares in the last quarter. Hedge funds and other institutional investors own 13.59% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on MUFG shares. Weiss Ratings upgraded Mitsubishi UFJ Financial Group from a “hold (c)” rating to a “buy (b-)” rating in a research note on Thursday, February 5th. UBS Group raised Mitsubishi UFJ Financial Group to a “strong-buy” rating in a research report on Thursday, January 22nd. One 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 company. According to MarketBeat, Mitsubishi UFJ Financial Group currently has a consensus rating of “Buy”.

Mitsubishi UFJ Financial Group Stock Performance

Shares of Mitsubishi UFJ Financial Group stock opened at $18.01 on Friday. Mitsubishi UFJ Financial Group, Inc. has a 1 year low of $12.31 and a 1 year high of $20.15. The firm’s 50-day simple moving average is $17.50 and its 200-day simple moving average is $16.97. The firm has a market cap of $213.68 billion, a PE ratio of 15.79, a price-to-earnings-growth ratio of 0.80 and a beta of 0.40.

Mitsubishi UFJ Financial Group (NYSE:MUFG) last posted its quarterly earnings results on Wednesday, February 4th. The company reported $0.32 EPS for the quarter, topping analysts’ consensus estimates of $0.30 by $0.02. Mitsubishi UFJ Financial Group had a return on equity of 9.58% and a net margin of 13.87%. On average, equities analysts predict that Mitsubishi UFJ Financial Group, Inc. will post 1.23 earnings per share for the current year.

Mitsubishi UFJ Financial Group Company Profile

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.