First National Bank of Hutchinson Makes New Investment in Mitsubishi UFJ Financial Group, Inc. $MUFG

First National Bank of Hutchinson bought a new stake in Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG) during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 30,303 shares of the company’s stock, valued at approximately $514,000.

Other institutional investors have also modified their holdings of the company. AQR Capital Management LLC grew its position in shares of Mitsubishi UFJ Financial Group by 43.8% during the first quarter. AQR Capital Management LLC now owns 334,909 shares of the company’s stock worth $4,565,000 after acquiring an additional 101,930 shares during the last quarter. Focus Partners Wealth lifted its position in Mitsubishi UFJ Financial Group by 14.8% in the 1st quarter. Focus Partners Wealth now owns 15,959 shares of the company’s stock valued at $218,000 after purchasing an additional 2,058 shares during the last quarter. Geneos Wealth Management Inc. boosted its stake in Mitsubishi UFJ Financial Group by 245.3% during the 1st quarter. Geneos Wealth Management Inc. now owns 4,790 shares of the company’s stock valued at $65,000 after purchasing an additional 3,403 shares during the period. Acadian Asset Management LLC boosted its stake in Mitsubishi UFJ Financial Group by 104.1% during the 1st quarter. Acadian Asset Management LLC now owns 41,909 shares of the company’s stock valued at $571,000 after purchasing an additional 21,379 shares during the period. Finally, Sivia Capital Partners LLC grew its position in Mitsubishi UFJ Financial Group by 68.8% in the 2nd quarter. Sivia Capital Partners LLC now owns 35,190 shares of the company’s stock worth $483,000 after purchasing an additional 14,347 shares during the last quarter. Institutional investors own 13.59% of the company’s stock.

Mitsubishi UFJ Financial Group Stock Performance

Shares of MUFG opened at $22.50 on Wednesday. The firm has a market capitalization of $266.96 billion, a PE ratio of 15.95, a P/E/G ratio of 0.86 and a beta of 0.39. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 1.75. The firm has a 50-day moving average price of $19.87 and a 200 day moving average price of $18.47. Mitsubishi UFJ Financial Group, Inc. has a 52-week low of $13.19 and a 52-week high of $22.78.

Analyst Ratings Changes

MUFG has been the topic of several analyst reports. Weiss Ratings upgraded shares of Mitsubishi UFJ Financial Group from a “buy (b-)” rating to a “buy (b)” rating in a research note on Tuesday, June 30th. Mitsubishi UFJ Financial Group started coverage on Mitsubishi UFJ Financial Group in a report on Thursday, June 25th. They issued a “buy” rating for the company. Finally, Erste Group Bank began coverage on Mitsubishi UFJ Financial Group in a research report on Thursday, June 25th. They issued a “buy” rating on the stock. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus 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.