Principal Securities Inc. Purchases 3,816 Shares of Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG)

Principal Securities Inc. raised its stake in shares of Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG) by 55.8% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 10,652 shares of the company’s stock after acquiring an additional 3,816 shares during the period. Principal Securities Inc.’s holdings in Mitsubishi UFJ Financial Group were worth $125,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Venturi Wealth Management LLC grew its position in Mitsubishi UFJ Financial Group by 72.8% during the third quarter. Venturi Wealth Management LLC now owns 5,292 shares of the company’s stock valued at $54,000 after buying an additional 2,229 shares during the period. Wilmington Savings Fund Society FSB bought a new position in Mitsubishi UFJ Financial Group during the third quarter valued at approximately $55,000. Versant Capital Management Inc purchased a new position in shares of Mitsubishi UFJ Financial Group in the 4th quarter worth $71,000. Golden State Wealth Management LLC bought a new stake in shares of Mitsubishi UFJ Financial Group in the 4th quarter valued at approximately $111,000. Finally, Eagle Bay Advisors LLC increased its position in Mitsubishi UFJ Financial Group by 9.3% during the fourth quarter. Eagle Bay Advisors LLC now owns 10,094 shares of the company’s stock valued at $118,000 after acquiring an additional 858 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 Performance

Shares of Mitsubishi UFJ Financial Group stock opened at $12.89 on Wednesday. The company has a market capitalization of $155.49 billion, a PE ratio of 11.82, a price-to-earnings-growth ratio of 1.16 and a beta of 0.61. Mitsubishi UFJ Financial Group, Inc. has a 52 week low of $8.75 and a 52 week high of $13.34. The company has a quick ratio of 0.92, a current ratio of 0.90 and a debt-to-equity ratio of 2.06. The stock’s fifty day moving average is $12.23 and its two-hundred day moving average is $11.34.

Mitsubishi UFJ Financial Group (NYSE:MUFG) last announced its quarterly earnings results on Tuesday, February 4th. The company reported $0.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.19 by $0.09. Mitsubishi UFJ Financial Group had a return on equity of 9.27% and a net margin of 14.19%. As a group, analysts expect that Mitsubishi UFJ Financial Group, Inc. will post 0.99 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered Mitsubishi UFJ Financial Group from a “hold” rating to a “sell” rating in a research report on Tuesday.

Mitsubishi UFJ Financial Group Company Profile

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.