13,410 Shares in Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG) Acquired by Merit Financial Group LLC

Merit Financial Group LLC purchased a new position in shares of Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 13,410 shares of the company’s stock, valued at approximately $183,000.

A number of other institutional investors also recently made changes to their positions in the stock. Alaethes Wealth LLC boosted its stake in Mitsubishi UFJ Financial Group by 0.4% during the fourth quarter. Alaethes Wealth LLC now owns 214,817 shares of the company’s stock valued at $2,518,000 after buying an additional 951 shares in the last quarter. EntryPoint Capital LLC increased its position in Mitsubishi UFJ Financial Group by 6.9% in the 4th quarter. EntryPoint Capital LLC now owns 15,595 shares of the company’s stock worth $183,000 after purchasing an additional 1,002 shares during the last quarter. Private Advisor Group LLC increased its holdings in Mitsubishi UFJ Financial Group by 1.6% in the fourth quarter. Private Advisor Group LLC now owns 66,349 shares of the company’s stock worth $778,000 after buying an additional 1,040 shares during the last quarter. Stratos Wealth Partners LTD. increased its stake in shares of Mitsubishi UFJ Financial Group by 7.7% during the 4th quarter. Stratos Wealth Partners LTD. now owns 16,700 shares of the company’s stock worth $196,000 after purchasing an additional 1,192 shares during the last quarter. Finally, Addison Advisors LLC raised its holdings in Mitsubishi UFJ Financial Group by 26.0% during the fourth quarter. Addison Advisors LLC now owns 6,129 shares of the company’s stock valued at $72,000 after buying an additional 1,263 shares in the last quarter. 13.59% of the stock is owned by institutional investors and hedge funds.

Mitsubishi UFJ Financial Group Stock Performance

MUFG opened at $13.60 on Friday. Mitsubishi UFJ Financial Group, Inc. has a 12-month low of $8.75 and a 12-month high of $15.03. 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 firm has a market capitalization of $164.17 billion, a P/E ratio of 12.48, a price-to-earnings-growth ratio of 1.16 and a beta of 0.42. The stock’s 50 day moving average price is $12.85 and its two-hundred day moving average price is $12.62.

Mitsubishi UFJ Financial Group (NYSE:MUFG) last announced its earnings results on Thursday, May 15th. The company reported $0.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.03 by $0.10. Mitsubishi UFJ Financial Group had a net margin of 14.19% and a return on equity of 9.27%. The business had revenue of $22.91 billion for the quarter, compared to analyst estimates of $6.47 billion. On average, equities analysts forecast that Mitsubishi UFJ Financial Group, Inc. will post 0.99 earnings per share for the current year.

Wall Street Analyst Weigh In

Separately, Wall Street Zen upgraded Mitsubishi UFJ Financial Group from a “sell” rating to a “hold” rating in a report on Saturday.

About Mitsubishi UFJ Financial Group

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.