Ameritas Advisory Services LLC Makes New $36,000 Investment in Mitsubishi UFJ Financial Group, Inc. $MUFG

Ameritas Advisory Services LLC acquired a new position in Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG) in the second quarter, according to the company in its most recent filing with the SEC. The firm acquired 2,613 shares of the company’s stock, valued at approximately $36,000.

A number of other hedge funds also recently modified their holdings of MUFG. Wealth Enhancement Advisory Services LLC bought a new position in shares of Mitsubishi UFJ Financial Group during the 1st quarter worth approximately $143,000. Goldman Sachs Group Inc. raised its position in Mitsubishi UFJ Financial Group by 2.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 12,652,332 shares of the company’s stock valued at $172,451,000 after purchasing an additional 288,583 shares during the last quarter. Allspring Global Investments Holdings LLC raised its position in Mitsubishi UFJ Financial Group by 5.6% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 88,180 shares of the company’s stock valued at $1,163,000 after purchasing an additional 4,664 shares during the last quarter. Nisa Investment Advisors LLC bought a new position in Mitsubishi UFJ Financial Group in the 1st quarter valued at $41,000. Finally, SCS Capital Management LLC bought a new position in Mitsubishi UFJ Financial Group in the 1st quarter valued at $2,593,000. Institutional investors own 13.59% of the company’s stock.

Mitsubishi UFJ Financial Group Stock Up 1.1%

NYSE:MUFG opened at $14.99 on Wednesday. Mitsubishi UFJ Financial Group, Inc. has a 1 year low of $10.15 and a 1 year high of $16.24. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 1.86. The stock has a market cap of $180.83 billion, a price-to-earnings ratio of 13.88, a PEG ratio of 1.08 and a beta of 0.38. The stock has a 50-day moving average price of $15.40 and a two-hundred day moving average price of $13.93.

Mitsubishi UFJ Financial Group (NYSE:MUFG) last posted its earnings results on Monday, August 4th. The company reported $0.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.29 by $0.03. Mitsubishi UFJ Financial Group had a return on equity of 9.35% and a net margin of 13.95%.The firm had revenue of $22.10 billion during the quarter, compared to analysts’ expectations of $9.86 billion. As a group, equities analysts expect that Mitsubishi UFJ Financial Group, Inc. will post 0.99 earnings per share for the current year.

Analyst Ratings Changes

MUFG has been the subject of several research analyst reports. Weiss Ratings reiterated a “hold (c)” rating on shares of Mitsubishi UFJ Financial Group in a research report on Wednesday, October 8th. Wall Street Zen upgraded Mitsubishi UFJ Financial Group from a “sell” rating to a “hold” rating in a research report on Saturday, August 9th. Finally, Zacks Research raised Mitsubishi UFJ Financial Group from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, August 26th. One investment analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Buy”.

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.