Sumitomo Mitsui Trust Group Inc. Buys Shares of 84,230 Mitsubishi UFJ Financial Group, Inc. $MUFG

Sumitomo Mitsui Trust Group Inc. purchased a new position in shares of Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 84,230 shares of the company’s stock, valued at approximately $1,156,000.

Other large investors have also made changes to their positions in the company. RNC Capital Management LLC lifted its stake in shares of Mitsubishi UFJ Financial Group by 13.5% in the second quarter. RNC Capital Management LLC now owns 49,220 shares of the company’s stock valued at $675,000 after purchasing an additional 5,870 shares during the period. Rehmann Capital Advisory Group lifted its position in shares of Mitsubishi UFJ Financial Group by 1.1% during the 2nd quarter. Rehmann Capital Advisory Group now owns 69,804 shares of the company’s stock valued at $958,000 after acquiring an additional 761 shares during the period. Exencial Wealth Advisors LLC boosted its stake in shares of Mitsubishi UFJ Financial Group by 6.7% during the 2nd quarter. Exencial Wealth Advisors LLC now owns 184,019 shares of the company’s stock worth $2,525,000 after acquiring an additional 11,621 shares in the last quarter. Wallace Advisory Group LLC boosted its stake in shares of Mitsubishi UFJ Financial Group by 18.4% during the 2nd quarter. Wallace Advisory Group LLC now owns 19,559 shares of the company’s stock worth $267,000 after acquiring an additional 3,040 shares in the last quarter. Finally, Jackson Thornton Wealth Management LLC acquired a new stake in shares of Mitsubishi UFJ Financial Group in the 2nd quarter worth approximately $152,000. Hedge funds and other institutional investors own 13.59% of the company’s stock.

Mitsubishi UFJ Financial Group Price Performance

MUFG stock opened at $15.16 on Friday. Mitsubishi UFJ Financial Group, Inc. has a 52-week low of $10.46 and a 52-week high of $16.24. The stock’s fifty day simple moving average is $15.40 and its 200-day simple moving average is $14.22. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 1.86. The stock has a market capitalization of $182.89 billion, a price-to-earnings ratio of 14.03, a price-to-earnings-growth ratio of 1.09 and a beta of 0.38.

Mitsubishi UFJ Financial Group (NYSE:MUFG) last released its earnings results on Monday, August 4th. The company reported $0.32 EPS for the quarter, beating the consensus estimate 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 analyst estimates of $9.86 billion. Equities research analysts expect that Mitsubishi UFJ Financial Group, Inc. will post 0.99 EPS for the current year.

Wall Street Analysts Forecast Growth

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