First Horizon Advisors Inc. Acquires 4,411 Shares of Mitsubishi UFJ Financial Group, Inc. $MUFG

First Horizon Advisors Inc. grew its holdings in shares of Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG) by 2,464.2% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 4,590 shares of the company’s stock after buying an additional 4,411 shares during the period. First Horizon Advisors Inc.’s holdings in Mitsubishi UFJ Financial Group were worth $63,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of the stock. Opal Wealth Advisors LLC acquired a new position in shares of Mitsubishi UFJ Financial Group during the 2nd quarter valued at $31,000. Caitong International Asset Management Co. Ltd acquired a new stake in Mitsubishi UFJ Financial Group in the first quarter worth $32,000. Ameritas Advisory Services LLC bought a new stake in Mitsubishi UFJ Financial Group in the second quarter valued at $36,000. Nisa Investment Advisors LLC acquired a new position in shares of Mitsubishi UFJ Financial Group during the first quarter valued at about $41,000. Finally, NewSquare Capital LLC boosted its position in shares of Mitsubishi UFJ Financial Group by 162.6% during the 2nd quarter. NewSquare Capital LLC now owns 3,723 shares of the company’s stock worth $51,000 after purchasing an additional 2,305 shares in the last quarter. Institutional investors and hedge funds own 13.59% of the company’s stock.

Mitsubishi UFJ Financial Group Stock Performance

Shares of MUFG opened at $15.23 on Tuesday. The firm has a market capitalization of $183.79 billion, a P/E ratio of 14.10, a P/E/G ratio of 1.09 and a beta of 0.37. Mitsubishi UFJ Financial Group, Inc. has a 52 week low of $10.46 and a 52 week high of $16.24. The stock has a 50 day moving average price of $15.37 and a two-hundred day moving average price of $14.39. The company has a debt-to-equity ratio of 1.86, a quick ratio of 0.89 and a current ratio of 0.89.

Analyst Ratings Changes

Several brokerages have recently commented on MUFG. Zacks Research upgraded Mitsubishi UFJ Financial Group from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, August 26th. Wall Street Zen upgraded Mitsubishi UFJ Financial Group from a “sell” rating to a “hold” rating in a report on Saturday, August 9th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Mitsubishi UFJ Financial Group in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy”.

Mitsubishi UFJ Financial Group 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.