ABN Amro Investment Solutions Purchases New Stake in Mitsubishi UFJ Financial Group, Inc. $MUFG

ABN Amro Investment Solutions acquired a new stake in Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG) during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 452,000 shares of the company’s stock, valued at approximately $6,201,000.

A number of other institutional investors have also recently added to or reduced their stakes in the business. MQS Management LLC lifted its stake in shares of Mitsubishi UFJ Financial Group by 6.5% in the second quarter. MQS Management LLC now owns 12,247 shares of the company’s stock valued at $168,000 after buying an additional 744 shares in the last quarter. Rehmann Capital Advisory Group grew 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 purchasing an additional 761 shares in the last quarter. Huntington National Bank raised its holdings in shares of Mitsubishi UFJ Financial Group by 6.1% in the 2nd quarter. Huntington National Bank now owns 13,427 shares of the company’s stock valued at $184,000 after acquiring an additional 772 shares in the last quarter. Evergreen Capital Management LLC grew its position in Mitsubishi UFJ Financial Group by 0.9% in the first quarter. Evergreen Capital Management LLC now owns 87,011 shares of the company’s stock worth $1,186,000 after acquiring an additional 796 shares in the last quarter. Finally, Cetera Trust Company N.A grew its position in Mitsubishi UFJ Financial Group by 2.5% during the second quarter. Cetera Trust Company N.A now owns 33,020 shares of the company’s stock valued at $453,000 after acquiring an additional 800 shares during the last quarter. 13.59% of the stock is owned by institutional investors.

Mitsubishi UFJ Financial Group Price Performance

Shares of MUFG stock opened at $15.44 on Friday. The company’s 50-day simple moving average is $15.38 and its two-hundred day simple moving average is $14.43. The company has a market capitalization of $186.33 billion, a P/E ratio of 14.30, a P/E/G ratio of 1.09 and a beta of 0.37. Mitsubishi UFJ Financial Group, Inc. has a one year low of $10.46 and a one year high of $16.24. The company has a debt-to-equity ratio of 1.86, a current ratio of 0.89 and a quick ratio of 0.89.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the company. Zacks Research raised Mitsubishi UFJ Financial Group from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, August 26th. Wall Street Zen raised Mitsubishi UFJ Financial Group from a “sell” rating to a “hold” rating in a research report on Saturday, August 9th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Mitsubishi UFJ Financial Group in a research report on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, Mitsubishi UFJ Financial Group presently has an average 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.