AlphaCore Capital LLC Buys Shares of 17,550 Mitsubishi UFJ Financial Group, Inc. $MUFG

AlphaCore Capital LLC purchased a new position in shares of Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 17,550 shares of the company’s stock, valued at approximately $241,000.

Several other institutional investors and hedge funds have also modified their holdings of MUFG. MQS Management LLC grew its position in 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 acquiring an additional 744 shares during the last quarter. Rehmann Capital Advisory Group boosted its stake in shares of Mitsubishi UFJ Financial Group by 1.1% in 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 grew its holdings in shares of Mitsubishi UFJ Financial Group by 6.1% during the 2nd quarter. Huntington National Bank now owns 13,427 shares of the company’s stock valued at $184,000 after purchasing an additional 772 shares during the last quarter. Evergreen Capital Management LLC grew its holdings in shares of Mitsubishi UFJ Financial Group by 0.9% during the 1st quarter. Evergreen Capital Management LLC now owns 87,011 shares of the company’s stock valued at $1,186,000 after purchasing an additional 796 shares during the last quarter. Finally, Cetera Trust Company N.A increased its position in Mitsubishi UFJ Financial Group by 2.5% during the 2nd quarter. Cetera Trust Company N.A now owns 33,020 shares of the company’s stock worth $453,000 after purchasing an additional 800 shares in the last quarter. 13.59% of the stock is currently owned by institutional investors.

Mitsubishi UFJ Financial Group Stock Up 1.2%

Mitsubishi UFJ Financial Group stock opened at $15.38 on Tuesday. The company has a debt-to-equity ratio of 1.86, a quick ratio of 0.89 and a current ratio of 0.89. Mitsubishi UFJ Financial Group, Inc. has a 52-week low of $10.46 and a 52-week high of $16.24. The firm has a 50 day moving average price of $15.34 and a two-hundred day moving average price of $14.60. The firm has a market cap of $185.54 billion, a price-to-earnings ratio of 14.24, a PEG ratio of 1.09 and a beta of 0.37.

Mitsubishi UFJ Financial Group (NYSE:MUFG) last announced its earnings results on Friday, November 14th. The company reported $0.44 earnings per share for the quarter, topping analysts’ consensus estimates of $0.34 by $0.10. The business had revenue of $23.61 billion during the quarter, compared to the consensus estimate of $9.19 billion. Mitsubishi UFJ Financial Group had a net margin of 13.95% and a return on equity of 9.35%. Equities analysts predict that Mitsubishi UFJ Financial Group, Inc. will post 0.99 EPS for the current year.

Wall Street Analysts Forecast Growth

MUFG has been the topic of a number of research analyst reports. Zacks Research upgraded shares of Mitsubishi UFJ Financial Group from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, August 26th. Weiss Ratings reissued a “hold (c)” rating on shares of Mitsubishi UFJ Financial Group in a report on Wednesday, October 8th. Finally, Wall Street Zen upgraded Mitsubishi UFJ Financial Group from a “sell” rating to a “hold” rating in a research report on Saturday, August 9th. One equities research analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the stock 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.