HB Wealth Management LLC Has $1.44 Million Stake in Mitsubishi UFJ Financial Group, Inc. $MUFG

HB Wealth Management LLC grew its holdings in shares of Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG) by 229.5% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 90,504 shares of the company’s stock after acquiring an additional 63,038 shares during the period. HB Wealth Management LLC’s holdings in Mitsubishi UFJ Financial Group were worth $1,443,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in MUFG. Fisher Asset Management LLC increased its holdings in Mitsubishi UFJ Financial Group by 17.4% in the second quarter. Fisher Asset Management LLC now owns 89,513,174 shares of the company’s stock worth $1,228,121,000 after purchasing an additional 13,275,383 shares in the last quarter. Envestnet Asset Management Inc. increased its stake in shares of Mitsubishi UFJ Financial Group by 0.6% in the 2nd quarter. Envestnet Asset Management Inc. now owns 4,848,779 shares of the company’s stock valued at $66,525,000 after acquiring an additional 28,680 shares in the last quarter. Raymond James Financial Inc. lifted its position in shares of Mitsubishi UFJ Financial Group by 3.3% during the 2nd quarter. Raymond James Financial Inc. now owns 2,870,737 shares of the company’s stock valued at $39,386,000 after acquiring an additional 92,220 shares during the period. American Century Companies Inc. boosted its stake in Mitsubishi UFJ Financial Group by 11.2% during the second quarter. American Century Companies Inc. now owns 2,158,689 shares of the company’s stock worth $29,617,000 after acquiring an additional 217,215 shares in the last quarter. Finally, Quantinno Capital Management LP grew its holdings in Mitsubishi UFJ Financial Group by 21.7% in the second quarter. Quantinno Capital Management LP now owns 1,323,481 shares of the company’s stock worth $18,158,000 after purchasing an additional 236,395 shares during the period. Institutional investors own 13.59% of the company’s stock.

Mitsubishi UFJ Financial Group Stock Up 1.9%

Shares of NYSE:MUFG opened at $17.09 on Monday. The business’s 50 day moving average is $15.75 and its 200 day moving average is $15.17. Mitsubishi UFJ Financial Group, Inc. has a 12-month low of $10.46 and a 12-month high of $17.14. The stock has a market cap of $202.83 billion, a price-to-earnings ratio of 15.26, a PEG ratio of 1.28 and a beta of 0.35. The company has a quick ratio of 0.89, a current ratio of 0.85 and a debt-to-equity ratio of 1.39.

Mitsubishi UFJ Financial Group (NYSE:MUFG) last released its quarterly earnings results on Monday, December 29th. The company reported $0.35 EPS for the quarter. The business had revenue of $9.78 billion during the quarter. Mitsubishi UFJ Financial Group had a return on equity of 9.39% and a net margin of 13.98%. On average, sell-side analysts forecast that Mitsubishi UFJ Financial Group, Inc. will post 0.99 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on MUFG shares. Zacks Research lowered Mitsubishi UFJ Financial Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 1st. Weiss Ratings restated a “hold (c)” rating on shares of Mitsubishi UFJ Financial Group in a report on Wednesday, October 8th. Two equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock has a consensus rating of “Hold”.

Mitsubishi UFJ Financial Group Profile

Mitsubishi UFJ Financial Group, Inc (MUFG) is a Tokyo-based financial services holding company and one of Japan’s largest banking groups and among the world’s leading financial institutions. The group was formed through the integration of Mitsubishi Tokyo Financial Group and UFJ Holdings and operates a comprehensive suite of banking and financial services for retail, corporate, and institutional clients. MUFG’s core banking operations are conducted through its commercial banking arm and a network of domestic and international subsidiaries and affiliates.

MUFG offers a broad range of products and services including commercial and retail banking, corporate and investment banking, global transaction banking, trust banking, asset management, securities and brokerage services, credit cards, consumer finance, leasing and custody services.