Mitsubishi UFJ Financial Group, Inc. $MUFG Shares Acquired by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. increased its stake in Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG) by 85.7% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 156,413 shares of the company’s stock after purchasing an additional 72,183 shares during the quarter. Sumitomo Mitsui Trust Group Inc.’s holdings in Mitsubishi UFJ Financial Group were worth $2,493,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also made changes to their positions in the company. Opal Wealth Advisors LLC purchased a new stake in shares of Mitsubishi UFJ Financial Group during the 2nd quarter worth about $31,000. Ameritas Advisory Services LLC acquired a new stake in shares of Mitsubishi UFJ Financial Group in the second quarter worth about $36,000. True Wealth Design LLC bought a new stake in shares of Mitsubishi UFJ Financial Group during the 3rd quarter worth about $49,000. CWM LLC lifted its holdings in Mitsubishi UFJ Financial Group by 188.9% in the 3rd quarter. CWM LLC now owns 3,504 shares of the company’s stock worth $56,000 after purchasing an additional 2,291 shares during the last quarter. Finally, NewSquare Capital LLC raised its position in shares of Mitsubishi UFJ Financial Group by 162.6% in the second quarter. NewSquare Capital LLC now owns 3,723 shares of the company’s stock valued at $51,000 after purchasing an additional 2,305 shares during the period. Hedge funds and other institutional investors own 13.59% of the company’s stock.

Mitsubishi UFJ Financial Group Price Performance

Shares of NYSE MUFG opened at $18.90 on Monday. The stock has a market capitalization of $224.30 billion, a PE ratio of 16.88, a P/E/G ratio of 1.42 and a beta of 0.35. The company has a debt-to-equity ratio of 1.39, a current ratio of 0.85 and a quick ratio of 0.89. Mitsubishi UFJ Financial Group, Inc. has a fifty-two week low of $10.46 and a fifty-two week high of $18.90. The business has a fifty day moving average price of $16.05 and a two-hundred day moving average price of $15.32.

Mitsubishi UFJ Financial Group (NYSE:MUFG) last issued its quarterly earnings data on Monday, December 29th. The company reported $0.35 earnings per share for the quarter. The business had revenue of $9.78 billion for the quarter. Mitsubishi UFJ Financial Group had a return on equity of 9.39% and a net margin of 13.98%. As a group, equities analysts predict that Mitsubishi UFJ Financial Group, Inc. will post 0.99 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages recently issued reports on MUFG. Zacks Research lowered shares of 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 research note on Wednesday, October 8th. Two analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock currently 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.