AlphaCore Capital LLC Has $1.36 Million Stock Position in Mitsubishi UFJ Financial Group, Inc. $MUFG

AlphaCore Capital LLC increased its stake in shares of Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG) by 387.6% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 85,581 shares of the company’s stock after acquiring an additional 68,031 shares during the period. AlphaCore Capital LLC’s holdings in Mitsubishi UFJ Financial Group were worth $1,364,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of MUFG. Seven Mile Advisory raised its stake in shares of Mitsubishi UFJ Financial Group by 4.7% during the 2nd quarter. Seven Mile Advisory now owns 15,543 shares of the company’s stock worth $213,000 after purchasing an additional 702 shares in the last quarter. EWA LLC increased its holdings in Mitsubishi UFJ Financial Group by 1.1% during the third quarter. EWA LLC now owns 66,054 shares of the company’s stock worth $1,053,000 after buying an additional 740 shares during the last quarter. Huntington National Bank raised its position in Mitsubishi UFJ Financial Group by 6.1% during the second quarter. Huntington National Bank now owns 13,427 shares of the company’s stock worth $184,000 after acquiring an additional 772 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its stake in Mitsubishi UFJ Financial Group by 1.8% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 45,584 shares of the company’s stock valued at $625,000 after acquiring an additional 788 shares during the last quarter. Finally, Cetera Trust Company N.A lifted its stake in Mitsubishi UFJ Financial Group by 2.5% in 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 currently owned by institutional investors.

Mitsubishi UFJ Financial Group Stock Up 1.7%

MUFG opened at $18.95 on Friday. The stock has a fifty day moving average of $17.84 and a 200-day moving average of $16.28. The company has a market capitalization of $224.89 billion, a P/E ratio of 16.62, a P/E/G ratio of 1.40 and a beta of 0.35. Mitsubishi UFJ Financial Group, Inc. has a fifty-two week low of $10.46 and a fifty-two week high of $20.15. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.89 and a current ratio of 0.85.

Mitsubishi UFJ Financial Group (NYSE:MUFG) last released its quarterly earnings results on Wednesday, February 4th. The company reported $0.32 EPS for the quarter, topping analysts’ consensus estimates of $0.30 by $0.02. Mitsubishi UFJ Financial Group had a net margin of 13.87% and a return on equity of 9.58%. The business had revenue of ($1,075.42) million for the quarter, compared to analyst estimates of $9.30 billion. On average, equities analysts expect that Mitsubishi UFJ Financial Group, Inc. will post 0.99 EPS for the current year.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on MUFG. UBS Group raised shares of Mitsubishi UFJ Financial Group to a “strong-buy” rating in a report on Thursday, January 22nd. Zacks Research downgraded Mitsubishi UFJ Financial Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 1st. Finally, Weiss Ratings raised Mitsubishi UFJ Financial Group from a “hold (c)” rating to a “buy (b-)” rating in a research report on Thursday, February 5th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, Mitsubishi UFJ Financial Group has an average rating of “Buy”.

About Mitsubishi UFJ Financial Group

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.