Park Avenue Securities LLC Purchases 41,714 Shares of Mitsubishi UFJ Financial Group, Inc. $MUFG

Park Avenue Securities LLC lifted its position in shares of Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG) by 29.4% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 183,439 shares of the company’s stock after buying an additional 41,714 shares during the period. Park Avenue Securities LLC’s holdings in Mitsubishi UFJ Financial Group were worth $2,909,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Westside Investment Management Inc. boosted its stake in Mitsubishi UFJ Financial Group by 100.0% in the third quarter. Westside Investment Management Inc. now owns 1,846 shares of the company’s stock worth $29,000 after buying an additional 923 shares in the last quarter. JPL Wealth Management LLC purchased a new position in shares of Mitsubishi UFJ Financial Group during the third quarter worth approximately $34,000. Redmont Wealth Advisors LLC bought a new stake in shares of Mitsubishi UFJ Financial Group in the 3rd quarter worth approximately $35,000. True Wealth Design LLC bought a new stake in shares of Mitsubishi UFJ Financial Group in the 3rd quarter worth approximately $49,000. Finally, CWM LLC boosted its stake in shares of Mitsubishi UFJ Financial Group by 188.9% in the 3rd quarter. CWM LLC now owns 3,504 shares of the company’s stock valued at $56,000 after purchasing an additional 2,291 shares in the last quarter. Institutional investors own 13.59% of the company’s stock.

Mitsubishi UFJ Financial Group Stock Down 2.7%

Shares of NYSE MUFG opened at $16.45 on Monday. The company has a quick ratio of 0.89, a current ratio of 0.85 and a debt-to-equity ratio of 1.30. Mitsubishi UFJ Financial Group, Inc. has a 52 week low of $10.46 and a 52 week high of $20.15. The firm’s fifty day moving average is $18.17 and its 200 day moving average is $16.50. The company has a market cap of $195.21 billion, a price-to-earnings ratio of 14.43, a PEG ratio of 0.87 and a beta of 0.33.

Mitsubishi UFJ Financial Group (NYSE:MUFG) last announced its quarterly earnings results on Wednesday, February 4th. The company reported $0.32 earnings per share for the quarter, beating the consensus estimate 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%. On average, equities research analysts expect that Mitsubishi UFJ Financial Group, Inc. will post 0.99 earnings per share for the current year.

Analysts Set New Price Targets

MUFG has been the topic of several recent research reports. Zacks Research lowered shares of Mitsubishi UFJ Financial Group from a “strong-buy” rating to a “hold” rating in a report on Monday, December 1st. Weiss Ratings upgraded shares of Mitsubishi UFJ Financial Group from a “hold (c)” rating to a “buy (b-)” rating in a research report on Thursday, February 5th. Finally, UBS Group raised Mitsubishi UFJ Financial Group to a “strong-buy” rating in a research note on Thursday, January 22nd. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Buy”.

Mitsubishi UFJ Financial Group Company 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.