255,000 Shares in Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG) Purchased by Allianz SE

Key Points

• Allianz SE has acquired a new position in Mitsubishi UFJ Financial Group by purchasing 255,000 shares valued at approximately $3.5 million.
• Several institutional investors are increasing their stakes in Mitsubishi UFJ Financial Group, bringing institutional ownership to 13.59% of the company's stock.
• Wall Street analysts have recently downgraded Mitsubishi UFJ Financial Group from a "hold" to a "sell" rating amid forecasts for the company's growth.

Allianz SE purchased a new position in shares of Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 255,000 shares of the company's stock, valued at approximately $3,476,000.

A number of other institutional investors also recently added to or reduced their stakes in MUFG. Nisa Investment Advisors LLC acquired a new position in Mitsubishi UFJ Financial Group in the first quarter valued at about $41,000. Financial Management Professionals Inc. raised its stake in shares of Mitsubishi UFJ Financial Group by 116.7% in the first quarter. Financial Management Professionals Inc. now owns 3,257 shares of the company's stock valued at $44,000 after acquiring an additional 1,754 shares during the last quarter. Olde Wealth Management LLC acquired a new position in shares of Mitsubishi UFJ Financial Group in the 1st quarter worth approximately $87,000. Cary Street Partners Financial LLC bought a new stake in Mitsubishi UFJ Financial Group during the 4th quarter worth approximately $98,000. Finally, Paradigm Asset Management Co. LLC acquired a new stake in Mitsubishi UFJ Financial Group during the 1st quarter valued at $122,000. 13.59% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen lowered Mitsubishi UFJ Financial Group from a "hold" rating to a "sell" rating in a research note on Saturday, July 26th.

Mitsubishi UFJ Financial Group Stock Up 0.2%

Shares of NYSE MUFG opened at $13.93 on Monday. Mitsubishi UFJ Financial Group, Inc. has a 12-month low of $8.75 and a 12-month high of $15.03. The firm's 50-day simple moving average is $13.76 and its 200 day simple moving average is $13.10. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 2.57. The company has a market cap of $168.10 billion, a price-to-earnings ratio of 13.27, a price-to-earnings-growth ratio of 0.92 and a beta of 0.42.

Mitsubishi UFJ Financial Group (NYSE:MUFG - Get Free Report) last announced its earnings results on Thursday, May 15th. The company reported $0.13 earnings per share for the quarter, topping analysts' consensus estimates of $0.03 by $0.10. Mitsubishi UFJ Financial Group had a net margin of 13.70% and a return on equity of 9.45%. The company had revenue of $22.91 billion during the quarter, compared to the consensus estimate of $6.47 billion. On average, research analysts expect that Mitsubishi UFJ Financial Group, Inc. will post 0.99 earnings per share for the current fiscal year.

Mitsubishi UFJ Financial Group Company 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.