Allianz SE Buys Shares of 255,000 Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG)

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 bought a new stake in Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 255,000 shares of the company's stock, valued at approximately $3,476,000.

A number of other hedge funds have also modified their holdings of the business. PNC Financial Services Group Inc. lifted its stake in Mitsubishi UFJ Financial Group by 12.5% in the first quarter. PNC Financial Services Group Inc. now owns 343,602 shares of the company's stock worth $4,683,000 after acquiring an additional 38,196 shares during the last quarter. Commerce Bank increased its holdings in shares of Mitsubishi UFJ Financial Group by 5.3% in the first quarter. Commerce Bank now owns 17,478 shares of the company's stock valued at $238,000 after purchasing an additional 878 shares during the period. US Bancorp DE increased its holdings in shares of Mitsubishi UFJ Financial Group by 12.5% in the first quarter. US Bancorp DE now owns 371,814 shares of the company's stock valued at $5,068,000 after purchasing an additional 41,238 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management acquired a new position in shares of Mitsubishi UFJ Financial Group during the 1st quarter worth $137,000. Finally, Cordatus Wealth Management LLC acquired a new stake in Mitsubishi UFJ Financial Group in the first quarter valued at $601,000. 13.59% of the stock is currently owned by hedge funds and other institutional investors.

Mitsubishi UFJ Financial Group Stock Performance

Shares of NYSE MUFG traded up $0.26 during trading on Thursday, reaching $14.36. The stock had a trading volume of 1,988,003 shares, compared to its average volume of 6,078,446. The company has a debt-to-equity ratio of 1.86, a quick ratio of 1.01 and a current ratio of 0.89. The stock has a market cap of $173.23 billion, a PE ratio of 13.29, a P/E/G ratio of 1.37 and a beta of 0.42. Mitsubishi UFJ Financial Group, Inc. has a one year low of $9.51 and a one year high of $15.03. The firm's 50 day moving average price is $13.77 and its two-hundred day moving average price is $13.12.

Mitsubishi UFJ Financial Group (NYSE:MUFG - Get Free Report) last announced its quarterly earnings results on Monday, August 4th. The company reported $0.32 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.29 by $0.03. The company had revenue of $22.10 billion during the quarter, compared to analyst estimates of $9.86 billion. Mitsubishi UFJ Financial Group had a return on equity of 9.35% and a net margin of 13.95%. On average, research analysts forecast that Mitsubishi UFJ Financial Group, Inc. will post 0.99 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

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

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.