Advisors Preferred LLC Acquires Shares of 29,976 Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG)

Advisors Preferred LLC purchased a new stake 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 SEC. The fund purchased 29,976 shares of the company's stock, valued at approximately $399,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Wealth Enhancement Advisory Services LLC bought a new stake in Mitsubishi UFJ Financial Group during the 1st quarter valued at $143,000. Allspring Global Investments Holdings LLC grew its stake in shares of Mitsubishi UFJ Financial Group by 5.6% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 88,180 shares of the company's stock worth $1,163,000 after acquiring an additional 4,664 shares in the last quarter. Nisa Investment Advisors LLC bought a new stake in shares of Mitsubishi UFJ Financial Group in the 1st quarter worth $41,000. Sowell Financial Services LLC bought a new stake in shares of Mitsubishi UFJ Financial Group in the 1st quarter worth $183,000. Finally, Rockefeller Capital Management L.P. grew its stake in shares of Mitsubishi UFJ Financial Group by 182.6% in the 4th quarter. Rockefeller Capital Management L.P. now owns 152,526 shares of the company's stock worth $1,787,000 after acquiring an additional 98,562 shares in the last quarter. Institutional investors own 13.59% of the company's stock.

Wall Street Analyst Weigh In

Separately, Wall Street Zen upgraded shares of Mitsubishi UFJ Financial Group from a "sell" rating to a "hold" rating in a research note on Saturday, June 14th.

Mitsubishi UFJ Financial Group Stock Performance

NYSE MUFG traded up $0.25 during trading on Thursday, hitting $14.80. 3,930,782 shares of the company's stock traded hands, compared to its average volume of 3,519,106. The business has a 50 day moving average of $13.71 and a 200-day moving average of $13.00. Mitsubishi UFJ Financial Group, Inc. has a 12-month low of $8.75 and a 12-month high of $15.03. The stock has a market capitalization of $178.54 billion, a price-to-earnings ratio of 14.09, a PEG ratio of 0.96 and a beta of 0.39. The company has a debt-to-equity ratio of 2.57, a quick ratio of 1.01 and a current ratio of 1.01.

Mitsubishi UFJ Financial Group (NYSE:MUFG - Get Free Report) last issued its quarterly earnings results on Thursday, May 15th. The company reported $0.13 EPS for the quarter, beating analysts' consensus estimates of $0.03 by $0.10. The business had revenue of $22.91 billion for the quarter, compared to analysts' expectations of $6.47 billion. Mitsubishi UFJ Financial Group had a net margin of 13.70% and a return on equity of 9.45%. As a group, equities research analysts anticipate that Mitsubishi UFJ Financial Group, Inc. will post 0.99 earnings per share for the current fiscal year.

Mitsubishi UFJ Financial Group 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.