Capital Fund Management S.A. Invests $1.43 Million in Mitsubishi UFJ Financial Group, Inc. $MUFG

Key Points

• Capital Fund Management S.A. acquired a new position in Mitsubishi UFJ Financial Group, purchasing 105,016 shares valued at approximately $1,431,000 in the first quarter.
• Several other institutional investors also increased their stakes, with investments ranging from about $32,000 to $98,000 during the same period.
• Analysts raised the stock rating of Mitsubishi UFJ Financial Group from "sell" to "hold", indicating a potential shift in market sentiment.

Capital Fund Management S.A. purchased a new stake in Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 105,016 shares of the company's stock, valued at approximately $1,431,000.

Several other institutional investors have also added to or reduced their stakes in the company. Caitong International Asset Management Co. Ltd acquired a new position in shares of Mitsubishi UFJ Financial Group during the 1st quarter worth $32,000. Nisa Investment Advisors LLC acquired a new position in Mitsubishi UFJ Financial Group during the first quarter worth about $41,000. Financial Management Professionals Inc. raised its stake in Mitsubishi UFJ Financial Group by 116.7% during the first quarter. Financial Management Professionals Inc. now owns 3,257 shares of the company's stock worth $44,000 after acquiring an additional 1,754 shares in the last quarter. Olde Wealth Management LLC acquired a new position in Mitsubishi UFJ Financial Group during the first quarter worth about $87,000. Finally, Cary Street Partners Financial LLC acquired a new position in Mitsubishi UFJ Financial Group during the fourth quarter worth about $98,000. 13.59% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on MUFG. Zacks Research upgraded shares of Mitsubishi UFJ Financial Group from a "hold" rating to a "strong-buy" rating in a research report on Tuesday. Wall Street Zen upgraded shares of Mitsubishi UFJ Financial Group from a "sell" rating to a "hold" rating in a report on Saturday, August 9th. One investment analyst has rated the stock with a Strong Buy rating, According to MarketBeat, Mitsubishi UFJ Financial Group has an average rating of "Strong Buy".

Mitsubishi UFJ Financial Group Trading Up 0.8%

Shares of MUFG traded up $0.12 during trading hours on Thursday, hitting $15.40. 2,944,214 shares of the stock were exchanged, compared to its average volume of 3,596,333. The company has a debt-to-equity ratio of 1.86, a current ratio of 0.89 and a quick ratio of 0.89. The business has a 50-day moving average of $14.25 and a 200-day moving average of $13.43. Mitsubishi UFJ Financial Group, Inc. has a fifty-two week low of $9.85 and a fifty-two week high of $16.16. The firm has a market capitalization of $185.78 billion, a P/E ratio of 14.25, a price-to-earnings-growth ratio of 1.40 and a beta of 0.42.

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

About Mitsubishi UFJ Financial Group

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.