Mitsubishi UFJ Financial Group, Inc. $MUFG Shares Purchased by Compound Planning Inc.

Key Points

• Compound Planning Inc. increased its ownership in Mitsubishi UFJ Financial Group by 18.6% in Q1, acquiring an additional 18,962 shares, bringing its total holdings to 120,974 shares valued at approximately $1.65 million.
• Mitsubishi UFJ Financial Group's stock rose by 1.8% and reported an earnings per share (EPS) of $0.32, exceeding analyst expectations of $0.29.
• Wall Street Zen upgraded Mitsubishi UFJ Financial Group from a "sell" to a "hold" rating, reflecting a more favorable outlook on the stock's performance.

Compound Planning Inc. grew its position in Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG - Free Report) by 18.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 120,974 shares of the company's stock after acquiring an additional 18,962 shares during the quarter. Compound Planning Inc.'s holdings in Mitsubishi UFJ Financial Group were worth $1,649,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Commerce Bank lifted its position 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 acquiring an additional 878 shares in the last quarter. Alaethes Wealth LLC lifted its position in shares of Mitsubishi UFJ Financial Group by 0.4% in the fourth quarter. Alaethes Wealth LLC now owns 214,817 shares of the company's stock valued at $2,518,000 after acquiring an additional 951 shares in the last quarter. May Hill Capital LLC lifted its position in shares of Mitsubishi UFJ Financial Group by 9.3% in the first quarter. May Hill Capital LLC now owns 11,258 shares of the company's stock valued at $153,000 after acquiring an additional 961 shares in the last quarter. Lindbrook Capital LLC lifted its position in shares of Mitsubishi UFJ Financial Group by 3.2% in the first quarter. Lindbrook Capital LLC now owns 31,495 shares of the company's stock valued at $429,000 after acquiring an additional 983 shares in the last quarter. Finally, Wedmont Private Capital lifted its position in shares of Mitsubishi UFJ Financial Group by 3.9% in the first quarter. Wedmont Private Capital now owns 29,658 shares of the company's stock valued at $404,000 after acquiring an additional 1,126 shares in the last quarter. Hedge funds and other institutional investors own 13.59% of the company's stock.

Mitsubishi UFJ Financial Group Trading Down 1.6%

MUFG stock traded down $0.25 during midday trading on Wednesday, hitting $15.30. 3,607,763 shares of the company's stock were exchanged, compared to its average volume of 5,838,535. The business has a 50-day simple moving average of $14.17 and a two-hundred day simple moving average of $13.39. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 1.86. The stock has a market capitalization of $184.58 billion, a PE ratio of 14.16, a P/E/G ratio of 1.41 and a beta of 0.42. Mitsubishi UFJ Financial Group, Inc. has a 1-year low of $9.85 and a 1-year high of $16.16.

Mitsubishi UFJ Financial Group (NYSE:MUFG - Get Free Report) last posted its earnings results on Monday, August 4th. The company reported $0.32 earnings per share (EPS) for the quarter, topping the consensus estimate 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 company had revenue of $22.10 billion during the quarter, compared to analysts' expectations of $9.86 billion. On average, sell-side analysts predict that Mitsubishi UFJ Financial Group, Inc. will post 0.99 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen upgraded Mitsubishi UFJ Financial Group from a "sell" rating to a "hold" rating in a research report on Saturday, August 9th.

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.