Cordatus Wealth Management LLC Buys New Stake in Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG)

Key Points

• Cordatus Wealth Management LLC has acquired a new position in Mitsubishi UFJ Financial Group, purchasing 44,116 shares valued at approximately $601,000 in the first quarter.
• Mitsubishi UFJ Financial Group reported $0.13 EPS for the most recent quarter, significantly beating estimates, with revenue of $22.91 billion compared to expectations of $6.47 billion.
• Analysts at Wall Street Zen have downgraded Mitsubishi UFJ Financial Group from a "hold" rating to a "sell" rating as of late July.

Cordatus Wealth Management LLC bought a new stake in Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 44,116 shares of the company's stock, valued at approximately $601,000.

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 shares of Mitsubishi UFJ Financial Group during the first quarter worth about $143,000. Allspring Global Investments Holdings LLC boosted its holdings in 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 buying an additional 4,664 shares during the period. Nisa Investment Advisors LLC purchased a new stake in shares of Mitsubishi UFJ Financial Group during the first quarter worth $41,000. Sowell Financial Services LLC purchased a new stake in Mitsubishi UFJ Financial Group in the 1st quarter worth approximately $183,000. Finally, Rockefeller Capital Management L.P. lifted its stake in 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 purchasing an additional 98,562 shares in the last quarter. Institutional investors and hedge funds own 13.59% of the company's stock.

Mitsubishi UFJ Financial Group Trading Up 0.2%

Shares of MUFG stock traded up $0.03 during mid-day trading on Friday, reaching $13.93. The stock had a trading volume of 4,872,798 shares, compared to its average volume of 3,674,169. The stock's 50-day moving average price is $13.76 and its two-hundred day moving average price is $13.09. Mitsubishi UFJ Financial Group, Inc. has a 52-week low of $8.75 and a 52-week high of $15.03. The firm has a market capitalization of $168.10 billion, a PE ratio of 13.27, a price-to-earnings-growth ratio of 0.92 and a beta of 0.42. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 2.57.

Mitsubishi UFJ Financial Group (NYSE:MUFG - Get Free Report) last released its quarterly earnings data on Thursday, May 15th. The company reported $0.13 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $22.91 billion for the quarter, compared to analysts' expectations of $6.47 billion. Equities analysts expect that Mitsubishi UFJ Financial Group, Inc. will post 0.99 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen lowered 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 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.