Curi RMB Capital LLC Invests $5.33 Million in Mitsubishi UFJ Financial Group, Inc. $MUFG

Key Points

• Curi RMB Capital LLC has acquired a new stake in Mitsubishi UFJ Financial Group, buying 391,244 shares valued at approximately $5.33 million.
• Mitsubishi UFJ Financial Group's stock recently opened at $15.38, with a one-year price range from $9.85 to $16.16 and a market capitalization of $185.54 billion.
• Several analysts have upgraded Mitsubishi UFJ Financial Group's rating, with Zacks Research moving it from "hold" to "strong-buy" and current average rating denoting a strong buy.

Curi RMB Capital LLC purchased a new stake in Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG - Free Report) during the first quarter, according to its most recent filing with the SEC. The fund purchased 391,244 shares of the company's stock, valued at approximately $5,333,000.

Other large investors have also recently made changes to their positions in the company. AQR Capital Management LLC lifted its position in Mitsubishi UFJ Financial Group by 43.8% during the first quarter. AQR Capital Management LLC now owns 334,909 shares of the company's stock valued at $4,565,000 after purchasing an additional 101,930 shares during the period. Advisors Asset Management Inc. increased its holdings in shares of Mitsubishi UFJ Financial Group by 4.3% during the 1st quarter. Advisors Asset Management Inc. now owns 55,202 shares of the company's stock worth $752,000 after buying an additional 2,280 shares during the last quarter. Aprio Wealth Management LLC increased its holdings in Mitsubishi UFJ Financial Group by 46.9% in the 1st quarter. Aprio Wealth Management LLC now owns 36,472 shares of the company's stock valued at $497,000 after purchasing an additional 11,639 shares during the last quarter. Federation des caisses Desjardins du Quebec increased its holdings in Mitsubishi UFJ Financial Group by 30,337.9% in the 1st quarter. Federation des caisses Desjardins du Quebec now owns 675,722 shares of the company's stock valued at $9,210,000 after purchasing an additional 673,502 shares during the last quarter. Finally, Baird Financial Group Inc. acquired a new position in shares of Mitsubishi UFJ Financial Group during the first quarter worth $1,216,000. 13.59% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. Wall Street Zen raised shares of Mitsubishi UFJ Financial Group from a "sell" rating to a "hold" rating in a research report on Saturday, August 9th. Zacks Research upgraded shares of Mitsubishi UFJ Financial Group from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, August 26th. One analyst has rated the stock with a Strong Buy rating, According to data from MarketBeat.com, Mitsubishi UFJ Financial Group has a consensus rating of "Strong Buy".

Mitsubishi UFJ Financial Group Stock Performance

Shares of Mitsubishi UFJ Financial Group stock traded up $0.24 during trading hours on Wednesday, reaching $15.80. The company's stock had a trading volume of 879,313 shares, compared to its average volume of 5,736,364. The company's 50 day simple moving average is $14.51 and its 200 day simple moving average is $13.57. The company has a debt-to-equity ratio of 1.86, a quick ratio of 0.89 and a current ratio of 0.89. Mitsubishi UFJ Financial Group, Inc. has a one year low of $9.85 and a one year high of $16.16. The stock has a market cap of $190.61 billion, a P/E ratio of 14.63, a price-to-earnings-growth ratio of 1.14 and a beta of 0.39.

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