DMC Group LLC Purchases 19,594 Shares of Mitsubishi UFJ Financial Group, Inc. $MUFG

Key Points

• DMC Group LLC significantly increased its stake in Mitsubishi UFJ Financial Group by 92%, acquiring an additional 19,594 shares to bring its total holdings to 40,886 shares valued at approximately $561,000.
• Several other institutional investors also made new investments in MUFG, with funds like Opal Wealth Advisors LLC and Caitong International Asset Management purchasing stakes worth up to $41,000.
• After recent analyst updates, Mitsubishi UFJ Financial Group received a strong-buy rating from Zacks Research, while analysts' consensus indicates a general buy recommendation for the stock.

DMC Group LLC increased its position in shares of Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG - Free Report) by 92.0% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 40,886 shares of the company's stock after acquiring an additional 19,594 shares during the period. DMC Group LLC's holdings in Mitsubishi UFJ Financial Group were worth $561,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in MUFG. Opal Wealth Advisors LLC bought a new stake in shares of Mitsubishi UFJ Financial Group during the second quarter worth about $31,000. Caitong International Asset Management Co. Ltd bought a new stake in shares of Mitsubishi UFJ Financial Group in the first quarter worth $32,000. Ameritas Advisory Services LLC bought a new stake in shares of Mitsubishi UFJ Financial Group in the second quarter worth $36,000. Nisa Investment Advisors LLC bought a new stake in shares of Mitsubishi UFJ Financial Group in the first quarter worth $41,000. Finally, Geneos Wealth Management Inc. grew its stake in shares of Mitsubishi UFJ Financial Group by 245.3% in the first quarter. Geneos Wealth Management Inc. now owns 4,790 shares of the company's stock worth $65,000 after purchasing an additional 3,403 shares during the last quarter. 13.59% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on MUFG shares. Weiss Ratings reiterated a "hold (c)" rating on shares of Mitsubishi UFJ Financial Group in a research report on Saturday, September 27th. Zacks Research upgraded Mitsubishi UFJ Financial Group from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, August 26th. Finally, Wall Street Zen upgraded Mitsubishi UFJ Financial Group from a "sell" rating to a "hold" rating in a report on Saturday, August 9th. One analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Buy".

Mitsubishi UFJ Financial Group Price Performance

MUFG stock opened at $15.20 on Wednesday. The company's 50-day moving average is $15.29 and its 200-day moving average is $13.91. The stock has a market capitalization of $183.37 billion, a PE ratio of 14.07, a price-to-earnings-growth ratio of 1.13 and a beta of 0.38. The company has a debt-to-equity ratio of 1.86, a current ratio of 0.89 and a quick ratio of 0.89. Mitsubishi UFJ Financial Group, Inc. has a 1 year low of $9.87 and a 1 year high of $16.24.

Mitsubishi UFJ Financial Group (NYSE:MUFG - Get Free Report) last announced its quarterly 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 business had revenue of $22.10 billion for the quarter, compared to analyst estimates of $9.86 billion. Equities research 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.

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