Goldman Sachs Group Inc. Increases Holdings in Mitsubishi UFJ Financial Group, Inc. $MUFG

Key Points

• Goldman Sachs Group Inc. increased its holdings in Mitsubishi UFJ Financial Group by 2.3%, owning approximately 12.65 million shares valued at $172.45 million as of the latest SEC filing.
• Mitsubishi UFJ Financial Group shares have seen significant upgrades from analysts, with Zacks Research raising their rating to "strong-buy" and an average rating of "strong buy" among analysts.
• The company reported $0.32 earnings per share for the last quarter, exceeding the consensus estimate of $0.29, with revenues significantly higher than expected at $22.10 billion.

Goldman Sachs Group Inc. boosted its position in Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG - Free Report) by 2.3% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,652,332 shares of the company's stock after purchasing an additional 288,583 shares during the period. Goldman Sachs Group Inc. owned about 0.10% of Mitsubishi UFJ Financial Group worth $172,451,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of MUFG. Curi RMB Capital LLC purchased a new position in shares of Mitsubishi UFJ Financial Group in the first quarter valued at $5,333,000. AQR Capital Management LLC increased its holdings in Mitsubishi UFJ Financial Group by 43.8% during the 1st quarter. AQR Capital Management LLC now owns 334,909 shares of the company's stock valued at $4,565,000 after acquiring an additional 101,930 shares in the last quarter. Advisors Asset Management Inc. increased its holdings in 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 valued at $752,000 after acquiring an additional 2,280 shares in the last quarter. Aprio Wealth Management LLC raised its position in Mitsubishi UFJ Financial Group by 46.9% during the first quarter. Aprio Wealth Management LLC now owns 36,472 shares of the company's stock worth $497,000 after acquiring an additional 11,639 shares during the last quarter. Finally, Federation des caisses Desjardins du Quebec lifted its holdings in shares of Mitsubishi UFJ Financial Group by 30,337.9% in the first 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 in the last quarter. 13.59% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

Mitsubishi UFJ Financial Group Stock Up 1.3%

Shares of NYSE MUFG opened at $15.76 on Thursday. The firm has a market cap of $190.13 billion, a P/E ratio of 14.59, a price-to-earnings-growth ratio of 1.13 and a beta of 0.39. 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 1 year low of $9.85 and a 1 year high of $16.16. The firm's 50 day moving average price is $14.55 and its 200 day moving average price is $13.59.

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, beating 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 the consensus estimate of $9.86 billion. As a group, sell-side analysts anticipate that Mitsubishi UFJ Financial Group, Inc. will post 0.99 earnings per share 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.

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