Goldman Sachs Group Inc. Buys 288,583 Shares of 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. increased its holdings in Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG - Free Report) by 2.3% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 12,652,332 shares of the company's stock after purchasing an additional 288,583 shares during the quarter. Goldman Sachs Group Inc. owned approximately 0.10% of Mitsubishi UFJ Financial Group worth $172,451,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Caitong International Asset Management Co. Ltd bought a new position in shares of Mitsubishi UFJ Financial Group during the 1st quarter worth about $32,000. Nisa Investment Advisors LLC bought a new position in shares of Mitsubishi UFJ Financial Group during the 1st quarter worth about $41,000. Financial Management Professionals Inc. boosted its position in shares of Mitsubishi UFJ Financial Group by 116.7% during the 1st quarter. Financial Management Professionals Inc. now owns 3,257 shares of the company's stock worth $44,000 after purchasing an additional 1,754 shares in the last quarter. Olde Wealth Management LLC bought a new position in shares of Mitsubishi UFJ Financial Group during the 1st quarter worth about $87,000. Finally, Paradigm Asset Management Co. LLC bought a new position in shares of Mitsubishi UFJ Financial Group during the 1st quarter worth about $122,000. Institutional investors own 13.59% of the company's stock.

Analysts Set New Price Targets

A number of research firms have recently issued reports on MUFG. 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 report on Tuesday, August 26th. One equities research analyst has rated the stock with a Strong Buy rating, According to MarketBeat.com, the stock presently has an average rating of "Strong Buy".

Mitsubishi UFJ Financial Group Stock Down 0.9%

NYSE:MUFG traded down $0.14 on Tuesday, hitting $15.53. The stock had a trading volume of 2,914,132 shares, compared to its average volume of 3,325,571. The company has a debt-to-equity ratio of 1.86, a quick ratio of 0.89 and a current ratio of 0.89. The stock has a market cap of $187.41 billion, a P/E ratio of 14.38, a price-to-earnings-growth ratio of 1.14 and a beta of 0.39. Mitsubishi UFJ Financial Group, Inc. has a 1 year low of $9.85 and a 1 year high of $16.16. The firm's fifty day simple moving average is $14.71 and its two-hundred day simple moving average is $13.67.

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

Mitsubishi UFJ Financial Group Company 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.