InTrack Investment Management Inc Takes Position in Mitsubishi UFJ Financial Group, Inc. $MUFG

Key Points

• InTrack Investment Management Inc has acquired a new stake in Mitsubishi UFJ Financial Group, purchasing 33,231 shares valued at approximately $456,000 during the second quarter.
• Multiple institutional investors, including Optas LLC and DMC Group LLC, have significantly increased their holdings in Mitsubishi UFJ Financial Group over the same period, reflecting growing confidence in the stock.
• Analysts have upgraded Mitsubishi UFJ Financial Group's stock ratings, with Zacks Research moving from a "hold" to a "strong-buy" rating, indicating positive sentiment in the market.

InTrack Investment Management Inc acquired a new stake in Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG - Free Report) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 33,231 shares of the company's stock, valued at approximately $456,000.

A number of other institutional investors also recently modified their holdings of the stock. Optas LLC lifted its position in shares of Mitsubishi UFJ Financial Group by 8.0% during the 2nd quarter. Optas LLC now owns 38,121 shares of the company's stock valued at $523,000 after acquiring an additional 2,811 shares during the period. Venturi Wealth Management LLC lifted its position in shares of Mitsubishi UFJ Financial Group by 54.7% during the 2nd quarter. Venturi Wealth Management LLC now owns 17,398 shares of the company's stock valued at $239,000 after acquiring an additional 6,149 shares during the period. DMC Group LLC lifted its position in shares of Mitsubishi UFJ Financial Group by 92.0% during the 2nd quarter. DMC Group LLC now owns 40,886 shares of the company's stock valued at $561,000 after acquiring an additional 19,594 shares during the period. Valeo Financial Advisors LLC lifted its position in shares of Mitsubishi UFJ Financial Group by 6.2% during the 2nd quarter. Valeo Financial Advisors LLC now owns 46,665 shares of the company's stock valued at $640,000 after acquiring an additional 2,709 shares during the period. Finally, Marks Group Wealth Management Inc lifted its position in shares of Mitsubishi UFJ Financial Group by 4.6% during the 2nd quarter. Marks Group Wealth Management Inc now owns 51,436 shares of the company's stock valued at $706,000 after acquiring an additional 2,266 shares during the period. Institutional investors and hedge funds own 13.59% of the company's stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. Wall Street Zen upgraded 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 report on Tuesday, August 26th. Finally, Weiss Ratings reiterated a "hold (c)" rating on shares of Mitsubishi UFJ Financial Group in a research report on Wednesday. One investment analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of "Buy".

Mitsubishi UFJ Financial Group Stock Performance

MUFG opened at $15.36 on Thursday. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 1.86. The company's fifty day moving average price is $15.32 and its two-hundred day moving average price is $13.92. Mitsubishi UFJ Financial Group, Inc. has a 1-year low of $10.10 and a 1-year high of $16.24. The company has a market cap of $185.36 billion, a price-to-earnings ratio of 14.22, a PEG ratio of 1.11 and a beta of 0.38.

Mitsubishi UFJ Financial Group (NYSE:MUFG - Get Free Report) last released its quarterly earnings data on Monday, August 4th. The company reported $0.32 earnings per share for the quarter, topping the consensus estimate 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 for the quarter, compared to the consensus estimate of $9.86 billion. On average, 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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