Journey Advisory Group LLC Has $7.16 Million Stake in Mitsubishi UFJ Financial Group, Inc. $MUFG

Key Points

• Journey Advisory Group LLC reduced its stake in Mitsubishi UFJ Financial Group by 11.1% in the second quarter, now holding 522,088 shares valued at approximately $7.16 million.
• Mitsubishi UFJ Financial Group reported a net margin of 13.95% and earnings per share of $0.32, exceeding analyst expectations of $0.29.
• Equities analysts have upgraded the company's rating recently, with Zacks Research raising it from "hold" to "strong-buy".

Journey Advisory Group LLC lessened its position in Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG - Free Report) by 11.1% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 522,088 shares of the company's stock after selling 65,463 shares during the period. Journey Advisory Group LLC's holdings in Mitsubishi UFJ Financial Group were worth $7,163,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the company. Opal Wealth Advisors LLC acquired a new stake in shares of Mitsubishi UFJ Financial Group during the second quarter valued at about $31,000. Caitong International Asset Management Co. Ltd bought a new position in Mitsubishi UFJ Financial Group in the 1st quarter valued at approximately $32,000. Ameritas Advisory Services LLC acquired a new stake in Mitsubishi UFJ Financial Group during the 2nd quarter worth approximately $36,000. Nisa Investment Advisors LLC bought a new stake in Mitsubishi UFJ Financial Group during the 1st quarter worth approximately $41,000. Finally, Geneos Wealth Management Inc. grew its holdings in Mitsubishi UFJ Financial Group by 245.3% during the 1st quarter. Geneos Wealth Management Inc. now owns 4,790 shares of the company's stock worth $65,000 after acquiring an additional 3,403 shares during the last quarter. 13.59% of the stock is currently owned by institutional investors.

Mitsubishi UFJ Financial Group Trading Down 0.7%

NYSE:MUFG opened at $15.01 on Monday. Mitsubishi UFJ Financial Group, Inc. has a 52 week low of $10.15 and a 52 week high of $16.24. 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 firm's fifty day moving average is $15.45 and its 200-day moving average is $13.98. The firm has a market cap of $181.10 billion, a P/E ratio of 13.90, a P/E/G ratio of 1.09 and a beta of 0.38.

Mitsubishi UFJ Financial Group (NYSE:MUFG - Get Free Report) last announced its earnings results on Monday, August 4th. The company reported $0.32 earnings per share for the quarter, topping analysts' consensus estimates of $0.29 by $0.03. The business had revenue of $22.10 billion during 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%. Equities analysts expect that Mitsubishi UFJ Financial Group, Inc. will post 0.99 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the stock. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Mitsubishi UFJ Financial Group in a research note on Wednesday, October 8th. Wall Street Zen raised Mitsubishi UFJ Financial Group from a "sell" rating to a "hold" rating in a research report on Saturday, August 9th. Finally, Zacks Research raised Mitsubishi UFJ Financial Group from a "hold" rating to a "strong-buy" rating in a report on Tuesday, August 26th. One research analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, Mitsubishi UFJ Financial Group has a consensus rating of "Buy".

Mitsubishi UFJ Financial Group 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.

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