Kestra Private Wealth Services LLC Makes New $674,000 Investment in Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG)

Key Points

• Kestra Private Wealth Services LLC acquired a new stake in Mitsubishi UFJ Financial Group, purchasing 49,445 shares valued at approximately $674,000.
• Wall Street Zen has downgraded Mitsubishi UFJ Financial Group from a "hold" rating to a "sell" rating in a recent research report.
• The company's quarterly earnings showed an EPS of $0.13, significantly exceeding analysts' expectations of $0.03.

Kestra Private Wealth Services LLC acquired a new stake in Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG - Free Report) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 49,445 shares of the company's stock, valued at approximately $674,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Nisa Investment Advisors LLC acquired a new stake in shares of Mitsubishi UFJ Financial Group during the first quarter worth $41,000. Financial Management Professionals Inc. increased its stake in Mitsubishi UFJ Financial Group by 116.7% in the 1st quarter. Financial Management Professionals Inc. now owns 3,257 shares of the company's stock valued at $44,000 after buying an additional 1,754 shares during the last quarter. Olde Wealth Management LLC acquired a new stake in Mitsubishi UFJ Financial Group in the 1st quarter valued at $87,000. Cary Street Partners Financial LLC acquired a new stake in Mitsubishi UFJ Financial Group in the 4th quarter valued at $98,000. Finally, May Hill Capital LLC acquired a new stake in Mitsubishi UFJ Financial Group in the 4th quarter valued at $121,000. 13.59% of the stock is owned by institutional investors.

Mitsubishi UFJ Financial Group Stock Performance

Shares of MUFG stock traded down $0.12 during midday trading on Tuesday, hitting $14.01. 657,922 shares of the company were exchanged, compared to its average volume of 6,153,862. The firm has a market capitalization of $169.01 billion, a P/E ratio of 13.34, a PEG ratio of 0.97 and a beta of 0.39. The company has a debt-to-equity ratio of 2.57, a quick ratio of 1.01 and a current ratio of 1.01. The firm's 50 day moving average price is $13.74 and its two-hundred day moving average price is $13.04. Mitsubishi UFJ Financial Group, Inc. has a 52 week low of $8.75 and a 52 week high of $15.03.

Mitsubishi UFJ Financial Group (NYSE:MUFG - Get Free Report) last issued its quarterly earnings results on Thursday, May 15th. The company reported $0.13 earnings per share for the quarter, topping analysts' consensus estimates of $0.03 by $0.10. The company had revenue of $22.91 billion during the quarter, compared to the consensus estimate of $6.47 billion. Mitsubishi UFJ Financial Group had a net margin of 13.70% and a return on equity of 9.45%. As a group, equities research analysts anticipate that Mitsubishi UFJ Financial Group, Inc. will post 0.99 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen lowered shares of Mitsubishi UFJ Financial Group from a "hold" rating to a "sell" rating in a research note on Saturday.

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.