LPL Financial LLC Acquires 124,828 Shares of Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG)

Key Points

• LPL Financial LLC increased its stake in Mitsubishi UFJ Financial Group by 37.4%, acquiring an additional 124,828 shares, now owning a total of 458,231 shares valued at approximately $6.25 million.
• Institutional investors collectively own 13.59% of Mitsubishi UFJ Financial Group's stock, with several hedge funds making recent adjustments to their positions.
• Mitsubishi UFJ Financial Group reported earnings of $0.32 per share for the latest quarter, exceeding estimates, with revenues of $22.10 billion.

LPL Financial LLC lifted its position in Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG - Free Report) by 37.4% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 458,231 shares of the company's stock after buying an additional 124,828 shares during the quarter. LPL Financial LLC's holdings in Mitsubishi UFJ Financial Group were worth $6,246,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in MUFG. JPMorgan Chase & Co. grew its stake in shares of Mitsubishi UFJ Financial Group by 50.8% in the 4th quarter. JPMorgan Chase & Co. now owns 389,603 shares of the company's stock valued at $4,566,000 after buying an additional 131,305 shares in the last quarter. Franklin Resources Inc. boosted its position in Mitsubishi UFJ Financial Group by 5.4% during the fourth quarter. Franklin Resources Inc. now owns 51,864 shares of the company's stock worth $608,000 after purchasing an additional 2,656 shares during the period. Russell Investments Group Ltd. boosted its position in Mitsubishi UFJ Financial Group by 36.4% during the fourth quarter. Russell Investments Group Ltd. now owns 73,844 shares of the company's stock worth $865,000 after purchasing an additional 19,705 shares during the period. Bank of Montreal Can boosted its position in Mitsubishi UFJ Financial Group by 47.0% during the fourth quarter. Bank of Montreal Can now owns 103,952 shares of the company's stock worth $1,218,000 after purchasing an additional 33,220 shares during the period. Finally, Renaissance Technologies LLC boosted its position in Mitsubishi UFJ Financial Group by 1.4% during the fourth quarter. Renaissance Technologies LLC now owns 561,631 shares of the company's stock worth $6,582,000 after purchasing an additional 7,720 shares during the period. Institutional investors own 13.59% of the company's stock.

Mitsubishi UFJ Financial Group Stock Performance

Mitsubishi UFJ Financial Group stock traded up $0.57 during trading hours on Friday, reaching $15.91. 6,047,963 shares of the company were exchanged, compared to its average volume of 3,637,573. The firm has a market cap of $192.00 billion, a price-to-earnings ratio of 14.73, a PEG ratio of 1.56 and a beta of 0.42. 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 stock has a 50-day moving average of $13.92 and a 200 day moving average of $13.25. Mitsubishi UFJ Financial Group, Inc. has a 12 month low of $9.85 and a 12 month high of $16.16.

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 (EPS) for the quarter, topping analysts' consensus estimates of $0.29 by $0.03. The firm had revenue of $22.10 billion during the quarter, compared to analysts' expectations of $9.86 billion. Mitsubishi UFJ Financial Group had a return on equity of 9.35% and a net margin of 13.95%. As a group, research analysts anticipate that Mitsubishi UFJ Financial Group, Inc. will post 0.99 earnings per share for the current year.

Wall Street Analyst Weigh In

Separately, Wall Street Zen raised Mitsubishi UFJ Financial Group from a "sell" rating to a "hold" rating in a research report on Saturday, August 9th.

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.