HighTower Advisors LLC Boosts Stock Holdings in Mitsubishi UFJ Financial Group, Inc. $MUFG

Key Points

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HighTower Advisors LLC raised its holdings in Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG - Free Report) by 9.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 485,832 shares of the company's stock after buying an additional 40,258 shares during the period. HighTower Advisors LLC's holdings in Mitsubishi UFJ Financial Group were worth $6,622,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently made changes to their positions in the business. Townsquare Capital LLC lifted its stake in shares of Mitsubishi UFJ Financial Group by 19.1% in the first quarter. Townsquare Capital LLC now owns 298,272 shares of the company's stock valued at $4,065,000 after buying an additional 47,735 shares in the last quarter. National Bank of Canada FI bought a new position in shares of Mitsubishi UFJ Financial Group in the first quarter valued at $12,534,000. Accuvest Global Advisors bought a new position in shares of Mitsubishi UFJ Financial Group in the first quarter valued at $145,000. Blue Barn Wealth LLC lifted its stake in shares of Mitsubishi UFJ Financial Group by 28.3% in the first quarter. Blue Barn Wealth LLC now owns 21,327 shares of the company's stock valued at $291,000 after buying an additional 4,699 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of Mitsubishi UFJ Financial Group by 23.3% in the first quarter. Charles Schwab Investment Management Inc. now owns 1,032,054 shares of the company's stock valued at $14,067,000 after buying an additional 195,227 shares in the last quarter. 13.59% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

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

Mitsubishi UFJ Financial Group Stock Performance

NYSE MUFG traded up $0.2830 during trading hours on Friday, reaching $15.5830. 3,584,296 shares of the company were exchanged, compared to its average volume of 3,598,652. Mitsubishi UFJ Financial Group, Inc. has a 1 year low of $9.85 and a 1 year high of $16.16. The business's 50 day simple moving average is $14.09 and its 200-day simple moving average is $13.36. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 1.86. The stock has a market capitalization of $188.05 billion, a P/E ratio of 14.43, a P/E/G ratio of 1.53 and a beta of 0.42.

Mitsubishi UFJ Financial Group (NYSE:MUFG - Get Free Report) last posted its quarterly earnings data 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. Mitsubishi UFJ Financial Group had a net margin of 13.95% and a return on equity of 9.35%. The business had revenue of $22.10 billion during the quarter, compared to the consensus estimate of $9.86 billion. On average, equities research analysts expect 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.