Mitsubishi UFJ Financial Group, Inc. $MUFG Shares Bought by QRG Capital Management Inc.

Key Points

• QRG Capital Management increased its MUFG stake by 28.6% in the second quarter, purchasing 181,696 additional shares for a total holding of 817,288 shares valued at approximately $16.3 million. Overall, institutional investors and hedge funds own 13.59% of MUFG.
• MUFG shares were recently down 1.2% at $22.82, while the company reported quarterly EPS of $0.45, beating estimates of $0.35, and revenue of $15.11 billion versus expectations of $10.06 billion.
• Analyst sentiment remains favorable, with one Strong Buy, two Buy, and two Hold ratings, resulting in a “Moderate Buy” consensus rating.

QRG Capital Management Inc. raised its holdings in Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG - Free Report) by 28.6% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 817,288 shares of the company's stock after purchasing an additional 181,696 shares during the period. QRG Capital Management Inc.'s holdings in Mitsubishi UFJ Financial Group were worth $16,256,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Dorsey Wright & Associates raised its position in Mitsubishi UFJ Financial Group by 39.3% during the first quarter. Dorsey Wright & Associates now owns 223,030 shares of the company's stock worth $3,785,000 after acquiring an additional 62,918 shares during the period. Quantinno Capital Management LP increased its stake in shares of Mitsubishi UFJ Financial Group by 21.4% during the first quarter. Quantinno Capital Management LP now owns 2,399,601 shares of the company's stock worth $40,721,000 after purchasing an additional 423,058 shares in the last quarter. First Trust Advisors LP raised its position in shares of Mitsubishi UFJ Financial Group by 52.5% during the 1st quarter. First Trust Advisors LP now owns 476,447 shares of the company's stock worth $8,085,000 after purchasing an additional 164,083 shares during the last quarter. Fiera Capital Corp purchased a new position in Mitsubishi UFJ Financial Group in the 4th quarter valued at about $592,000. Finally, Bank of New York Mellon Corp lifted its stake in Mitsubishi UFJ Financial Group by 6.3% in the 1st quarter. Bank of New York Mellon Corp now owns 1,363,726 shares of the company's stock valued at $23,142,000 after buying an additional 80,484 shares in the last quarter. 13.59% of the stock is owned by institutional investors and hedge funds.

Mitsubishi UFJ Financial Group Stock Down 1.2%

Shares of NYSE:MUFG opened at $22.82 on Thursday. Mitsubishi UFJ Financial Group, Inc. has a 1-year low of $14.62 and a 1-year high of $24.26. The company has a debt-to-equity ratio of 1.10, a current ratio of 0.85 and a quick ratio of 0.85. The stock has a market cap of $270.76 billion, a P/E ratio of 14.91, a P/E/G ratio of 1.03 and a beta of 0.39. The firm has a fifty day moving average price of $22.75 and a 200 day moving average price of $20.18.

Mitsubishi UFJ Financial Group (NYSE:MUFG - Get Free Report) last announced its earnings results on Tuesday, August 4th. The company reported $0.45 EPS for the quarter, beating analysts' consensus estimates of $0.35 by $0.10. The business had revenue of $15.11 billion during the quarter, compared to analysts' expectations of $10.06 billion. Mitsubishi UFJ Financial Group had a net margin of 17.63% and a return on equity of 12.30%. Sell-side analysts predict that Mitsubishi UFJ Financial Group, Inc. will post 1.58 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms have commented on MUFG. Weiss Ratings lowered Mitsubishi UFJ Financial Group from a "buy (b)" rating to a "hold (c)" rating in a research note on Tuesday, July 14th. Erste Group Bank assumed coverage on Mitsubishi UFJ Financial Group in a research note on Thursday, June 25th. They set a "buy" rating on the stock. Finally, Mitsubishi UFJ Financial Group started coverage on Mitsubishi UFJ Financial Group in a report on Thursday, June 25th. They set a "buy" rating on the stock. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, Mitsubishi UFJ Financial Group currently has an average rating of "Moderate Buy".

Mitsubishi UFJ Financial Group Profile

Mitsubishi UFJ Financial Group, Inc NYSE: MUFG is a diversified Japanese financial services group headquartered in Tokyo. The group's principal banking subsidiary, MUFG Bank, provides commercial and retail banking services, including deposits, lending, payments, foreign exchange, and transaction banking. Through its broader operations, MUFG also offers trust banking, securities services, asset management, leasing, credit cards, and consumer finance.

MUFG serves individuals, businesses, financial institutions, and governments in Japan and international markets.

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