Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG) Shares Acquired by PNC Financial Services Group Inc.

Key Points

• PNC Financial Services Group Inc. increased its stake in Mitsubishi UFJ Financial Group by 12.5% in Q1, acquiring a total of 343,602 shares valued at approximately $4.68 million.
• Mitsubishi UFJ Financial Group reported quarterly earnings of $0.32 per share, surpassing analysts' expectations of $0.29, with revenues of $22.10 billion—well above the forecast of $9.86 billion.
• Wall Street Zen downgraded Mitsubishi UFJ Financial Group from a "hold" to a "sell" rating on July 26th, reflecting concerns about the stock's performance.

PNC Financial Services Group Inc. boosted its position in Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG - Free Report) by 12.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 343,602 shares of the company's stock after buying an additional 38,196 shares during the quarter. PNC Financial Services Group Inc.'s holdings in Mitsubishi UFJ Financial Group were worth $4,683,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Wealth Enhancement Advisory Services LLC bought a new stake in shares of Mitsubishi UFJ Financial Group in the 1st quarter valued at approximately $143,000. Allspring Global Investments Holdings LLC boosted its holdings in Mitsubishi UFJ Financial Group by 5.6% in the first quarter. Allspring Global Investments Holdings LLC now owns 88,180 shares of the company's stock worth $1,163,000 after purchasing an additional 4,664 shares during the period. Nisa Investment Advisors LLC bought a new stake in Mitsubishi UFJ Financial Group during the first quarter valued at $41,000. Sowell Financial Services LLC acquired a new stake in shares of Mitsubishi UFJ Financial Group during the first quarter worth $183,000. Finally, Rockefeller Capital Management L.P. raised its holdings in shares of Mitsubishi UFJ Financial Group by 182.6% during the fourth quarter. Rockefeller Capital Management L.P. now owns 152,526 shares of the company's stock worth $1,787,000 after purchasing an additional 98,562 shares during the period. Institutional investors and hedge funds own 13.59% of the company's stock.

Mitsubishi UFJ Financial Group Stock Performance

Shares of NYSE MUFG opened at $14.11 on Thursday. The company has a quick ratio of 1.01, a current ratio of 0.89 and a debt-to-equity ratio of 1.86. The firm's 50-day moving average price is $13.77 and its two-hundred day moving average price is $13.12. Mitsubishi UFJ Financial Group, Inc. has a 52-week low of $9.39 and a 52-week high of $15.03. The stock has a market capitalization of $170.22 billion, a P/E ratio of 13.06, a P/E/G ratio of 1.37 and a beta of 0.42.

Mitsubishi UFJ Financial Group (NYSE:MUFG - Get Free Report) last announced its quarterly 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. Mitsubishi UFJ Financial Group had a return on equity of 9.35% and a net margin of 13.95%. The business had revenue of $22.10 billion for the quarter, compared to analysts' expectations of $9.86 billion. As a group, sell-side analysts forecast that Mitsubishi UFJ Financial Group, Inc. will post 0.99 earnings per share for the current year.

Analysts Set New Price Targets

Separately, Wall Street Zen lowered shares of Mitsubishi UFJ Financial Group from a "hold" rating to a "sell" rating in a report on Saturday, July 26th.

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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