Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG) Shares Bought by QRG Capital Management Inc.

QRG Capital Management Inc. grew its stake in Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG - Free Report) by 4.8% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 804,925 shares of the company's stock after buying an additional 36,730 shares during the period. QRG Capital Management Inc.'s holdings in Mitsubishi UFJ Financial Group were worth $10,971,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Allspring Global Investments Holdings LLC lifted its position in Mitsubishi UFJ Financial Group by 10.1% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 83,516 shares of the company's stock valued at $982,000 after acquiring an additional 7,629 shares during the last quarter. Principal Securities Inc. lifted its holdings in shares of Mitsubishi UFJ Financial Group by 55.8% in the 4th quarter. Principal Securities Inc. now owns 10,652 shares of the company's stock valued at $125,000 after purchasing an additional 3,816 shares during the last quarter. Sierra Ocean LLC acquired a new stake in shares of Mitsubishi UFJ Financial Group in the 4th quarter valued at about $62,000. Sanctuary Advisors LLC boosted its position in shares of Mitsubishi UFJ Financial Group by 6.3% in the 4th quarter. Sanctuary Advisors LLC now owns 298,486 shares of the company's stock valued at $3,806,000 after purchasing an additional 17,818 shares during the period. Finally, Truist Financial Corp grew its stake in Mitsubishi UFJ Financial Group by 5.7% during the 4th quarter. Truist Financial Corp now owns 399,973 shares of the company's stock worth $4,688,000 after buying an additional 21,606 shares during the last quarter. 13.59% of the stock is owned by hedge funds and other institutional investors.

Mitsubishi UFJ Financial Group Stock Performance

NYSE MUFG opened at $13.65 on Tuesday. The firm has a market cap of $164.66 billion, a P/E ratio of 12.52, a P/E/G ratio of 1.16 and a beta of 0.42. Mitsubishi UFJ Financial Group, Inc. has a 52-week low of $8.75 and a 52-week high of $15.03. The business's 50-day moving average price is $12.90 and its 200 day moving average price is $12.65. The company has a quick ratio of 0.92, a current ratio of 0.90 and a debt-to-equity ratio of 2.06.

Mitsubishi UFJ Financial Group (NYSE:MUFG - Get Free Report) last announced its earnings results on Thursday, May 15th. The company reported $0.13 earnings per share for the quarter, beating the consensus estimate of $0.03 by $0.10. The company had revenue of $22.91 billion for the quarter, compared to the consensus estimate of $6.47 billion. Mitsubishi UFJ Financial Group had a return on equity of 9.27% and a net margin of 14.19%. On average, equities research analysts expect 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 raised Mitsubishi UFJ Financial Group from a "sell" rating to a "hold" rating in a report on Saturday.

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.

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