Modera Wealth Management LLC Invests $247,000 in Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG)

Key Points

• Modera Wealth Management LLC has acquired a new stake in Mitsubishi UFJ Financial Group, Inc. (MUFG), purchasing 18,120 shares valued at approximately $247,000 in the first quarter.
• Several hedge funds, including Northern Trust Corp and GAMMA Investing LLC, have significantly increased their positions in Mitsubishi UFJ Financial Group during the fourth quarter, with hedge funds collectively owning 13.59% of the stock.
• Wall Street Zen downgraded Mitsubishi UFJ Financial Group from a "hold" rating to a "sell" rating, reflecting shifting market sentiment.

Modera Wealth Management LLC acquired a new position in Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG - Free Report) during the first quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 18,120 shares of the company's stock, valued at approximately $247,000.

Other large investors have also recently bought and sold shares of the company. LPL Financial LLC raised its position in Mitsubishi UFJ Financial Group by 52.9% during the fourth quarter. LPL Financial LLC now owns 333,403 shares of the company's stock valued at $3,907,000 after acquiring an additional 115,315 shares in the last quarter. JPMorgan Chase & Co. raised its position 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 acquiring an additional 131,305 shares during the period. Franklin Resources Inc. grew its stake in shares of Mitsubishi UFJ Financial Group by 5.4% during the 4th quarter. Franklin Resources Inc. now owns 51,864 shares of the company's stock worth $608,000 after acquiring an additional 2,656 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its holdings in shares of Mitsubishi UFJ Financial Group by 5.0% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 837,745 shares of the company's stock valued at $9,818,000 after buying an additional 39,598 shares during the last quarter. Finally, Wells Fargo & Company MN lifted its holdings in Mitsubishi UFJ Financial Group by 9.8% during the 4th quarter. Wells Fargo & Company MN now owns 2,556,797 shares of the company's stock valued at $29,966,000 after purchasing an additional 228,971 shares during the last quarter. Institutional investors and hedge funds own 13.59% of the company's stock.

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 Stock Up 1.0%

Shares of NYSE:MUFG traded up $0.14 during trading on Wednesday, reaching $14.12. 1,111,238 shares of the stock were exchanged, compared to its average volume of 6,100,035. The firm has a market cap of $170.34 billion, a price-to-earnings ratio of 13.08, a price-to-earnings-growth ratio of 0.91 and a beta of 0.42. The stock has a fifty day moving average of $13.76 and a two-hundred day moving average of $13.12. Mitsubishi UFJ Financial Group, Inc. has a 1-year low of $9.39 and a 1-year high of $15.03. The company has a debt-to-equity ratio of 2.57, a current ratio of 1.01 and a quick ratio of 1.01.

Mitsubishi UFJ Financial Group (NYSE:MUFG - Get Free Report) last posted its quarterly earnings results on Monday, August 4th. The company reported $0.32 earnings per share for the quarter, topping the consensus estimate of $0.29 by $0.03. The company had revenue of $22.10 billion during the quarter, compared to the consensus estimate of $9.86 billion. Mitsubishi UFJ Financial Group had a return on equity of 9.49% and a net margin of 13.95%. Research analysts anticipate that Mitsubishi UFJ Financial Group, Inc. will post 0.99 earnings per share for the current fiscal year.

About Mitsubishi UFJ Financial Group

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.