Modera Wealth Management LLC Acquires New Shares 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 stake in Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 18,120 shares of the company's stock, valued at approximately $247,000.

Several other hedge funds have also recently bought and sold shares of MUFG. Northern Trust Corp increased its stake in Mitsubishi UFJ Financial Group by 46.6% in the 4th quarter. Northern Trust Corp now owns 10,522,079 shares of the company's stock valued at $123,319,000 after purchasing an additional 3,342,330 shares in the last quarter. Raymond James Financial Inc. purchased a new position in Mitsubishi UFJ Financial Group during the fourth quarter worth $29,252,000. Royal Bank of Canada increased its position in Mitsubishi UFJ Financial Group by 40.4% during the fourth quarter. Royal Bank of Canada now owns 6,021,271 shares of the company's stock worth $70,570,000 after buying an additional 1,731,873 shares in the last quarter. Artemis Investment Management LLP increased its position in Mitsubishi UFJ Financial Group by 175.6% during the first quarter. Artemis Investment Management LLP now owns 2,558,102 shares of the company's stock worth $34,867,000 after buying an additional 1,629,765 shares in the last quarter. Finally, GAMMA Investing LLC increased its position in Mitsubishi UFJ Financial Group by 1,576.9% during the first quarter. GAMMA Investing LLC now owns 607,993 shares of the company's stock worth $8,287,000 after buying an additional 571,735 shares in the last quarter. 13.59% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

Mitsubishi UFJ Financial Group Price Performance

MUFG stock opened at $13.93 on Friday. Mitsubishi UFJ Financial Group, Inc. has a 52-week low of $8.75 and a 52-week high of $15.03. The stock's fifty day simple moving average is $13.76 and its 200-day simple moving average is $13.09. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 2.57. The stock has a market capitalization of $168.10 billion, a price-to-earnings ratio of 13.27, a price-to-earnings-growth ratio of 0.92 and a beta of 0.42.

Mitsubishi UFJ Financial Group (NYSE:MUFG - Get Free Report) last issued its earnings results on Thursday, May 15th. The company reported $0.13 earnings per share for the quarter, beating analysts' consensus estimates of $0.03 by $0.10. Mitsubishi UFJ Financial Group had a return on equity of 9.45% and a net margin of 13.70%. The firm had revenue of $22.91 billion for the quarter, compared to analysts' expectations of $6.47 billion. Equities research analysts expect that Mitsubishi UFJ Financial Group, Inc. will post 0.99 EPS for the current 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.

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