SG Americas Securities LLC Purchases 23,706 Shares of Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG)

SG Americas Securities LLC lifted its position in Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG - Free Report) by 143.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 40,264 shares of the company's stock after buying an additional 23,706 shares during the quarter. SG Americas Securities LLC's holdings in Mitsubishi UFJ Financial Group were worth $549,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC boosted its position in shares of 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 period. Principal Securities Inc. raised its stake in Mitsubishi UFJ Financial Group by 55.8% in the fourth 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 in the last quarter. Truist Financial Corp raised its stake in Mitsubishi UFJ Financial Group by 5.7% in the fourth quarter. Truist Financial Corp now owns 399,973 shares of the company's stock valued at $4,688,000 after purchasing an additional 21,606 shares in the last quarter. Atria Wealth Solutions Inc. raised its stake in Mitsubishi UFJ Financial Group by 26.6% in the fourth quarter. Atria Wealth Solutions Inc. now owns 13,867 shares of the company's stock valued at $163,000 after purchasing an additional 2,915 shares in the last quarter. Finally, Private Advisor Group LLC raised its stake in Mitsubishi UFJ Financial Group by 1.6% in the fourth quarter. Private Advisor Group LLC now owns 66,349 shares of the company's stock valued at $778,000 after purchasing an additional 1,040 shares in 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 raised Mitsubishi UFJ Financial Group from a "sell" rating to a "hold" rating in a research note on Saturday, June 14th.

Mitsubishi UFJ Financial Group Trading Down 0.0%

Shares of NYSE MUFG opened at $13.51 on Monday. The company has a market cap of $162.97 billion, a price-to-earnings ratio of 12.86, a PEG ratio of 0.90 and a beta of 0.41. The stock has a 50-day moving average price of $13.05 and a two-hundred day moving average price of $12.69. Mitsubishi UFJ Financial Group, Inc. has a 12 month low of $8.75 and a 12 month high of $15.03.

Mitsubishi UFJ Financial Group (NYSE:MUFG - Get Free Report) last released its quarterly earnings results on Thursday, May 15th. The company reported $0.13 earnings per share for the quarter, topping the consensus estimate of $0.03 by $0.10. The company had revenue of $22.91 billion for the quarter, compared to analysts' expectations of $6.47 billion. Mitsubishi UFJ Financial Group had a return on equity of 9.18% and a net margin of 13.70%. On average, sell-side analysts predict that Mitsubishi UFJ Financial Group, Inc. will post 0.99 earnings per share 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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