Townsquare Capital LLC Has $4.07 Million Holdings in Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG)

Key Points

• Townsquare Capital LLC increased its stake in Mitsubishi UFJ Financial Group by 19.1%, owning 298,272 shares valued at approximately $4.07 million after acquiring additional shares in the first quarter.
• Multiple hedge funds, including JPMorgan Chase & Co. and Bank of Montreal, have significantly boosted their positions in Mitsubishi UFJ Financial Group during the fourth quarter, indicating increased institutional interest.
• Analysts at Wall Street Zen have upgraded Mitsubishi UFJ Financial Group's stock rating from "sell" to "hold," reflecting a more favorable outlook on the company's performance.

Townsquare Capital LLC boosted its holdings in shares of Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG - Free Report) by 19.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 298,272 shares of the company's stock after purchasing an additional 47,735 shares during the quarter. Townsquare Capital LLC's holdings in Mitsubishi UFJ Financial Group were worth $4,065,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in MUFG. Wealth Enhancement Advisory Services LLC acquired a new position in Mitsubishi UFJ Financial Group in the 1st quarter valued at approximately $143,000. Allspring Global Investments Holdings LLC raised its holdings in Mitsubishi UFJ Financial Group by 5.6% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 88,180 shares of the company's stock valued at $1,163,000 after acquiring an additional 4,664 shares in the last quarter. Nisa Investment Advisors LLC acquired a new position in Mitsubishi UFJ Financial Group in the 1st quarter valued at approximately $41,000. Sowell Financial Services LLC acquired a new position in Mitsubishi UFJ Financial Group in the 1st quarter valued at approximately $183,000. Finally, Rockefeller Capital Management L.P. raised its holdings in Mitsubishi UFJ Financial Group by 182.6% in the 4th quarter. Rockefeller Capital Management L.P. now owns 152,526 shares of the company's stock valued at $1,787,000 after acquiring an additional 98,562 shares in the last quarter. Institutional investors own 13.59% of the company's stock.

Mitsubishi UFJ Financial Group Stock Performance

Mitsubishi UFJ Financial Group stock traded up $0.61 during trading hours on Tuesday, hitting $15.10. The stock had a trading volume of 3,276,690 shares, compared to its average volume of 3,700,108. Mitsubishi UFJ Financial Group, Inc. has a fifty-two week low of $9.76 and a fifty-two week high of $15.15. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 1.86. The company has a 50-day moving average of $13.82 and a two-hundred day moving average of $13.20. The company has a market cap of $182.16 billion, a PE ratio of 13.98, a price-to-earnings-growth ratio of 1.42 and a beta of 0.42.

Mitsubishi UFJ Financial Group (NYSE:MUFG - Get Free Report) last issued its earnings results on Monday, August 4th. The company reported $0.32 earnings per share (EPS) 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 during the quarter, compared to analysts' expectations of $9.86 billion. On average, equities research analysts anticipate that Mitsubishi UFJ Financial Group, Inc. will post 0.99 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

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.