US Bancorp DE Raises Holdings in Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG)

Key Points

• US Bancorp DE increased its holdings in Mitsubishi UFJ Financial Group by 12.5% during Q1, owning a total of 371,814 shares valued at approximately $5,068,000.
• Other institutional investors, including Empirical Financial Services and Natixis Advisors, have also made significant investments, contributing to a total of 13.59% institutional ownership of Mitsubishi UFJ Financial Group's stock.
• Mitsubishi UFJ Financial Group reported $0.32 EPS for the last quarter, surpassing analyst expectations, with projected earnings of 0.99 EPS for the current year.

US Bancorp DE grew its position in shares of Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG - Free Report) by 12.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 371,814 shares of the company's stock after buying an additional 41,238 shares during the period. US Bancorp DE's holdings in Mitsubishi UFJ Financial Group were worth $5,068,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the company. Empirical Financial Services LLC d.b.a. Empirical Wealth Management purchased a new position in shares of Mitsubishi UFJ Financial Group during the 1st quarter valued at $137,000. Cordatus Wealth Management LLC purchased a new position in shares of Mitsubishi UFJ Financial Group during the 1st quarter valued at $601,000. Natixis Advisors LLC lifted its position in shares of Mitsubishi UFJ Financial Group by 9.2% during the 1st quarter. Natixis Advisors LLC now owns 10,756,565 shares of the company's stock valued at $146,612,000 after buying an additional 905,674 shares during the last quarter. Modera Wealth Management LLC purchased a new position in shares of Mitsubishi UFJ Financial Group during the 1st quarter valued at $247,000. Finally, Norden Group LLC lifted its position in shares of Mitsubishi UFJ Financial Group by 8.2% during the 1st quarter. Norden Group LLC now owns 39,152 shares of the company's stock valued at $534,000 after buying an additional 2,982 shares during the last quarter. Hedge funds and other institutional investors own 13.59% of the company's stock.

Mitsubishi UFJ Financial Group Stock Performance

NYSE:MUFG opened at $13.99 on Wednesday. The company has a debt-to-equity ratio of 2.57, a quick ratio of 1.01 and a current ratio of 1.01. Mitsubishi UFJ Financial Group, Inc. has a 52-week low of $8.91 and a 52-week high of $15.03. The firm has a market cap of $168.77 billion, a price-to-earnings ratio of 12.95, a PEG ratio of 0.91 and a beta of 0.42. The business's fifty day moving average is $13.76 and its 200 day moving average is $13.12.

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

Analyst Upgrades and Downgrades

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

Mitsubishi UFJ Financial Group 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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