Vident Advisory LLC Buys 35,661 Shares of Mitsubishi UFJ Financial Group, Inc. $MUFG

Key Points

• Vident Advisory LLC increased its stake in Mitsubishi UFJ Financial Group by 17.8%, holding 236,216 shares worth approximately $3.22 million after acquiring an additional 35,661 shares in Q1.
• Multiple institutional investors engaged in trading Mitsubishi UFJ Financial Group, with several new positions and increases in holdings, indicating strong institutional interest in the company.
• Mitsubishi UFJ Financial Group reported a quarterly EPS of $0.32, exceeding analysts' expectations, and has a Strong Buy consensus rating among research analysts.

Vident Advisory LLC increased its stake in Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG - Free Report) by 17.8% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 236,216 shares of the company's stock after buying an additional 35,661 shares during the period. Vident Advisory LLC's holdings in Mitsubishi UFJ Financial Group were worth $3,220,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Wealth Enhancement Advisory Services LLC bought a new position in Mitsubishi UFJ Financial Group in the first quarter worth about $143,000. Allspring Global Investments Holdings LLC grew its holdings in Mitsubishi UFJ Financial Group by 5.6% in the first quarter. Allspring Global Investments Holdings LLC now owns 88,180 shares of the company's stock worth $1,163,000 after purchasing an additional 4,664 shares during the period. Nisa Investment Advisors LLC purchased a new stake in Mitsubishi UFJ Financial Group in the first quarter worth about $41,000. Sowell Financial Services LLC purchased a new stake in Mitsubishi UFJ Financial Group in the first quarter worth about $183,000. Finally, Cetera Investment Advisers grew its holdings in Mitsubishi UFJ Financial Group by 10.9% in the first quarter. Cetera Investment Advisers now owns 141,984 shares of the company's stock worth $1,935,000 after purchasing an additional 13,904 shares during the period. 13.59% of the stock is owned by institutional investors.

Mitsubishi UFJ Financial Group Trading Down 0.6%

NYSE:MUFG opened at $15.31 on Monday. The company's 50 day moving average price is $14.28 and its 200-day moving average price is $13.46. Mitsubishi UFJ Financial Group, Inc. has a 52 week low of $9.85 and a 52 week high of $16.16. 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 stock has a market cap of $184.70 billion, a price-to-earnings ratio of 14.17, a PEG ratio of 1.40 and a beta of 0.39.

Mitsubishi UFJ Financial Group (NYSE:MUFG - Get Free Report) last posted its quarterly earnings results on Monday, August 4th. The company reported $0.32 EPS for the quarter, beating analysts' consensus estimates of $0.29 by $0.03. Mitsubishi UFJ Financial Group had a net margin of 13.95% and a return on equity of 9.35%. The firm had revenue of $22.10 billion for the quarter, compared to analysts' expectations of $9.86 billion. On average, equities research analysts forecast that Mitsubishi UFJ Financial Group, Inc. will post 0.99 earnings per share for the current fiscal year.

Analysts Set New Price Targets

MUFG has been the topic of a number of recent research reports. Wall Street Zen upgraded shares of Mitsubishi UFJ Financial Group from a "sell" rating to a "hold" rating in a report on Saturday, August 9th. Zacks Research upgraded shares of Mitsubishi UFJ Financial Group from a "hold" rating to a "strong-buy" rating in a report on Tuesday, August 26th. One analyst has rated the stock with a Strong Buy rating, Based on data from MarketBeat, the company currently has a consensus rating of "Strong Buy".

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.

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