Walleye Capital LLC Purchases New Position in Mitsubishi UFJ Financial Group, Inc. $MUFG

Key Points

• Walleye Capital LLC purchased a new stake in Mitsubishi UFJ Financial Group, acquiring 32,408 shares valued at approximately $442,000.
• Analysts have upgraded Mitsubishi UFJ Financial Group's stock rating, with Zacks Research moving it from a "hold" to a "strong-buy" rating.
• The company reported a net margin of 13.95% and earnings of $0.32 per share, exceeding the consensus estimate of $0.29.

Walleye Capital LLC purchased a new position in shares of Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 32,408 shares of the company's stock, valued at approximately $442,000.

Several other hedge funds have also recently modified their holdings of MUFG. Royal Bank of Canada raised its position in shares of Mitsubishi UFJ Financial Group by 40.4% during the 4th quarter. Royal Bank of Canada now owns 6,021,271 shares of the company's stock worth $70,570,000 after purchasing an additional 1,731,873 shares during the last quarter. Artemis Investment Management LLP raised its holdings in Mitsubishi UFJ Financial Group by 175.6% in the 1st quarter. Artemis Investment Management LLP now owns 2,558,102 shares of the company's stock valued at $34,867,000 after acquiring an additional 1,629,765 shares during the last quarter. National Bank of Canada FI acquired a new stake in Mitsubishi UFJ Financial Group in the 1st quarter valued at about $12,534,000. Natixis Advisors LLC raised its holdings in Mitsubishi UFJ Financial Group by 9.2% in the 1st quarter. Natixis Advisors LLC now owns 10,756,565 shares of the company's stock valued at $146,612,000 after acquiring an additional 905,674 shares during the last quarter. Finally, Northern Trust Corp raised its holdings in Mitsubishi UFJ Financial Group by 8.4% in the 1st quarter. Northern Trust Corp now owns 11,407,268 shares of the company's stock valued at $155,481,000 after acquiring an additional 885,189 shares during the last quarter. Institutional investors and hedge funds own 13.59% of the company's stock.

Analyst Ratings Changes

A number of research firms have commented on MUFG. 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 investment analyst has rated the stock with a Strong Buy rating, According to MarketBeat.com, Mitsubishi UFJ Financial Group presently has a consensus rating of "Strong Buy".

Mitsubishi UFJ Financial Group Trading Down 0.6%

Mitsubishi UFJ Financial Group stock traded down $0.10 during trading on Friday, hitting $15.29. The company had a trading volume of 4,512,959 shares, compared to its average volume of 5,767,666. Mitsubishi UFJ Financial Group, Inc. has a 1-year low of $9.85 and a 1-year high of $16.16. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 1.86. The company's 50 day simple moving average is $14.41 and its 200-day simple moving average is $13.52. The stock has a market cap of $184.45 billion, a price-to-earnings ratio of 14.15, a price-to-earnings-growth ratio of 1.37 and a beta of 0.39.

Mitsubishi UFJ Financial Group (NYSE:MUFG - Get Free Report) last posted its earnings results on Monday, August 4th. The company reported $0.32 earnings per share for the quarter, beating the consensus estimate 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 during the quarter, compared to the consensus estimate of $9.86 billion. As a group, analysts expect that Mitsubishi UFJ Financial Group, Inc. will post 0.99 EPS for the current fiscal year.

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.