LPL Financial LLC lifted its holdings in shares of Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG - Free Report) by 52.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 333,403 shares of the company's stock after buying an additional 115,315 shares during the period. LPL Financial LLC's holdings in Mitsubishi UFJ Financial Group were worth $3,907,000 at the end of the most recent reporting period.
Other hedge funds have also modified their holdings of the company. Whipplewood Advisors LLC acquired a new position in Mitsubishi UFJ Financial Group during the fourth quarter worth $29,000. Wilmington Savings Fund Society FSB acquired a new position in shares of Mitsubishi UFJ Financial Group during the 3rd quarter worth $55,000. Steward Partners Investment Advisory LLC boosted its position in shares of Mitsubishi UFJ Financial Group by 33.9% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 5,056 shares of the company's stock worth $59,000 after buying an additional 1,279 shares in the last quarter. Sierra Ocean LLC acquired a new stake in Mitsubishi UFJ Financial Group in the 4th quarter valued at about $62,000. Finally, Versant Capital Management Inc purchased a new position in Mitsubishi UFJ Financial Group during the 4th quarter valued at about $71,000. 13.59% of the stock is owned by institutional investors and hedge funds.
Mitsubishi UFJ Financial Group Price Performance
Shares of MUFG traded up $0.25 during trading hours on Tuesday, reaching $11.91. 3,227,156 shares of the company traded hands, compared to its average volume of 7,342,226. The stock has a fifty day simple moving average of $12.89 and a 200 day simple moving average of $11.99. Mitsubishi UFJ Financial Group, Inc. has a fifty-two week low of $8.75 and a fifty-two week high of $15.03. The stock has a market capitalization of $143.73 billion, a PE ratio of 10.93, a price-to-earnings-growth ratio of 1.16 and a beta of 0.39. The company has a quick ratio of 0.92, a current ratio of 0.90 and a debt-to-equity ratio of 2.06.
Mitsubishi UFJ Financial Group (NYSE:MUFG - Get Free Report) last announced its earnings results on Tuesday, February 4th. The company reported $0.28 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.19 by $0.09. Mitsubishi UFJ Financial Group had a net margin of 14.19% and a return on equity of 9.27%. As a group, research analysts predict that Mitsubishi UFJ Financial Group, Inc. will post 0.99 EPS for the current fiscal year.
Wall Street Analysts Forecast Growth
Separately, StockNews.com raised shares of Mitsubishi UFJ Financial Group from a "sell" rating to a "hold" rating in a report on Wednesday, April 9th.
Read Our Latest Analysis on MUFG
About Mitsubishi UFJ Financial Group
(
Free Report)
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.
See Also
Before you consider Mitsubishi UFJ Financial Group, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Mitsubishi UFJ Financial Group wasn't on the list.
While Mitsubishi UFJ Financial Group currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
