Mitsubishi UFJ Financial Group, Inc. $MUFG Position Boosted by Silver Oak Securities Incorporated

Silver Oak Securities Incorporated raised its holdings in shares of Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG) by 18.7% during the 2nd quarter, HoldingsChannel reports. The fund owned 46,481 shares of the company’s stock after purchasing an additional 7,329 shares during the period. Silver Oak Securities Incorporated’s holdings in Mitsubishi UFJ Financial Group were worth $638,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Caitong International Asset Management Co. Ltd purchased a new position in Mitsubishi UFJ Financial Group during the 1st quarter valued at about $32,000. Nisa Investment Advisors LLC purchased a new position in Mitsubishi UFJ Financial Group during the 1st quarter valued at about $41,000. Financial Management Professionals Inc. grew its stake in Mitsubishi UFJ Financial Group by 116.7% during the 1st quarter. Financial Management Professionals Inc. now owns 3,257 shares of the company’s stock valued at $44,000 after acquiring an additional 1,754 shares in the last quarter. Geneos Wealth Management Inc. grew its stake in Mitsubishi UFJ Financial Group by 245.3% during the 1st quarter. Geneos Wealth Management Inc. now owns 4,790 shares of the company’s stock valued at $65,000 after acquiring an additional 3,403 shares in the last quarter. Finally, Olde Wealth Management LLC purchased a new position in Mitsubishi UFJ Financial Group during the 1st quarter valued at about $87,000. Hedge funds and other institutional investors own 13.59% of the company’s stock.

Analyst Upgrades and Downgrades

MUFG has been the subject of several recent research reports. Wall Street Zen raised Mitsubishi UFJ Financial Group from a “sell” rating to a “hold” rating in a research note on Saturday, August 9th. Zacks Research raised Mitsubishi UFJ Financial Group from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, August 26th. One analyst has rated the stock with a Strong Buy rating, Based on data from MarketBeat.com, Mitsubishi UFJ Financial Group has a consensus rating of “Strong Buy”.

Mitsubishi UFJ Financial Group Price Performance

NYSE MUFG opened at $15.87 on Monday. 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 fifty day simple moving average of $14.83 and a 200 day simple moving average of $13.73. 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 has a market cap of $191.51 billion, a P/E ratio of 14.69, a P/E/G ratio of 1.15 and a beta of 0.39.

Mitsubishi UFJ Financial Group (NYSE:MUFG) last announced its earnings results on Monday, August 4th. The company reported $0.32 EPS for the quarter, topping the consensus estimate of $0.29 by $0.03. The firm had revenue of $22.10 billion for the quarter, compared to the consensus estimate of $9.86 billion. Mitsubishi UFJ Financial Group had a net margin of 13.95% and a return on equity of 9.35%. On average, sell-side analysts predict that Mitsubishi UFJ Financial Group, Inc. will post 0.99 EPS for the current 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.