US Bancorp DE Raises Position in Mitsubishi UFJ Financial Group, Inc. $MUFG

US Bancorp DE increased its holdings in Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG) by 1.8% during the second quarter, Holdings Channel.com reports. The firm owned 378,662 shares of the company’s stock after acquiring an additional 6,848 shares during the quarter. US Bancorp DE’s holdings in Mitsubishi UFJ Financial Group were worth $5,195,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in MUFG. GAMMA Investing LLC raised its position in Mitsubishi UFJ Financial Group by 23.0% in the 1st quarter. GAMMA Investing LLC now owns 44,607 shares of the company’s stock worth $608,000 after purchasing an additional 8,349 shares during the period. SG Americas Securities LLC increased its position in shares of Mitsubishi UFJ Financial Group by 143.2% in the first quarter. SG Americas Securities LLC now owns 40,264 shares of the company’s stock valued at $549,000 after acquiring an additional 23,706 shares during the period. Wealth Enhancement Advisory Services LLC purchased a new position in shares of Mitsubishi UFJ Financial Group in the first quarter valued at about $143,000. Janney Montgomery Scott LLC increased its position in shares of Mitsubishi UFJ Financial Group by 1.3% in the first quarter. Janney Montgomery Scott LLC now owns 119,616 shares of the company’s stock valued at $1,630,000 after acquiring an additional 1,497 shares during the period. Finally, Sowell Financial Services LLC purchased a new position in shares of Mitsubishi UFJ Financial Group in the first quarter valued at about $183,000. Hedge funds and other institutional investors own 13.59% of the company’s stock.

Mitsubishi UFJ Financial Group Trading Up 1.5%

NYSE:MUFG opened at $14.85 on Tuesday. Mitsubishi UFJ Financial Group, Inc. has a one year low of $10.15 and a one year high of $16.24. The company has a debt-to-equity ratio of 1.86, a current ratio of 0.89 and a quick ratio of 0.89. The company’s 50-day simple moving average is $15.38 and its 200 day simple moving average is $13.92. The firm has a market capitalization of $179.15 billion, a P/E ratio of 13.75, a PEG ratio of 1.07 and a beta of 0.38.

Mitsubishi UFJ Financial Group (NYSE:MUFG) last posted its quarterly earnings data on Monday, August 4th. The company reported $0.32 EPS for the quarter, topping 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 business had revenue of $22.10 billion for the quarter, compared to analyst estimates of $9.86 billion. As a group, analysts forecast that Mitsubishi UFJ Financial Group, Inc. will post 0.99 EPS for the current fiscal year.

Wall Street Analyst Weigh In

MUFG has been the topic of a number of analyst reports. Wall Street Zen upgraded shares of Mitsubishi UFJ Financial Group from a “sell” rating to a “hold” rating in a research report on Saturday, August 9th. Weiss Ratings restated a “hold (c)” rating on shares of Mitsubishi UFJ Financial Group in a research report on Wednesday, October 8th. Finally, Zacks Research upgraded shares of Mitsubishi UFJ Financial Group from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, August 26th. One equities research analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Buy”.

About Mitsubishi UFJ Financial Group

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.