QRG Capital Management Inc. Has $10.79 Million Holdings in Mitsubishi UFJ Financial Group, Inc. $MUFG

QRG Capital Management Inc. raised its position in shares of Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG) by 7.8% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 635,592 shares of the company’s stock after acquiring an additional 45,967 shares during the period. QRG Capital Management Inc.’s holdings in Mitsubishi UFJ Financial Group were worth $10,786,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in MUFG. AQR Capital Management LLC lifted its holdings in shares of Mitsubishi UFJ Financial Group by 43.8% during the first quarter. AQR Capital Management LLC now owns 334,909 shares of the company’s stock worth $4,565,000 after buying an additional 101,930 shares in the last quarter. Focus Partners Wealth grew its stake in shares of Mitsubishi UFJ Financial Group by 14.8% in the first quarter. Focus Partners Wealth now owns 15,959 shares of the company’s stock valued at $218,000 after acquiring an additional 2,058 shares in the last quarter. Geneos Wealth Management Inc. increased its position in Mitsubishi UFJ Financial Group by 245.3% during the first quarter. Geneos Wealth Management Inc. now owns 4,790 shares of the company’s stock worth $65,000 after acquiring an additional 3,403 shares during the period. Acadian Asset Management LLC raised its stake in Mitsubishi UFJ Financial Group by 104.1% in the 1st quarter. Acadian Asset Management LLC now owns 41,909 shares of the company’s stock worth $571,000 after purchasing an additional 21,379 shares in the last quarter. Finally, Sivia Capital Partners LLC raised its stake in Mitsubishi UFJ Financial Group by 68.8% in the 2nd quarter. Sivia Capital Partners LLC now owns 35,190 shares of the company’s stock worth $483,000 after purchasing an additional 14,347 shares in the last quarter. Institutional investors own 13.59% of the company’s stock.

Mitsubishi UFJ Financial Group Stock Performance

MUFG opened at $20.65 on Friday. Mitsubishi UFJ Financial Group, Inc. has a 52-week low of $13.19 and a 52-week high of $21.17. The firm has a market cap of $245.07 billion, a P/E ratio of 14.65, a price-to-earnings-growth ratio of 0.83 and a beta of 0.39. The business’s fifty day moving average is $19.30 and its 200-day moving average is $18.17.

Mitsubishi UFJ Financial Group (NYSE:MUFG) last posted its quarterly earnings results on Saturday, May 16th. The company reported $0.33 EPS for the quarter, beating analysts’ consensus estimates of $0.20 by $0.13. Mitsubishi UFJ Financial Group had a return on equity of 11.07% and a net margin of 16.65%.The business had revenue of $15.36 billion during the quarter, compared to the consensus estimate of $9.34 billion. On average, research analysts predict that Mitsubishi UFJ Financial Group, Inc. will post 1.43 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms have issued reports on MUFG. Mitsubishi UFJ Financial Group began coverage on shares of Mitsubishi UFJ Financial Group in a report on Thursday, June 25th. They issued a “buy” rating for the company. Weiss Ratings raised shares of Mitsubishi UFJ Financial Group from a “buy (b-)” rating to a “buy (b)” rating in a report on Tuesday. Finally, Erste Group Bank initiated coverage on shares of Mitsubishi UFJ Financial Group in a research report on Thursday, June 25th. They issued a “buy” rating for the company. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy”.

Mitsubishi UFJ Financial Group Company Profile

Mitsubishi UFJ Financial Group, Inc (MUFG) is a Tokyo-based financial services holding company and one of Japan’s largest banking groups and among the world’s leading financial institutions. The group was formed through the integration of Mitsubishi Tokyo Financial Group and UFJ Holdings and operates a comprehensive suite of banking and financial services for retail, corporate, and institutional clients. MUFG’s core banking operations are conducted through its commercial banking arm and a network of domestic and international subsidiaries and affiliates.

MUFG offers a broad range of products and services including commercial and retail banking, corporate and investment banking, global transaction banking, trust banking, asset management, securities and brokerage services, credit cards, consumer finance, leasing and custody services.