Diversify Wealth Management LLC Purchases 74,042 Shares of Mitsubishi UFJ Financial Group, Inc. $MUFG

Diversify Wealth Management LLC lifted its position in Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG) by 48.4% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 227,153 shares of the company’s stock after purchasing an additional 74,042 shares during the period. Diversify Wealth Management LLC’s holdings in Mitsubishi UFJ Financial Group were worth $3,962,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Laurel Wealth Advisors LLC purchased a new position in shares of Mitsubishi UFJ Financial Group during the 4th quarter valued at $26,000. Whipplewood Advisors LLC purchased a new stake in Mitsubishi UFJ Financial Group in the 1st quarter worth $29,000. JPL Wealth Management LLC purchased a new stake in Mitsubishi UFJ Financial Group in the 3rd quarter worth $34,000. Sound Income Strategies LLC raised its holdings in Mitsubishi UFJ Financial Group by 716.4% during the fourth quarter. Sound Income Strategies LLC now owns 2,482 shares of the company’s stock valued at $39,000 after acquiring an additional 2,178 shares during the period. Finally, Root Financial Partners LLC raised its holdings in Mitsubishi UFJ Financial Group by 96.2% during the fourth quarter. Root Financial Partners LLC now owns 2,562 shares of the company’s stock valued at $41,000 after acquiring an additional 1,256 shares during the period. 13.59% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. Erste Group Bank started coverage on Mitsubishi UFJ Financial Group in a research note on Thursday, June 25th. They issued a “buy” rating for the company. Mitsubishi UFJ Financial Group started coverage on Mitsubishi UFJ Financial Group in a research note on Thursday, June 25th. They set a “buy” rating on the stock. Finally, Weiss Ratings raised Mitsubishi UFJ Financial Group from a “buy (b-)” rating to a “buy (b)” rating in a research note on Tuesday, June 30th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, Mitsubishi UFJ Financial Group currently has an average rating of “Buy”.

Mitsubishi UFJ Financial Group Price Performance

Shares of NYSE:MUFG opened at $21.64 on Monday. The firm has a market cap of $256.84 billion, a price-to-earnings ratio of 15.35, a P/E/G ratio of 0.85 and a beta of 0.39. The firm has a fifty day moving average price of $19.69 and a 200 day moving average price of $18.38. Mitsubishi UFJ Financial Group, Inc. has a fifty-two week low of $13.19 and a fifty-two week high of $21.73. The company has a debt-to-equity ratio of 1.75, a quick ratio of 0.98 and a current ratio of 0.98.

About Mitsubishi UFJ Financial Group

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.