PNC Financial Services Group Inc. Increases Stock Holdings in Mitsubishi UFJ Financial Group, Inc. $MUFG

PNC Financial Services Group Inc. lifted its position in shares of Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG) by 9.6% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 325,379 shares of the company’s stock after buying an additional 28,486 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Mitsubishi UFJ Financial Group were worth $5,522,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Madison Asset Management LLC grew its stake in Mitsubishi UFJ Financial Group by 6.9% in the 1st quarter. Madison Asset Management LLC now owns 159,836 shares of the company’s stock valued at $2,712,000 after acquiring an additional 10,266 shares during the last quarter. AlTi Global Inc. raised its position in Mitsubishi UFJ Financial Group by 99.1% during the first quarter. AlTi Global Inc. now owns 22,871 shares of the company’s stock worth $388,000 after acquiring an additional 11,383 shares during the last quarter. Earned Wealth Advisors LLC lifted its holdings in shares of Mitsubishi UFJ Financial Group by 21.9% in the first quarter. Earned Wealth Advisors LLC now owns 15,362 shares of the company’s stock valued at $261,000 after purchasing an additional 2,762 shares in the last quarter. Parallel Advisors LLC lifted its holdings in shares of Mitsubishi UFJ Financial Group by 34.1% in the first quarter. Parallel Advisors LLC now owns 63,185 shares of the company’s stock valued at $1,072,000 after purchasing an additional 16,061 shares in the last quarter. Finally, Dorsey Wright & Associates grew its position in shares of Mitsubishi UFJ Financial Group by 39.3% in the first quarter. Dorsey Wright & Associates now owns 223,030 shares of the company’s stock valued at $3,785,000 after purchasing an additional 62,918 shares during the last quarter. 13.59% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on MUFG shares. Erste Group Bank started coverage on shares of Mitsubishi UFJ Financial Group in a research note on Thursday, June 25th. They set a “buy” rating for the company. Mitsubishi UFJ Financial Group began coverage on Mitsubishi UFJ Financial Group in a research note on Thursday, June 25th. They issued a “buy” rating on the stock. Finally, Weiss Ratings cut Mitsubishi UFJ Financial Group from a “buy (b)” rating to a “hold (c)” rating in a report on Tuesday, July 14th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, Mitsubishi UFJ Financial Group currently has an average rating of “Moderate Buy”.

Mitsubishi UFJ Financial Group Trading Up 0.9%

Shares of MUFG stock opened at $23.09 on Tuesday. The company has a market capitalization of $274.08 billion, a price-to-earnings ratio of 16.38, a PEG ratio of 1.10 and a beta of 0.39. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 1.75. The firm has a 50-day moving average price of $20.56 and a 200 day moving average price of $18.87. Mitsubishi UFJ Financial Group, Inc. has a twelve month low of $13.62 and a twelve month high of $23.25.

Mitsubishi UFJ Financial Group 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.