Sequoia Financial Advisors LLC Buys 72,603 Shares of Mitsubishi UFJ Financial Group, Inc. $MUFG

Sequoia Financial Advisors LLC raised its stake in shares of Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG) by 121.6% during the first quarter, HoldingsChannel reports. The firm owned 132,331 shares of the company’s stock after buying an additional 72,603 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in Mitsubishi UFJ Financial Group were worth $2,246,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Tudor Investment Corp ET AL lifted its position in Mitsubishi UFJ Financial Group by 834.1% in the third quarter. Tudor Investment Corp ET AL now owns 534,118 shares of the company’s stock worth $8,514,000 after buying an additional 476,941 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in Mitsubishi UFJ Financial Group by 180.1% during the third quarter. JPMorgan Chase & Co. now owns 2,162,410 shares of the company’s stock worth $34,469,000 after buying an additional 1,390,497 shares during the period. Bamco Inc. NY increased its position in Mitsubishi UFJ Financial Group by 25.5% during the third quarter. Bamco Inc. NY now owns 451,826 shares of the company’s stock valued at $7,202,000 after acquiring an additional 91,817 shares during the last quarter. Fulcrum Wealth Advisors LLC bought a new position in Mitsubishi UFJ Financial Group during the fourth quarter valued at $3,048,000. Finally, Moran Wealth Management LLC raised its stake in shares of Mitsubishi UFJ Financial Group by 37.6% in the fourth quarter. Moran Wealth Management LLC now owns 486,468 shares of the company’s stock valued at $7,715,000 after acquiring an additional 132,841 shares during the period. 13.59% of the stock is owned by institutional investors.

Mitsubishi UFJ Financial Group Stock Performance

Shares of Mitsubishi UFJ Financial Group stock opened at $22.50 on Wednesday. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 1.75. The stock’s fifty day moving average is $19.87 and its two-hundred day moving average is $18.47. Mitsubishi UFJ Financial Group, Inc. has a 52 week low of $13.19 and a 52 week high of $22.78. The company has a market capitalization of $266.96 billion, a PE ratio of 15.95, a price-to-earnings-growth ratio of 0.86 and a beta of 0.39.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. Erste Group Bank initiated coverage on shares of Mitsubishi UFJ Financial Group in a report on Thursday, June 25th. They issued a “buy” rating for the company. Mitsubishi UFJ Financial Group started coverage on shares of Mitsubishi UFJ Financial Group in a research report on Thursday, June 25th. They issued a “buy” rating on the stock. Finally, Weiss Ratings raised shares of Mitsubishi UFJ Financial Group from a “buy (b-)” rating to a “buy (b)” rating in a research note on Tuesday, June 30th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy”.

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.