QP Wealth Management LLC Purchases 73,921 Shares of Mitsubishi UFJ Financial Group, Inc. $MUFG

QP Wealth Management LLC bought a new stake in Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG) in the 3rd quarter, according to its most recent disclosure with the SEC. The fund bought 73,921 shares of the company’s stock, valued at approximately $1,705,000. Mitsubishi UFJ Financial Group makes up approximately 2.6% of QP Wealth Management LLC’s portfolio, making the stock its 11th biggest holding.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Quantinno Capital Management LP increased its stake in Mitsubishi UFJ Financial Group by 21.4% during the 1st quarter. Quantinno Capital Management LP now owns 2,399,601 shares of the company’s stock worth $40,721,000 after buying an additional 423,058 shares during the period. XY Capital Ltd lifted its holdings in Mitsubishi UFJ Financial Group by 710.6% during the 1st quarter. XY Capital Ltd now owns 411,425 shares of the company’s stock worth $6,982,000 after buying an additional 360,670 shares in the last quarter. Royal Bank of Canada lifted its holdings in Mitsubishi UFJ Financial Group by 5.7% during the 1st quarter. Royal Bank of Canada now owns 6,315,948 shares of the company’s stock worth $107,182,000 after buying an additional 338,881 shares in the last quarter. QRG Capital Management Inc. boosted its position in Mitsubishi UFJ Financial Group by 28.6% in the 2nd quarter. QRG Capital Management Inc. now owns 817,288 shares of the company’s stock valued at $16,256,000 after buying an additional 181,696 shares during the period. Finally, TD Waterhouse Canada Inc. boosted its position in Mitsubishi UFJ Financial Group by 18.3% in the 3rd quarter. TD Waterhouse Canada Inc. now owns 1,097,840 shares of the company’s stock valued at $24,827,000 after buying an additional 169,723 shares during the period. 13.59% of the stock is currently owned by hedge funds and other institutional investors.

Mitsubishi UFJ Financial Group Trading Down 0.9%

Shares of Mitsubishi UFJ Financial Group stock opened at $21.45 on Wednesday. The company has a fifty day simple moving average of $22.85 and a 200-day simple moving average of $20.95. Mitsubishi UFJ Financial Group, Inc. has a 12-month low of $14.72 and a 12-month high of $24.26. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 1.10. The stock has a market cap of $254.62 billion, a price-to-earnings ratio of 14.02, a PEG ratio of 0.80 and a beta of 0.44.

Mitsubishi UFJ Financial Group (NYSE:MUFG) last released its quarterly earnings results on Tuesday, August 4th. The company reported $0.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.35 by $0.10. The firm had revenue of $15.11 billion for the quarter, compared to the consensus estimate of $10.06 billion. Mitsubishi UFJ Financial Group had a return on equity of 12.30% and a net margin of 17.63%. On average, equities analysts forecast that Mitsubishi UFJ Financial Group, Inc. will post 1.60 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the company. Erste Group Bank began coverage on Mitsubishi UFJ Financial Group in a research report on Thursday, June 25th. They set a “buy” rating on the stock. Mitsubishi UFJ Financial Group initiated coverage on Mitsubishi UFJ Financial Group in a report on Thursday, June 25th. They issued a “buy” rating for the company. Zacks Research upgraded Mitsubishi UFJ Financial Group from a “hold” rating to a “strong-buy” rating in a report on Monday, October 5th. Finally, Weiss Ratings raised Mitsubishi UFJ Financial Group from a “hold (c)” rating to a “buy (b-)” rating in a research note on Friday, September 25th. Two equities research analysts have rated the stock with a Strong Buy rating and three have given a Buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Buy”.

Mitsubishi UFJ Financial Group Company Profile

Mitsubishi UFJ Financial Group, Inc (NYSE: MUFG) is a Japanese financial services holding company headquartered in Tokyo. Established in 2005 through the merger of Mitsubishi Tokyo Financial Group and UFJ Holdings, the group is one of Japan’s largest banking organizations and serves corporate, institutional, government and individual customers.

Through its principal subsidiaries, including MUFG Bank, Mitsubishi UFJ Trust and Banking Corporation and Mitsubishi UFJ Securities Holdings, the company provides commercial and investment banking, trust banking, securities underwriting and brokerage, asset management, credit cards, consumer finance and leasing services.