JPMorgan Chase & Co. Has $10.59 Million Stock Holdings in Mitsubishi UFJ Financial Group, Inc. $MUFG

JPMorgan Chase & Co. boosted its stake in shares of Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG) by 79.4% during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 771,913 shares of the company’s stock after buying an additional 341,671 shares during the period. JPMorgan Chase & Co.’s holdings in Mitsubishi UFJ Financial Group were worth $10,591,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Goldman Sachs Group Inc. lifted its position in Mitsubishi UFJ Financial Group by 2.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 12,652,332 shares of the company’s stock valued at $172,451,000 after acquiring an additional 288,583 shares in the last quarter. First Horizon Advisors Inc. lifted its holdings in shares of Mitsubishi UFJ Financial Group by 2,464.2% in the second quarter. First Horizon Advisors Inc. now owns 4,590 shares of the company’s stock valued at $63,000 after purchasing an additional 4,411 shares in the last quarter. SCS Capital Management LLC acquired a new position in shares of Mitsubishi UFJ Financial Group during the first quarter worth about $2,593,000. Wealth Enhancement Advisory Services LLC grew its holdings in shares of Mitsubishi UFJ Financial Group by 109.3% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 21,946 shares of the company’s stock worth $306,000 after buying an additional 11,460 shares in the last quarter. Finally, Whalen Wealth Management Inc. acquired a new stake in Mitsubishi UFJ Financial Group in the 2nd quarter valued at approximately $259,000. Institutional investors own 13.59% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on MUFG. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Mitsubishi UFJ Financial Group in a research note on Wednesday, October 8th. Zacks Research downgraded shares of Mitsubishi UFJ Financial Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 1st. Two investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Hold”.

Mitsubishi UFJ Financial Group Trading Down 2.3%

NYSE MUFG opened at $15.91 on Tuesday. Mitsubishi UFJ Financial Group, Inc. has a 12 month low of $10.46 and a 12 month high of $16.39. The company has a current ratio of 0.85, a quick ratio of 0.89 and a debt-to-equity ratio of 1.39. The stock has a 50 day moving average of $15.35 and a 200-day moving average of $14.77. The company has a market cap of $191.94 billion, a PE ratio of 14.20, a PEG ratio of 1.19 and a beta of 0.34.

Mitsubishi UFJ Financial Group (NYSE:MUFG) last posted its quarterly earnings results on Friday, November 14th. The company reported $0.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.34 by $0.10. The firm had revenue of $23.61 billion for the quarter, compared to analyst estimates of $9.19 billion. Mitsubishi UFJ Financial Group had a net margin of 13.98% and a return on equity of 9.39%. On average, equities research analysts anticipate that Mitsubishi UFJ Financial Group, Inc. will post 0.99 EPS for the current fiscal year.

About Mitsubishi UFJ Financial Group

Mitsubishi UFJ Financial Group, Inc operates as the bank holding company, that engages in a range of financial businesses in Japan, the United States, Europe, Asia/Oceania, and internationally. It operates through seven segments: Digital Service, Retail & Commercial Banking, Japanese Corporate & Investment Banking, Global Commercial Banking, Asset Management & Investor Services, Global Corporate & Investment Banking, and Global Markets.