Mitsubishi UFJ Financial Group, Inc. $MUFG Shares Acquired by Optas LLC

Optas LLC raised its stake in shares of Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG) by 8.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 38,121 shares of the company’s stock after purchasing an additional 2,811 shares during the quarter. Optas LLC’s holdings in Mitsubishi UFJ Financial Group were worth $523,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of MUFG. Merit Financial Group LLC acquired a new position in Mitsubishi UFJ Financial Group during the 1st quarter valued at approximately $183,000. Wedmont Private Capital increased its stake in Mitsubishi UFJ Financial Group by 3.9% during the 1st quarter. Wedmont Private Capital now owns 29,658 shares of the company’s stock valued at $404,000 after purchasing an additional 1,126 shares in the last quarter. GAMMA Investing LLC increased its stake in Mitsubishi UFJ Financial Group by 23.0% during the 1st quarter. GAMMA Investing LLC now owns 44,607 shares of the company’s stock valued at $608,000 after purchasing an additional 8,349 shares in the last quarter. SG Americas Securities LLC increased its stake in Mitsubishi UFJ Financial Group by 143.2% during the 1st quarter. SG Americas Securities LLC now owns 40,264 shares of the company’s stock valued at $549,000 after purchasing an additional 23,706 shares in the last quarter. Finally, Simon Quick Advisors LLC increased its stake in Mitsubishi UFJ Financial Group by 73.3% during the 1st quarter. Simon Quick Advisors LLC now owns 26,357 shares of the company’s stock valued at $359,000 after purchasing an additional 11,152 shares in the last quarter. Institutional investors and hedge funds own 13.59% of the company’s stock.

Mitsubishi UFJ Financial Group Trading Up 1.2%

MUFG stock opened at $15.36 on Thursday. The company’s 50-day simple moving average is $15.32 and its 200-day simple moving average is $13.92. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 1.86. Mitsubishi UFJ Financial Group, Inc. has a 52-week low of $10.10 and a 52-week high of $16.24. The firm has a market cap of $185.36 billion, a P/E ratio of 14.22, a PEG ratio of 1.11 and a beta of 0.38.

Mitsubishi UFJ Financial Group (NYSE:MUFG) last posted its earnings results on Monday, August 4th. The company reported $0.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.29 by $0.03. The business had revenue of $22.10 billion for the quarter, compared to analyst estimates of $9.86 billion. Mitsubishi UFJ Financial Group had a net margin of 13.95% and a return on equity of 9.35%. As a group, equities analysts forecast that Mitsubishi UFJ Financial Group, Inc. will post 0.99 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. Wall Street Zen upgraded shares of Mitsubishi UFJ Financial Group from a “sell” rating to a “hold” rating in a research note on Saturday, August 9th. Weiss Ratings reiterated a “hold (c)” rating on shares of Mitsubishi UFJ Financial Group in a research note on Wednesday. Finally, Zacks Research upgraded shares of Mitsubishi UFJ Financial Group from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, August 26th. One research analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy”.

Mitsubishi UFJ Financial Group Profile

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.