Mitsubishi UFJ Financial Group, Inc. $MUFG Shares Purchased by Anthracite Investment Company Inc.

Anthracite Investment Company Inc. lifted its position in Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG) by 83.4% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 109,942 shares of the company’s stock after acquiring an additional 50,000 shares during the period. Anthracite Investment Company Inc.’s holdings in Mitsubishi UFJ Financial Group were worth $1,508,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in the company. Wealth Enhancement Advisory Services LLC purchased a new stake in Mitsubishi UFJ Financial Group in the first quarter valued at $143,000. Goldman Sachs Group Inc. boosted its holdings in Mitsubishi UFJ Financial Group by 2.3% in the first quarter. Goldman Sachs Group Inc. now owns 12,652,332 shares of the company’s stock valued at $172,451,000 after purchasing an additional 288,583 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in Mitsubishi UFJ Financial Group by 5.6% in the first quarter. Allspring Global Investments Holdings LLC now owns 88,180 shares of the company’s stock valued at $1,163,000 after purchasing an additional 4,664 shares during the last quarter. Nisa Investment Advisors LLC purchased a new stake in Mitsubishi UFJ Financial Group in the first quarter valued at $41,000. Finally, SCS Capital Management LLC purchased a new stake in Mitsubishi UFJ Financial Group in the first quarter valued at $2,593,000. 13.59% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Mitsubishi UFJ Financial Group in a report on Saturday. Wall Street Zen raised shares of Mitsubishi UFJ Financial Group from a “sell” rating to a “hold” rating in a report on Saturday, August 9th. Finally, Zacks Research raised shares of Mitsubishi UFJ Financial Group from a “hold” rating to a “strong-buy” rating in a report on Tuesday, August 26th. One investment analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy”.

Mitsubishi UFJ Financial Group Stock Down 1.1%

MUFG opened at $14.77 on Friday. Mitsubishi UFJ Financial Group, Inc. has a twelve month low of $10.20 and a twelve month high of $16.24. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 1.86. The company has a 50-day moving average price of $15.44 and a 200 day moving average price of $14.10. The company has a market cap of $178.18 billion, a PE ratio of 13.67, a price-to-earnings-growth ratio of 1.08 and a beta of 0.38.

Mitsubishi UFJ Financial Group (NYSE:MUFG) last released its quarterly earnings results on Monday, August 4th. The company reported $0.32 earnings per share for the quarter, topping the consensus estimate of $0.29 by $0.03. The firm had revenue of $22.10 billion during the quarter, compared to the consensus estimate of $9.86 billion. Mitsubishi UFJ Financial Group had a net margin of 13.95% and a return on equity of 9.35%. Sell-side analysts expect that Mitsubishi UFJ Financial Group, Inc. will post 0.99 earnings per share 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.