Allspring Global Investments Holdings LLC Raises Stock Position in Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG)

Allspring Global Investments Holdings LLC increased its holdings in shares of Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG) by 10.1% during the fourth quarter, Holdings Channel.com reports. The firm owned 83,516 shares of the company’s stock after buying an additional 7,629 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Mitsubishi UFJ Financial Group were worth $982,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Venturi Wealth Management LLC raised its holdings in shares of Mitsubishi UFJ Financial Group by 72.8% in the third quarter. Venturi Wealth Management LLC now owns 5,292 shares of the company’s stock worth $54,000 after buying an additional 2,229 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new position in Mitsubishi UFJ Financial Group in the third quarter valued at $55,000. Versant Capital Management Inc purchased a new position in Mitsubishi UFJ Financial Group in the fourth quarter valued at $71,000. Golden State Wealth Management LLC acquired a new stake in shares of Mitsubishi UFJ Financial Group in the fourth quarter valued at about $111,000. Finally, Eagle Bay Advisors LLC grew its position in shares of Mitsubishi UFJ Financial Group by 9.3% in the fourth quarter. Eagle Bay Advisors LLC now owns 10,094 shares of the company’s stock valued at $118,000 after purchasing an additional 858 shares during the period. 13.59% of the stock is currently owned by institutional investors and hedge funds.

Mitsubishi UFJ Financial Group Price Performance

Shares of MUFG stock opened at $12.67 on Monday. The company has a debt-to-equity ratio of 2.06, a current ratio of 0.90 and a quick ratio of 0.92. The firm’s 50-day moving average is $12.19 and its two-hundred day moving average is $11.29. Mitsubishi UFJ Financial Group, Inc. has a 12 month low of $8.75 and a 12 month high of $13.34. The company has a market capitalization of $152.84 billion, a PE ratio of 11.62, a price-to-earnings-growth ratio of 1.16 and a beta of 0.61.

Mitsubishi UFJ Financial Group (NYSE:MUFG) last announced its earnings results on Tuesday, February 4th. The company reported $0.28 earnings per share for the quarter, topping the consensus estimate of $0.19 by $0.09. Mitsubishi UFJ Financial Group had a net margin of 14.19% and a return on equity of 9.27%. Analysts predict that Mitsubishi UFJ Financial Group, Inc. will post 0.99 earnings per share for the current year.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded shares of Mitsubishi UFJ Financial Group from a “sell” rating to a “hold” rating in a research report on Saturday, November 23rd.

Mitsubishi UFJ Financial Group Company 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.