Janney Montgomery Scott LLC Acquires 1,497 Shares of Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG)

Janney Montgomery Scott LLC grew its holdings in shares of Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG) by 1.3% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 119,616 shares of the company’s stock after buying an additional 1,497 shares during the period. Janney Montgomery Scott LLC’s holdings in Mitsubishi UFJ Financial Group were worth $1,630,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of MUFG. Whipplewood Advisors LLC bought a new position in Mitsubishi UFJ Financial Group in the 4th quarter worth about $29,000. Financial Management Professionals Inc. boosted its stake in Mitsubishi UFJ Financial Group by 116.7% in the 1st quarter. Financial Management Professionals Inc. now owns 3,257 shares of the company’s stock worth $44,000 after purchasing an additional 1,754 shares in the last quarter. Steward Partners Investment Advisory LLC boosted its stake in Mitsubishi UFJ Financial Group by 33.9% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 5,056 shares of the company’s stock worth $59,000 after purchasing an additional 1,279 shares in the last quarter. Cary Street Partners Financial LLC bought a new position in Mitsubishi UFJ Financial Group in the 4th quarter worth about $98,000. Finally, May Hill Capital LLC bought a new position in Mitsubishi UFJ Financial Group in the 4th quarter worth about $121,000. Institutional investors own 13.59% of the company’s stock.

Mitsubishi UFJ Financial Group Price Performance

Shares of Mitsubishi UFJ Financial Group stock opened at $13.89 on Friday. The stock has a market cap of $167.56 billion, a price-to-earnings ratio of 13.22, a PEG ratio of 0.92 and a beta of 0.42. The firm’s 50-day moving average is $13.24 and its 200 day moving average is $12.74. Mitsubishi UFJ Financial Group, Inc. has a 1 year low of $8.75 and a 1 year high of $15.03.

Mitsubishi UFJ Financial Group (NYSE:MUFG) last posted its earnings results on Thursday, May 15th. The company reported $0.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.03 by $0.10. The business had revenue of $22.91 billion for the quarter, compared to analysts’ expectations of $6.47 billion. Mitsubishi UFJ Financial Group had a net margin of 13.70% and a return on equity of 9.18%. On average, equities analysts expect that Mitsubishi UFJ Financial Group, Inc. will post 0.99 EPS for the current fiscal year.

Analysts Set New Price Targets

Separately, Wall Street Zen upgraded shares of Mitsubishi UFJ Financial Group from a “sell” rating to a “hold” rating in a research note on Saturday, June 14th.

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.