Walleye Capital LLC Buys Shares of 32,408 Mitsubishi UFJ Financial Group, Inc. $MUFG

Walleye Capital LLC bought a new stake in shares of Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG) during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 32,408 shares of the company’s stock, valued at approximately $442,000.

Other large investors also recently added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC acquired a new position in Mitsubishi UFJ Financial Group during the 1st quarter valued at about $143,000. Allspring Global Investments Holdings LLC raised its position in shares of Mitsubishi UFJ Financial Group by 5.6% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 88,180 shares of the company’s stock valued at $1,163,000 after acquiring an additional 4,664 shares during the period. Nisa Investment Advisors LLC acquired a new stake in shares of Mitsubishi UFJ Financial Group in the 1st quarter valued at approximately $41,000. Sowell Financial Services LLC acquired a new stake in shares of Mitsubishi UFJ Financial Group in the 1st quarter valued at approximately $183,000. Finally, Cetera Investment Advisers raised its position in shares of Mitsubishi UFJ Financial Group by 10.9% in the 1st quarter. Cetera Investment Advisers now owns 141,984 shares of the company’s stock valued at $1,935,000 after acquiring an additional 13,904 shares during the period. 13.59% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages recently weighed in on MUFG. Zacks Research upgraded shares of Mitsubishi UFJ Financial Group from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, August 26th. Wall Street Zen upgraded shares of Mitsubishi UFJ Financial Group from a “sell” rating to a “hold” rating in a research report on Saturday, August 9th. One investment analyst has rated the stock with a Strong Buy rating, Based on data from MarketBeat, the company currently has an average rating of “Strong Buy”.

Mitsubishi UFJ Financial Group Stock Performance

Shares of MUFG stock opened at $15.31 on Wednesday. The company has a debt-to-equity ratio of 1.86, a quick ratio of 0.89 and a current ratio of 0.89. The company has a market capitalization of $184.70 billion, a P/E ratio of 14.17, a price-to-earnings-growth ratio of 1.40 and a beta of 0.39. The company’s 50 day moving average price is $14.35 and its two-hundred day moving average price is $13.49. Mitsubishi UFJ Financial Group, Inc. has a 52 week low of $9.85 and a 52 week high of $16.16.

Mitsubishi UFJ Financial Group (NYSE:MUFG) last announced its earnings results on Monday, August 4th. The company reported $0.32 EPS for the quarter, topping the consensus estimate of $0.29 by $0.03. The firm had revenue of $22.10 billion for 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%. On average, analysts expect that Mitsubishi UFJ Financial Group, Inc. will post 0.99 earnings per share for the current fiscal year.

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.