Ieq Capital LLC Increases Holdings in Mitsubishi UFJ Financial Group, Inc. $MUFG

Ieq Capital LLC boosted its holdings in shares of Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG) by 10.3% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 25,069 shares of the company’s stock after buying an additional 2,334 shares during the period. Ieq Capital LLC’s holdings in Mitsubishi UFJ Financial Group were worth $342,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in MUFG. Caitong International Asset Management Co. Ltd bought a new stake in Mitsubishi UFJ Financial Group during the first quarter worth about $32,000. Nisa Investment Advisors LLC bought a new stake in Mitsubishi UFJ Financial Group during the first quarter worth about $41,000. Financial Management Professionals Inc. lifted its stake in Mitsubishi UFJ Financial Group by 116.7% during the first 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 during the last quarter. Olde Wealth Management LLC bought a new stake in Mitsubishi UFJ Financial Group during the first quarter worth about $87,000. Finally, Cary Street Partners Financial LLC bought a new stake in Mitsubishi UFJ Financial Group during the fourth quarter worth about $98,000. Institutional investors own 13.59% of the company’s stock.

Analyst Ratings Changes

Several brokerages have issued reports on MUFG. Zacks Research raised Mitsubishi UFJ Financial Group from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, August 26th. Wall Street Zen raised Mitsubishi UFJ Financial Group from a “sell” rating to a “hold” rating in a research note on Saturday, August 9th. One investment analyst has rated the stock with a Strong Buy rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Strong Buy”.

Mitsubishi UFJ Financial Group Stock Down 0.6%

Shares of NYSE:MUFG opened at $15.29 on Friday. Mitsubishi UFJ Financial Group, Inc. has a 1 year low of $9.85 and a 1 year high of $16.16. The company has a market cap of $184.45 billion, a PE ratio of 14.15, a P/E/G ratio of 1.40 and a beta of 0.39. The company has a debt-to-equity ratio of 1.86, a current ratio of 0.89 and a quick ratio of 0.89. The stock’s 50-day moving average is $14.44 and its 200 day moving average is $13.53.

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

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.