Quantbot Technologies LP Takes $2.73 Million Position in Mitsubishi UFJ Financial Group, Inc. $MUFG

Quantbot Technologies LP acquired a new position in Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 199,252 shares of the company’s stock, valued at approximately $2,734,000.

Several other large investors also recently added to or reduced their stakes in MUFG. Cetera Investment Advisers increased its stake in Mitsubishi UFJ Financial Group by 10.9% in the 1st quarter. Cetera Investment Advisers now owns 141,984 shares of the company’s stock worth $1,935,000 after acquiring an additional 13,904 shares during the last quarter. LPL Financial LLC increased its position in shares of Mitsubishi UFJ Financial Group by 37.4% in the first quarter. LPL Financial LLC now owns 458,231 shares of the company’s stock worth $6,246,000 after purchasing an additional 124,828 shares during the last quarter. Commerce Bank raised its stake in Mitsubishi UFJ Financial Group by 5.3% in the first quarter. Commerce Bank now owns 17,478 shares of the company’s stock valued at $238,000 after purchasing an additional 878 shares in the last quarter. PNC Financial Services Group Inc. lifted its position in Mitsubishi UFJ Financial Group by 12.5% during the first quarter. PNC Financial Services Group Inc. now owns 343,602 shares of the company’s stock valued at $4,683,000 after purchasing an additional 38,196 shares during the last quarter. Finally, Atria Wealth Solutions Inc. grew its stake in Mitsubishi UFJ Financial Group by 12.4% in the 1st quarter. Atria Wealth Solutions Inc. now owns 15,588 shares of the company’s stock worth $212,000 after buying an additional 1,721 shares in the last quarter. Institutional investors own 13.59% of the company’s stock.

Mitsubishi UFJ Financial Group Price Performance

MUFG stock opened at $16.03 on Friday. The firm has a market cap of $193.39 billion, a P/E ratio of 14.31, a P/E/G ratio of 1.15 and a beta of 0.34. The firm’s fifty day moving average is $15.34 and its 200 day moving average is $14.73. Mitsubishi UFJ Financial Group, Inc. has a 52 week low of $10.46 and a 52 week high of $16.39. The company has a debt-to-equity ratio of 1.39, a quick ratio of 0.89 and a current ratio of 0.85.

Mitsubishi UFJ Financial Group (NYSE:MUFG) last posted its quarterly earnings results on Friday, November 14th. The company reported $0.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.34 by $0.10. Mitsubishi UFJ Financial Group had a net margin of 13.98% and a return on equity of 9.39%. The business had revenue of $23.61 billion during the quarter, compared to analyst estimates of $9.19 billion. Research analysts predict that Mitsubishi UFJ Financial Group, Inc. will post 0.99 earnings per share for the current year.

Analyst Ratings Changes

Several analysts have recently weighed in on MUFG shares. 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. Zacks Research downgraded Mitsubishi UFJ Financial Group from a “strong-buy” rating to a “hold” rating in a research report on Monday. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Mitsubishi UFJ Financial Group in a research note on Wednesday, October 8th. Two research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company has a consensus rating of “Hold”.

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.