Main Street Research LLC Purchases Shares of 30,205 Mitsubishi UFJ Financial Group, Inc. $MUFG

Main Street Research LLC purchased a new stake in shares of Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 30,205 shares of the company’s stock, valued at approximately $479,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of MUFG. Laurel Wealth Advisors LLC purchased a new position in shares of Mitsubishi UFJ Financial Group in the 4th quarter valued at approximately $26,000. Westside Investment Management Inc. raised its position in shares of Mitsubishi UFJ Financial Group by 100.0% in the 3rd quarter. Westside Investment Management Inc. now owns 1,846 shares of the company’s stock valued at $29,000 after purchasing an additional 923 shares during the last quarter. JPL Wealth Management LLC purchased a new position in shares of Mitsubishi UFJ Financial Group in the 3rd quarter valued at approximately $34,000. Redmont Wealth Advisors LLC purchased a new position in shares of Mitsubishi UFJ Financial Group in the 3rd quarter valued at approximately $35,000. Finally, Sound Income Strategies LLC raised its position in shares of Mitsubishi UFJ Financial Group by 716.4% in the 4th quarter. Sound Income Strategies LLC now owns 2,482 shares of the company’s stock valued at $39,000 after purchasing an additional 2,178 shares during the last quarter. 13.59% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings raised shares of Mitsubishi UFJ Financial Group from a “hold (c)” rating to a “buy (b-)” rating in a research report on Thursday, February 5th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, Mitsubishi UFJ Financial Group presently has an average rating of “Buy”.

Mitsubishi UFJ Financial Group Price Performance

Shares of NYSE MUFG opened at $19.40 on Monday. The stock has a market capitalization of $230.28 billion, a price-to-earnings ratio of 13.76, a PEG ratio of 0.79 and a beta of 0.40. Mitsubishi UFJ Financial Group, Inc. has a 12 month low of $13.19 and a 12 month high of $20.15. The firm’s 50 day simple moving average is $17.74 and its 200-day simple moving average is $17.26.

Mitsubishi UFJ Financial Group (NYSE:MUFG) last issued its quarterly earnings data on Thursday, May 21st. The company reported $0.33 EPS for the quarter, topping analysts’ consensus estimates of $0.20 by $0.13. The business had revenue of $15.36 billion for the quarter, compared to analysts’ expectations of $9.34 billion. Mitsubishi UFJ Financial Group had a net margin of 16.65% and a return on equity of 11.07%. Analysts anticipate that Mitsubishi UFJ Financial Group, Inc. will post 1.42 earnings per share for the current fiscal year.

About Mitsubishi UFJ Financial Group

Mitsubishi UFJ Financial Group, Inc (MUFG) is a Tokyo-based financial services holding company and one of Japan’s largest banking groups and among the world’s leading financial institutions. The group was formed through the integration of Mitsubishi Tokyo Financial Group and UFJ Holdings and operates a comprehensive suite of banking and financial services for retail, corporate, and institutional clients. MUFG’s core banking operations are conducted through its commercial banking arm and a network of domestic and international subsidiaries and affiliates.

MUFG offers a broad range of products and services including commercial and retail banking, corporate and investment banking, global transaction banking, trust banking, asset management, securities and brokerage services, credit cards, consumer finance, leasing and custody services.