First Trust Advisors LP Grows Position in Mitsubishi UFJ Financial Group, Inc. $MUFG

First Trust Advisors LP boosted its position in Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG) by 52.5% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 476,447 shares of the company’s stock after acquiring an additional 164,083 shares during the quarter. First Trust Advisors LP’s holdings in Mitsubishi UFJ Financial Group were worth $8,085,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in MUFG. Laurel Wealth Advisors LLC acquired a new position in Mitsubishi UFJ Financial Group during the 4th quarter worth approximately $26,000. Whipplewood Advisors LLC purchased a new stake in shares of Mitsubishi UFJ Financial Group in the 1st quarter valued at approximately $29,000. JPL Wealth Management LLC acquired a new stake in shares of Mitsubishi UFJ Financial Group in the 3rd quarter valued at $34,000. Sound Income Strategies LLC lifted its position in shares of Mitsubishi UFJ Financial Group by 716.4% during the 4th quarter. Sound Income Strategies LLC now owns 2,482 shares of the company’s stock worth $39,000 after purchasing an additional 2,178 shares during the last quarter. Finally, Root Financial Partners LLC lifted its position in shares of Mitsubishi UFJ Financial Group by 96.2% during the 4th quarter. Root Financial Partners LLC now owns 2,562 shares of the company’s stock worth $41,000 after purchasing an additional 1,256 shares during the last quarter. Hedge funds and other institutional investors own 13.59% of the company’s stock.

Mitsubishi UFJ Financial Group Price Performance

Shares of NYSE:MUFG opened at $22.41 on Friday. Mitsubishi UFJ Financial Group, Inc. has a 12 month low of $13.62 and a 12 month high of $23.25. The firm has a market capitalization of $265.99 billion, a P/E ratio of 15.90, a P/E/G ratio of 1.08 and a beta of 0.39. The company has a debt-to-equity ratio of 1.75, a current ratio of 0.98 and a quick ratio of 0.98. The company’s fifty day moving average price is $20.79 and its 200 day moving average price is $19.01.

Analyst Ratings Changes

Several equities analysts recently commented on the company. Mitsubishi UFJ Financial Group assumed coverage on Mitsubishi UFJ Financial Group in a report on Thursday, June 25th. They issued a “buy” rating on the stock. Erste Group Bank assumed coverage on Mitsubishi UFJ Financial Group in a report on Thursday, June 25th. They set a “buy” rating for the company. Finally, Weiss Ratings cut Mitsubishi UFJ Financial Group from a “buy (b)” rating to a “hold (c)” rating in a research report on Tuesday, July 14th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, Mitsubishi UFJ Financial Group presently has an average rating of “Moderate Buy”.

Mitsubishi UFJ Financial Group Profile

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.