Wealth Alliance Raises Position in Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG)

Wealth Alliance raised its holdings in Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG) by 56.5% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 46,896 shares of the company’s stock after buying an additional 16,933 shares during the period. Wealth Alliance’s holdings in Mitsubishi UFJ Financial Group were worth $550,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Venturi Wealth Management LLC boosted its position in Mitsubishi UFJ Financial Group by 72.8% in the 3rd quarter. Venturi Wealth Management LLC now owns 5,292 shares of the company’s stock valued at $54,000 after buying an additional 2,229 shares during the period. Wilmington Savings Fund Society FSB purchased a new stake in shares of Mitsubishi UFJ Financial Group during the 3rd quarter worth $55,000. Sierra Ocean LLC purchased a new stake in shares of Mitsubishi UFJ Financial Group during the 4th quarter worth $62,000. Versant Capital Management Inc purchased a new stake in shares of Mitsubishi UFJ Financial Group during the 4th quarter worth $71,000. Finally, Golden State Wealth Management LLC purchased a new stake in shares of Mitsubishi UFJ Financial Group during the 4th quarter worth $111,000. Hedge funds and other institutional investors own 13.59% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com raised shares of Mitsubishi UFJ Financial Group from a “sell” rating to a “hold” rating in a research report on Saturday, November 23rd.

Mitsubishi UFJ Financial Group Price Performance

Mitsubishi UFJ Financial Group stock opened at $13.02 on Friday. The stock has a market cap of $157.06 billion, a P/E ratio of 11.94, a price-to-earnings-growth ratio of 1.19 and a beta of 0.61. The company has a fifty day simple moving average of $12.18 and a 200-day simple moving average of $11.25. Mitsubishi UFJ Financial Group, Inc. has a 12-month low of $8.75 and a 12-month high of $13.34. The company has a current ratio of 0.90, a quick ratio of 0.92 and a debt-to-equity ratio of 2.06.

Mitsubishi UFJ Financial Group (NYSE:MUFG) last released its quarterly earnings data on Tuesday, February 4th. The company reported $0.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.19 by $0.09. Mitsubishi UFJ Financial Group had a net margin of 14.19% and a return on equity of 9.27%. Equities analysts expect that Mitsubishi UFJ Financial Group, Inc. will post 0.99 EPS 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.