Mitsubishi UFJ Financial Group, Inc. $MUFG Shares Bought by Jones Financial Companies Lllp

Jones Financial Companies Lllp increased its position in Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG) by 64.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 78,951 shares of the company’s stock after buying an additional 30,871 shares during the quarter. Jones Financial Companies Lllp’s holdings in Mitsubishi UFJ Financial Group were worth $1,266,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Sumitomo Mitsui Trust Group Inc. boosted its position in shares of Mitsubishi UFJ Financial Group by 85.7% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 156,413 shares of the company’s stock valued at $2,493,000 after purchasing an additional 72,183 shares during the period. HB Wealth Management LLC raised its holdings in Mitsubishi UFJ Financial Group by 229.5% during the 3rd quarter. HB Wealth Management LLC now owns 90,504 shares of the company’s stock worth $1,443,000 after buying an additional 63,038 shares during the period. JPMorgan Chase & Co. boosted its holdings in shares of Mitsubishi UFJ Financial Group by 79.4% in the second quarter. JPMorgan Chase & Co. now owns 771,913 shares of the company’s stock worth $10,591,000 after buying an additional 341,671 shares during the period. Y Intercept Hong Kong Ltd boosted its holdings in shares of Mitsubishi UFJ Financial Group by 88.8% in the third quarter. Y Intercept Hong Kong Ltd now owns 338,959 shares of the company’s stock worth $5,403,000 after buying an additional 159,386 shares during the period. Finally, Walleye Capital LLC increased its position in shares of Mitsubishi UFJ Financial Group by 991.8% in the second quarter. Walleye Capital LLC now owns 353,838 shares of the company’s stock worth $4,855,000 after acquiring an additional 321,430 shares in the last quarter. Institutional investors own 13.59% of the company’s stock.

Wall Street Analysts Forecast Growth

MUFG has been the subject of several research analyst reports. Weiss Ratings upgraded shares of Mitsubishi UFJ Financial Group from a “hold (c)” rating to a “buy (b-)” rating in a research report on Thursday, February 5th. UBS Group upgraded shares of Mitsubishi UFJ Financial Group to a “strong-buy” rating in a research report on Thursday, January 22nd. Finally, Zacks Research lowered Mitsubishi UFJ Financial Group from a “strong-buy” rating to a “hold” rating in a report on Monday, December 1st. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Buy”.

Mitsubishi UFJ Financial Group Stock Performance

MUFG stock opened at $19.40 on Wednesday. The firm has a 50 day simple moving average of $17.04 and a 200 day simple moving average of $15.88. Mitsubishi UFJ Financial Group, Inc. has a 52 week low of $10.46 and a 52 week high of $19.71. The stock has a market cap of $230.23 billion, a P/E ratio of 17.02, a P/E/G ratio of 1.45 and a beta of 0.35. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.89 and a current ratio of 0.85.

Mitsubishi UFJ Financial Group (NYSE:MUFG) last released its quarterly earnings data on Wednesday, February 4th. The company reported $0.32 earnings per share for the quarter, beating the consensus estimate of $0.30 by $0.02. The firm had revenue of ($1,075.42) million for the quarter, compared to analyst estimates of $9.30 billion. Mitsubishi UFJ Financial Group had a net margin of 13.87% and a return on equity of 9.58%. Research analysts anticipate that Mitsubishi UFJ Financial Group, Inc. will post 0.99 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.