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

Main Street Research LLC acquired a new stake in shares of Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 30,205 shares of the company’s stock, valued at approximately $479,000.

Other hedge funds have also bought and sold shares of the company. AQR Capital Management LLC grew its holdings in shares of Mitsubishi UFJ Financial Group by 43.8% in the first quarter. AQR Capital Management LLC now owns 334,909 shares of the company’s stock worth $4,565,000 after purchasing an additional 101,930 shares during the last quarter. Focus Partners Wealth grew its holdings in shares of Mitsubishi UFJ Financial Group by 14.8% in the first quarter. Focus Partners Wealth now owns 15,959 shares of the company’s stock worth $218,000 after purchasing an additional 2,058 shares during the last quarter. Geneos Wealth Management Inc. grew its holdings in shares of Mitsubishi UFJ Financial Group by 245.3% in the first quarter. Geneos Wealth Management Inc. now owns 4,790 shares of the company’s stock worth $65,000 after purchasing an additional 3,403 shares during the last quarter. Acadian Asset Management LLC grew its holdings in shares of Mitsubishi UFJ Financial Group by 104.1% in the first quarter. Acadian Asset Management LLC now owns 41,909 shares of the company’s stock worth $571,000 after purchasing an additional 21,379 shares during the last quarter. Finally, Sivia Capital Partners LLC grew its holdings in shares of Mitsubishi UFJ Financial Group by 68.8% in the second quarter. Sivia Capital Partners LLC now owns 35,190 shares of the company’s stock worth $483,000 after purchasing an additional 14,347 shares during the last quarter. Institutional investors own 13.59% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Mitsubishi UFJ Financial Group Stock Performance

MUFG stock opened at $19.40 on Monday. The firm has a market cap of $230.28 billion, a price-to-earnings ratio of 13.76, a PEG ratio of 0.79 and a beta of 0.40. The firm has a 50-day simple moving average of $17.74 and a two-hundred day simple moving average of $17.26. Mitsubishi UFJ Financial Group, Inc. has a one year low of $13.19 and a one year high of $20.15.

Mitsubishi UFJ Financial Group (NYSE:MUFG) last released its quarterly earnings results on Thursday, May 21st. The company reported $0.33 EPS for the quarter, beating the consensus estimate of $0.20 by $0.13. The business had revenue of $15.36 billion during the quarter, compared to analyst estimates of $9.34 billion. Mitsubishi UFJ Financial Group had a net margin of 16.65% and a return on equity of 11.07%. As a group, equities analysts predict that Mitsubishi UFJ Financial Group, Inc. will post 1.42 earnings per share for the current fiscal year.

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.