Calamos Advisors LLC Invests $1.32 Million in Mitsubishi UFJ Financial Group, Inc. $MUFG

Calamos Advisors LLC bought a new stake in shares of Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG) in the first quarter, Holdings Channel reports. The fund bought 77,711 shares of the company’s stock, valued at approximately $1,319,000.

Several other large investors have also recently modified their holdings of MUFG. Laurel Wealth Advisors LLC purchased a new stake in shares of Mitsubishi UFJ Financial Group during the fourth quarter valued at approximately $26,000. Whipplewood Advisors LLC bought a new position in Mitsubishi UFJ Financial Group in the first quarter valued at about $29,000. JPL Wealth Management LLC bought a new stake in Mitsubishi UFJ Financial Group during the third quarter valued at approximately $34,000. Sound Income Strategies LLC increased its stake 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 worth $39,000 after purchasing an additional 2,178 shares in the last quarter. Finally, Root Financial Partners LLC increased its position in Mitsubishi UFJ Financial Group by 96.2% in the fourth quarter. Root Financial Partners LLC now owns 2,562 shares of the company’s stock worth $41,000 after buying an additional 1,256 shares in the last quarter. Hedge funds and other institutional investors own 13.59% of the company’s stock.

Mitsubishi UFJ Financial Group Stock Performance

MUFG stock opened at $22.15 on Friday. The business has a 50-day moving average price of $20.04 and a 200 day moving average price of $18.56. Mitsubishi UFJ Financial Group, Inc. has a 1-year low of $13.27 and a 1-year high of $22.83. The company has a market capitalization of $262.91 billion, a P/E ratio of 15.71, a PEG ratio of 0.89 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.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on MUFG. Weiss Ratings cut shares of Mitsubishi UFJ Financial Group from a “buy (b)” rating to a “hold (c)” rating in a research note on Tuesday. Erste Group Bank initiated coverage on shares of Mitsubishi UFJ Financial Group in a research note on Thursday, June 25th. They set a “buy” rating on the stock. Finally, Mitsubishi UFJ Financial Group started coverage on Mitsubishi UFJ Financial Group in a report on Thursday, June 25th. They issued a “buy” rating for the company. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently 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.