Truist Financial Corp Boosts Stock Position in Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG)

Truist Financial Corp grew its holdings in shares of Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG) by 5.7% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 399,973 shares of the company’s stock after purchasing an additional 21,606 shares during the quarter. Truist Financial Corp’s holdings in Mitsubishi UFJ Financial Group were worth $4,688,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in MUFG. Sierra Ocean LLC purchased a new stake in shares of Mitsubishi UFJ Financial Group during the 4th quarter valued at $62,000. Venturi Wealth Management LLC grew its stake in shares of Mitsubishi UFJ Financial Group by 72.8% in the third 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 in the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in shares of Mitsubishi UFJ Financial Group during the third quarter valued at approximately $55,000. Versant Capital Management Inc purchased a new stake in 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 fourth quarter worth about $111,000. Institutional investors and hedge funds own 13.59% of the company’s stock.

Analyst Upgrades and Downgrades

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

Mitsubishi UFJ Financial Group Stock Performance

Mitsubishi UFJ Financial Group stock opened at $12.67 on Monday. The company has a fifty day moving average price of $12.19 and a two-hundred day moving average price of $11.29. The company has a debt-to-equity ratio of 2.06, a current ratio of 0.90 and a quick ratio of 0.92. 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 market cap of $152.84 billion, a PE ratio of 11.62, a P/E/G ratio of 1.16 and a beta of 0.61.

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, beating analysts’ consensus estimates of $0.19 by $0.09. Mitsubishi UFJ Financial Group had a return on equity of 9.27% and a net margin of 14.19%. Research analysts expect that Mitsubishi UFJ Financial Group, Inc. will post 0.99 earnings per share for the current year.

About Mitsubishi UFJ Financial Group

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.