Blue Trust Inc. Has $1.14 Million Stake in Mitsubishi UFJ Financial Group, Inc. $MUFG

Blue Trust Inc. increased its holdings in shares of Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG) by 23.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 82,821 shares of the company’s stock after purchasing an additional 15,955 shares during the period. Blue Trust Inc.’s holdings in Mitsubishi UFJ Financial Group were worth $1,136,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Ramirez Asset Management Inc. raised its holdings in Mitsubishi UFJ Financial Group by 24.4% during the 2nd quarter. Ramirez Asset Management Inc. now owns 480,219 shares of the company’s stock worth $6,589,000 after buying an additional 94,199 shares during the period. Callan Family Office LLC increased its position in shares of Mitsubishi UFJ Financial Group by 270.0% during the second quarter. Callan Family Office LLC now owns 274,646 shares of the company’s stock worth $3,768,000 after acquiring an additional 200,416 shares in the last quarter. US Bancorp DE increased its position in shares of Mitsubishi UFJ Financial Group by 1.8% during the second quarter. US Bancorp DE now owns 378,662 shares of the company’s stock worth $5,195,000 after acquiring an additional 6,848 shares in the last quarter. InTrack Investment Management Inc bought a new stake in shares of Mitsubishi UFJ Financial Group during the second quarter worth $456,000. Finally, Optas LLC increased its position in shares of Mitsubishi UFJ Financial Group by 8.0% during the second quarter. Optas LLC now owns 38,121 shares of the company’s stock worth $523,000 after acquiring an additional 2,811 shares in the last quarter. Institutional investors own 13.59% of the company’s stock.

Analyst Ratings Changes

MUFG has been the subject of a number of research analyst reports. Wall Street Zen raised shares of Mitsubishi UFJ Financial Group from a “sell” rating to a “hold” rating in a research note on Saturday, August 9th. Weiss Ratings reissued a “hold (c)” rating on shares of Mitsubishi UFJ Financial Group in a research report on Wednesday. Finally, Zacks Research raised Mitsubishi UFJ Financial Group from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, August 26th. One equities research analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Mitsubishi UFJ Financial Group presently has a consensus rating of “Buy”.

Mitsubishi UFJ Financial Group Stock Down 4.6%

MUFG stock opened at $14.64 on Friday. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 1.86. The business has a 50 day moving average price of $15.36 and a two-hundred day moving average price of $13.92. The company has a market cap of $176.61 billion, a price-to-earnings ratio of 13.55, a P/E/G ratio of 1.12 and a beta of 0.38. Mitsubishi UFJ Financial Group, Inc. has a twelve month low of $10.15 and a twelve month high of $16.24.

Mitsubishi UFJ Financial Group (NYSE:MUFG) last released its quarterly earnings data on Monday, August 4th. The company reported $0.32 EPS for the quarter, beating the consensus estimate of $0.29 by $0.03. The company had revenue of $22.10 billion during the quarter, compared to the consensus estimate of $9.86 billion. Mitsubishi UFJ Financial Group had a return on equity of 9.35% and a net margin of 13.95%. Analysts anticipate that Mitsubishi UFJ Financial Group, Inc. will post 0.99 EPS for the current fiscal year.

Mitsubishi UFJ Financial Group 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.