Ritholtz Wealth Management Lowers Stock Holdings in Mitsubishi UFJ Financial Group, Inc. $MUFG

Ritholtz Wealth Management lessened its stake in Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG) by 3.4% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 190,619 shares of the company’s stock after selling 6,609 shares during the quarter. Ritholtz Wealth Management’s holdings in Mitsubishi UFJ Financial Group were worth $2,615,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in MUFG. Opal Wealth Advisors LLC purchased a new position in shares of Mitsubishi UFJ Financial Group in the 2nd quarter valued at about $31,000. Caitong International Asset Management Co. Ltd purchased a new position in shares of Mitsubishi UFJ Financial Group in the 1st quarter valued at about $32,000. Ameritas Advisory Services LLC purchased a new position in shares of Mitsubishi UFJ Financial Group in the 2nd quarter valued at about $36,000. Nisa Investment Advisors LLC purchased a new position in shares of Mitsubishi UFJ Financial Group in the 1st quarter valued at about $41,000. Finally, Geneos Wealth Management Inc. boosted its stake in shares of Mitsubishi UFJ Financial Group by 245.3% in the 1st quarter. Geneos Wealth Management Inc. now owns 4,790 shares of the company’s stock valued at $65,000 after buying an additional 3,403 shares during the period. Hedge funds and other institutional investors own 13.59% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. Wall Street Zen upgraded Mitsubishi UFJ Financial Group from a “sell” rating to a “hold” rating in a research note on Saturday, August 9th. Zacks Research upgraded Mitsubishi UFJ Financial Group from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, August 26th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Mitsubishi UFJ Financial Group in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, Mitsubishi UFJ Financial Group has a consensus rating of “Buy”.

Mitsubishi UFJ Financial Group Price Performance

MUFG stock opened at $15.11 on Friday. The business has a 50 day moving average price of $15.44 and a 200 day moving average price of $13.95. The stock has a market cap of $182.34 billion, a price-to-earnings ratio of 13.99, a PEG ratio of 1.10 and a beta of 0.38. Mitsubishi UFJ Financial Group, Inc. has a fifty-two week low of $10.15 and a fifty-two week high of $16.24. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 1.86.

Mitsubishi UFJ Financial Group (NYSE:MUFG) last posted its earnings results on Monday, August 4th. The company reported $0.32 earnings per share for the quarter, topping the consensus estimate of $0.29 by $0.03. The firm had revenue of $22.10 billion during the quarter, compared to analysts’ expectations of $9.86 billion. Mitsubishi UFJ Financial Group had a return on equity of 9.35% and a net margin of 13.95%. Equities research analysts anticipate that Mitsubishi UFJ Financial Group, Inc. will post 0.99 earnings per share for the current fiscal year.

Mitsubishi UFJ Financial Group Company 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.