Mitsubishi UFJ Financial Group, Inc. $MUFG Shares Bought by Exencial Wealth Advisors LLC

Exencial Wealth Advisors LLC boosted its stake in shares of Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG) by 6.7% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 184,019 shares of the company’s stock after purchasing an additional 11,621 shares during the quarter. Exencial Wealth Advisors LLC’s holdings in Mitsubishi UFJ Financial Group were worth $2,525,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Evergreen Capital Management LLC grew its position in Mitsubishi UFJ Financial Group by 0.9% during the first quarter. Evergreen Capital Management LLC now owns 87,011 shares of the company’s stock worth $1,186,000 after buying an additional 796 shares during the period. RNC Capital Management LLC lifted its holdings in shares of Mitsubishi UFJ Financial Group by 1.9% in the first quarter. RNC Capital Management LLC now owns 43,350 shares of the company’s stock valued at $591,000 after purchasing an additional 810 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its holdings in shares of Mitsubishi UFJ Financial Group by 1.0% in the second quarter. Allspring Global Investments Holdings LLC now owns 89,034 shares of the company’s stock valued at $1,228,000 after purchasing an additional 854 shares in the last quarter. Commerce Bank lifted its holdings in shares of Mitsubishi UFJ Financial Group by 5.3% in the first quarter. Commerce Bank now owns 17,478 shares of the company’s stock valued at $238,000 after purchasing an additional 878 shares in the last quarter. Finally, Fifth Third Bancorp lifted its holdings in shares of Mitsubishi UFJ Financial Group by 1.1% in the second quarter. Fifth Third Bancorp now owns 85,612 shares of the company’s stock valued at $1,175,000 after purchasing an additional 935 shares in the last quarter. 13.59% of the stock is currently owned by institutional investors and hedge funds.

Mitsubishi UFJ Financial Group Stock Performance

Shares of MUFG opened at $15.02 on Thursday. The company has a debt-to-equity ratio of 1.86, a quick ratio of 0.89 and a current ratio of 0.89. The company has a market capitalization of $181.22 billion, a price-to-earnings ratio of 13.90, a PEG ratio of 1.11 and a beta of 0.38. The company’s 50 day simple moving average is $15.47 and its 200 day simple moving average is $14.03. Mitsubishi UFJ Financial Group, Inc. has a 1 year low of $10.15 and a 1 year high of $16.24.

Mitsubishi UFJ Financial Group (NYSE:MUFG) last announced its quarterly earnings data on Monday, August 4th. The company reported $0.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.29 by $0.03. The business had revenue of $22.10 billion for the quarter, compared to the consensus estimate of $9.86 billion. Mitsubishi UFJ Financial Group had a net margin of 13.95% and a return on equity of 9.35%. On average, sell-side analysts predict that Mitsubishi UFJ Financial Group, Inc. will post 0.99 EPS for the current year.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on MUFG shares. Wall Street Zen raised shares of Mitsubishi UFJ Financial Group from a “sell” rating to a “hold” rating in a report on Saturday, August 9th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Mitsubishi UFJ Financial Group in a report on Wednesday, October 8th. Finally, Zacks Research raised shares of Mitsubishi UFJ Financial Group from a “hold” rating to a “strong-buy” rating in a 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. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy”.

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.