Mitsubishi UFJ Financial Group, Inc. $MUFG Holdings Cut by Pekin Hardy Strauss Inc.

Pekin Hardy Strauss Inc. reduced its stake in shares of Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG) by 3.1% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 267,957 shares of the company’s stock after selling 8,568 shares during the period. Pekin Hardy Strauss Inc.’s holdings in Mitsubishi UFJ Financial Group were worth $3,676,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the company. Opal Wealth Advisors LLC acquired a new position in Mitsubishi UFJ Financial Group in the 2nd quarter worth about $31,000. Caitong International Asset Management Co. Ltd bought a new position in Mitsubishi UFJ Financial Group during the first quarter valued at approximately $32,000. Ameritas Advisory Services LLC bought a new position in Mitsubishi UFJ Financial Group during the second quarter valued at approximately $36,000. Nisa Investment Advisors LLC acquired a new stake in Mitsubishi UFJ Financial Group in the first quarter valued at approximately $41,000. Finally, NewSquare Capital LLC grew its position in Mitsubishi UFJ Financial Group by 162.6% in the second quarter. NewSquare Capital LLC now owns 3,723 shares of the company’s stock worth $51,000 after acquiring an additional 2,305 shares in the last quarter. Institutional investors and hedge funds own 13.59% of the company’s stock.

Mitsubishi UFJ Financial Group Stock Up 0.2%

Mitsubishi UFJ Financial Group stock opened at $15.10 on Friday. The company has a debt-to-equity ratio of 1.86, a current ratio of 0.89 and a quick ratio of 0.89. Mitsubishi UFJ Financial Group, Inc. has a fifty-two week low of $10.46 and a fifty-two week high of $16.24. The firm has a fifty day moving average price of $15.38 and a two-hundred day moving average price of $14.32. The firm has a market cap of $182.22 billion, a price-to-earnings ratio of 13.98, a P/E/G ratio of 1.09 and a beta of 0.37.

Mitsubishi UFJ Financial Group (NYSE:MUFG) last released its earnings results on Monday, August 4th. The company reported $0.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.29 by $0.03. Mitsubishi UFJ Financial Group had a return on equity of 9.35% and a net margin of 13.95%.The firm had revenue of $22.10 billion for the quarter, compared to analyst estimates of $9.86 billion. As a group, analysts forecast that Mitsubishi UFJ Financial Group, Inc. will post 0.99 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts recently 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 research note on Saturday, August 9th. Weiss Ratings restated a “hold (c)” rating on shares of Mitsubishi UFJ Financial Group in a report on Wednesday, October 8th. Finally, Zacks Research upgraded Mitsubishi UFJ Financial Group from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, August 26th. One investment analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Buy”.

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.