Vestmark Advisory Solutions Inc. Buys New Shares in Mitsubishi UFJ Financial Group, Inc. $MUFG

Vestmark Advisory Solutions Inc. purchased a new stake in Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 55,616 shares of the company’s stock, valued at approximately $763,000.

Several other institutional investors and hedge funds also recently made changes to their positions in MUFG. Goldman Sachs Group Inc. lifted its holdings in shares of Mitsubishi UFJ Financial Group by 2.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 12,652,332 shares of the company’s stock worth $172,451,000 after acquiring an additional 288,583 shares during the period. Nisa Investment Advisors LLC bought a new position in Mitsubishi UFJ Financial Group during the first quarter worth about $41,000. SCS Capital Management LLC bought a new stake in shares of Mitsubishi UFJ Financial Group in the 1st quarter valued at approximately $2,593,000. Wealth Enhancement Advisory Services LLC raised its holdings in shares of Mitsubishi UFJ Financial Group by 109.3% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 21,946 shares of the company’s stock worth $306,000 after buying an additional 11,460 shares in the last quarter. Finally, Envestnet Asset Management Inc. boosted its stake in Mitsubishi UFJ Financial Group by 0.6% in the 2nd quarter. Envestnet Asset Management Inc. now owns 4,848,779 shares of the company’s stock valued at $66,525,000 after buying an additional 28,680 shares in the last quarter. Institutional investors own 13.59% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have issued reports on MUFG. Zacks Research raised Mitsubishi UFJ Financial Group from a “hold” rating to a “strong-buy” rating in a report on Tuesday, August 26th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Mitsubishi UFJ Financial Group in a report on Wednesday, October 8th. Finally, Wall Street Zen upgraded Mitsubishi UFJ Financial Group from a “sell” rating to a “hold” rating in a research report on Saturday, August 9th. One analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, Mitsubishi UFJ Financial Group has a consensus rating of “Buy”.

Mitsubishi UFJ Financial Group Stock Performance

Shares of Mitsubishi UFJ Financial Group stock opened at $15.23 on Tuesday. The company has a debt-to-equity ratio of 1.86, a current ratio of 0.89 and a quick ratio of 0.89. The firm has a 50 day simple moving average of $15.37 and a 200 day simple moving average of $14.39. 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 market cap of $183.79 billion, a P/E ratio of 14.10, a P/E/G ratio of 1.09 and a beta of 0.37.

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.