10,629 Shares in Mitsubishi UFJ Financial Group, Inc. $MUFG Acquired by Frank Rimerman Advisors LLC

Frank Rimerman Advisors LLC acquired a new stake in Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 10,629 shares of the company’s stock, valued at approximately $146,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Opal Wealth Advisors LLC acquired a new stake in shares of Mitsubishi UFJ Financial Group in the second quarter valued at about $31,000. Caitong International Asset Management Co. Ltd purchased a new stake in Mitsubishi UFJ Financial Group during the 1st quarter valued at about $32,000. Ameritas Advisory Services LLC purchased a new stake in Mitsubishi UFJ Financial Group during the 2nd quarter valued at about $36,000. NewSquare Capital LLC raised its holdings in Mitsubishi UFJ Financial Group by 162.6% in the 2nd quarter. NewSquare Capital LLC now owns 3,723 shares of the company’s stock valued at $51,000 after acquiring an additional 2,305 shares during the last quarter. Finally, First Horizon Advisors Inc. lifted its stake in Mitsubishi UFJ Financial Group by 2,464.2% in the 2nd quarter. First Horizon Advisors Inc. now owns 4,590 shares of the company’s stock worth $63,000 after purchasing an additional 4,411 shares in the last quarter. Institutional investors and hedge funds own 13.59% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on MUFG shares. Weiss Ratings restated a “hold (c)” rating on shares of Mitsubishi UFJ Financial Group in a research report on Wednesday, October 8th. Wall Street Zen raised Mitsubishi UFJ Financial Group from a “sell” rating to a “hold” rating in a research note on Saturday, August 9th. Finally, Zacks Research raised 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 assigned a Hold rating to the company. According to data from MarketBeat, Mitsubishi UFJ Financial Group currently has an average rating of “Buy”.

Mitsubishi UFJ Financial Group Stock Up 2.2%

Shares of MUFG opened at $15.20 on Friday. The company’s 50-day moving average price is $15.35 and its 200 day moving average price is $14.54. Mitsubishi UFJ Financial Group, Inc. has a 12-month low of $10.46 and a 12-month high of $16.24. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 1.86. The firm has a market cap of $183.43 billion, a P/E ratio of 14.07, a price-to-earnings-growth ratio of 1.09 and a beta of 0.37.

Mitsubishi UFJ Financial Group (NYSE:MUFG) last released its quarterly earnings results on Friday, November 14th. The company reported $0.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.34 by $0.10. The business had revenue of $23.61 billion for the quarter, compared to the consensus estimate of $9.19 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 forecast that Mitsubishi UFJ Financial Group, Inc. will post 0.99 earnings per share for the current year.

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.