Moran Wealth Management LLC Has $8.96 Million Stock Position in Mitsubishi UFJ Financial Group, Inc. $MUFG

Moran Wealth Management LLC boosted its holdings in Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG) by 8.6% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 528,104 shares of the company’s stock after buying an additional 41,636 shares during the period. Moran Wealth Management LLC’s holdings in Mitsubishi UFJ Financial Group were worth $8,962,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Eagle Bay Advisors LLC grew its stake in shares of Mitsubishi UFJ Financial Group by 6.4% in the first quarter. Eagle Bay Advisors LLC now owns 11,334 shares of the company’s stock worth $192,000 after acquiring an additional 677 shares during the last quarter. Livet Wealth LLC raised its stake in Mitsubishi UFJ Financial Group by 7.0% during the 1st quarter. Livet Wealth LLC now owns 18,297 shares of the company’s stock valued at $310,000 after purchasing an additional 1,196 shares during the last quarter. Keybank National Association OH raised its stake in Mitsubishi UFJ Financial Group by 176.2% during the 1st quarter. Keybank National Association OH now owns 119,395 shares of the company’s stock valued at $2,026,000 after purchasing an additional 76,164 shares during the last quarter. Apollon Wealth Management LLC boosted its holdings in Mitsubishi UFJ Financial Group by 6.8% in the 1st quarter. Apollon Wealth Management LLC now owns 15,418 shares of the company’s stock valued at $262,000 after purchasing an additional 976 shares during the period. Finally, Louisbourg Investments Inc. boosted its holdings in Mitsubishi UFJ Financial Group by 14.0% in the 1st quarter. Louisbourg Investments Inc. now owns 52,032 shares of the company’s stock valued at $883,000 after purchasing an additional 6,400 shares during the period. 13.59% of the stock is currently owned by institutional investors and hedge funds.

Mitsubishi UFJ Financial Group Trading Up 0.2%

Shares of MUFG opened at $20.65 on Friday. Mitsubishi UFJ Financial Group, Inc. has a 1 year low of $13.19 and a 1 year high of $21.17. The stock has a 50 day simple moving average of $19.30 and a 200-day simple moving average of $18.17. The stock has a market cap of $245.07 billion, a PE ratio of 14.65, a PEG ratio of 0.83 and a beta of 0.39.

Mitsubishi UFJ Financial Group (NYSE:MUFG) last posted its earnings results on Saturday, May 16th. The company reported $0.33 EPS for the quarter, topping the consensus estimate of $0.20 by $0.13. Mitsubishi UFJ Financial Group had a return on equity of 11.07% and a net margin of 16.65%.The business had revenue of $15.36 billion during the quarter, compared to the consensus estimate of $9.34 billion. On average, sell-side analysts forecast that Mitsubishi UFJ Financial Group, Inc. will post 1.43 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on MUFG. Weiss Ratings upgraded shares of Mitsubishi UFJ Financial Group from a “buy (b-)” rating to a “buy (b)” rating in a report on Tuesday. Erste Group Bank started coverage on shares of Mitsubishi UFJ Financial Group in a research note on Thursday, June 25th. They issued a “buy” rating for the company. Finally, Mitsubishi UFJ Financial Group started coverage on Mitsubishi UFJ Financial Group in a research report on Thursday, June 25th. They set a “buy” rating on the stock. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Buy”.

About Mitsubishi UFJ Financial Group

Mitsubishi UFJ Financial Group, Inc (MUFG) is a Tokyo-based financial services holding company and one of Japan’s largest banking groups and among the world’s leading financial institutions. The group was formed through the integration of Mitsubishi Tokyo Financial Group and UFJ Holdings and operates a comprehensive suite of banking and financial services for retail, corporate, and institutional clients. MUFG’s core banking operations are conducted through its commercial banking arm and a network of domestic and international subsidiaries and affiliates.

MUFG offers a broad range of products and services including commercial and retail banking, corporate and investment banking, global transaction banking, trust banking, asset management, securities and brokerage services, credit cards, consumer finance, leasing and custody services.