Mitsubishi UFJ Financial Group, Inc. $MUFG Shares Acquired by GC Wealth Management RIA LLC

GC Wealth Management RIA LLC increased its stake in Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG) by 64.8% during the 1st quarter, HoldingsChannel reports. The firm owned 81,088 shares of the company’s stock after acquiring an additional 31,898 shares during the period. GC Wealth Management RIA LLC’s holdings in Mitsubishi UFJ Financial Group were worth $1,376,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Laurel Wealth Advisors LLC bought a new position in Mitsubishi UFJ Financial Group during the 4th quarter worth $26,000. Whipplewood Advisors LLC acquired a new stake in Mitsubishi UFJ Financial Group in the first quarter worth $29,000. Signature Equity Partners LLC lifted its stake in Mitsubishi UFJ Financial Group by 73.0% in the first quarter. Signature Equity Partners LLC now owns 1,697 shares of the company’s stock valued at $29,000 after buying an additional 716 shares during the last quarter. JPL Wealth Management LLC bought a new stake in Mitsubishi UFJ Financial Group in the third quarter valued at $34,000. Finally, Sound Income Strategies LLC boosted its holdings in shares of Mitsubishi UFJ Financial Group by 716.4% during the fourth quarter. Sound Income Strategies LLC now owns 2,482 shares of the company’s stock valued at $39,000 after acquiring an additional 2,178 shares during the period. Institutional investors and hedge funds own 13.59% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on MUFG. Mitsubishi UFJ Financial Group initiated coverage on shares of Mitsubishi UFJ Financial Group in a research report on Thursday, June 25th. They set a “buy” rating for the company. Erste Group Bank initiated coverage on shares of Mitsubishi UFJ Financial Group in a research report on Thursday, June 25th. They issued a “buy” rating on the stock. Finally, Weiss Ratings lowered shares of Mitsubishi UFJ Financial Group from a “buy (b)” rating to a “hold (c)” rating in a research note on Tuesday, July 14th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy”.

Mitsubishi UFJ Financial Group Stock Up 1.3%

MUFG opened at $22.91 on Friday. Mitsubishi UFJ Financial Group, Inc. has a 12 month low of $13.62 and a 12 month high of $23.08. The company has a debt-to-equity ratio of 1.75, a current ratio of 0.98 and a quick ratio of 0.98. The stock has a market cap of $271.95 billion, a P/E ratio of 16.25, a P/E/G ratio of 1.09 and a beta of 0.39. The stock’s 50 day moving average price is $20.48 and its 200 day moving average price is $18.81.

Mitsubishi UFJ Financial Group Profile

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.