Rehmann Capital Advisory Group Purchases 761 Shares of Mitsubishi UFJ Financial Group, Inc. $MUFG

Rehmann Capital Advisory Group lifted its stake in Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG) by 1.1% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 69,804 shares of the company’s stock after buying an additional 761 shares during the quarter. Rehmann Capital Advisory Group’s holdings in Mitsubishi UFJ Financial Group were worth $958,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in MUFG. Opal Wealth Advisors LLC purchased a new stake in shares of Mitsubishi UFJ Financial Group in the second quarter valued at $31,000. Caitong International Asset Management Co. Ltd purchased a new stake in shares of Mitsubishi UFJ Financial Group in the first quarter valued at $32,000. Ameritas Advisory Services LLC purchased a new stake in shares of Mitsubishi UFJ Financial Group in the second quarter valued at $36,000. Nisa Investment Advisors LLC purchased a new stake in shares of Mitsubishi UFJ Financial Group in the first quarter valued at $41,000. Finally, Geneos Wealth Management Inc. raised its stake in shares of Mitsubishi UFJ Financial Group by 245.3% in the first quarter. Geneos Wealth Management Inc. now owns 4,790 shares of the company’s stock valued at $65,000 after acquiring an additional 3,403 shares during the period. Hedge funds and other institutional investors own 13.59% of the company’s stock.

Analyst Ratings Changes

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

Mitsubishi UFJ Financial Group Stock Performance

MUFG stock opened at $15.02 on Thursday. The firm has a market cap of $181.22 billion, a price-to-earnings ratio of 13.90, a PEG ratio of 1.11 and a beta of 0.38. The firm has a 50-day simple moving average of $15.47 and a two-hundred day simple moving average of $14.03. Mitsubishi UFJ Financial Group, Inc. has a one year low of $10.15 and a one year high of $16.24. The company has a debt-to-equity ratio of 1.86, a quick ratio of 0.89 and a current ratio of 0.89.

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

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.