Cetera Investment Advisers Purchases 52,535 Shares of Mitsubishi UFJ Financial Group, Inc. $MUFG

Cetera Investment Advisers lifted its position in shares of Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG) by 13.7% during the 1st quarter, Holdings Channel reports. The firm owned 437,318 shares of the company’s stock after purchasing an additional 52,535 shares during the quarter. Cetera Investment Advisers’ holdings in Mitsubishi UFJ Financial Group were worth $7,421,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Analyst Upgrades and Downgrades

MUFG has been the subject of several research analyst reports. Mitsubishi UFJ Financial Group began coverage on Mitsubishi UFJ Financial Group in a research note on Thursday, June 25th. They set a “buy” rating for the company. Erste Group Bank assumed coverage on Mitsubishi UFJ Financial Group in a research note on Thursday, June 25th. They issued a “buy” rating on the stock. Finally, Weiss Ratings cut shares of Mitsubishi UFJ Financial Group from a “buy (b)” rating to a “hold (c)” rating in a research report on Tuesday, July 14th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy”.

Mitsubishi UFJ Financial Group Stock Down 0.4%

Mitsubishi UFJ Financial Group stock opened at $22.41 on Friday. The company’s 50-day moving average price is $20.79 and its two-hundred day moving average price is $19.01. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 1.75. The stock has a market cap of $265.99 billion, a P/E ratio of 15.90, a P/E/G ratio of 1.08 and a beta of 0.39. Mitsubishi UFJ Financial Group, Inc. has a twelve month low of $13.62 and a twelve month high of $23.25.

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.