Hantz Financial Services Inc. Raises Stock Holdings in Mitsubishi UFJ Financial Group, Inc. $MUFG

Hantz Financial Services Inc. increased its holdings in shares of Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG) by 65.7% in the third quarter, according to its most recent filing with the SEC. The fund owned 179,877 shares of the company’s stock after acquiring an additional 71,323 shares during the period. Hantz Financial Services Inc.’s holdings in Mitsubishi UFJ Financial Group were worth $2,867,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of MUFG. AQR Capital Management LLC grew its holdings in shares of Mitsubishi UFJ Financial Group by 43.8% in the first quarter. AQR Capital Management LLC now owns 334,909 shares of the company’s stock worth $4,565,000 after purchasing an additional 101,930 shares during the last quarter. Focus Partners Wealth lifted its holdings in Mitsubishi UFJ Financial Group by 14.8% during the first quarter. Focus Partners Wealth now owns 15,959 shares of the company’s stock worth $218,000 after buying an additional 2,058 shares during the period. Geneos Wealth Management Inc. lifted its stake in shares of Mitsubishi UFJ Financial Group by 245.3% during the 1st quarter. Geneos Wealth Management Inc. now owns 4,790 shares of the company’s stock worth $65,000 after purchasing an additional 3,403 shares during the last quarter. Acadian Asset Management LLC lifted its position in shares of Mitsubishi UFJ Financial Group by 104.1% during the first quarter. Acadian Asset Management LLC now owns 41,909 shares of the company’s stock valued at $571,000 after buying an additional 21,379 shares during the last quarter. Finally, Sivia Capital Partners LLC raised its stake in shares of Mitsubishi UFJ Financial Group by 68.8% during the 2nd quarter. Sivia Capital Partners LLC now owns 35,190 shares of the company’s stock worth $483,000 after acquiring an additional 14,347 shares in the last quarter. Institutional investors own 13.59% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently issued reports on MUFG shares. Zacks Research lowered Mitsubishi UFJ Financial Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 1st. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Mitsubishi UFJ Financial Group in a report on Thursday, January 22nd. Finally, UBS Group upgraded Mitsubishi UFJ Financial Group to a “strong-buy” rating in a research note on Thursday, January 22nd. One analyst has rated the stock with a Strong Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy”.

Mitsubishi UFJ Financial Group Stock Performance

MUFG opened at $18.23 on Friday. The company has a current ratio of 0.85, a quick ratio of 0.89 and a debt-to-equity ratio of 1.39. The firm’s 50-day moving average price is $16.83 and its 200 day moving average price is $15.75. The firm has a market capitalization of $216.34 billion, a PE ratio of 15.99, a PEG ratio of 1.41 and a beta of 0.35. Mitsubishi UFJ Financial Group, Inc. has a twelve month low of $10.46 and a twelve month high of $18.90.

Mitsubishi UFJ Financial Group (NYSE:MUFG) last posted its quarterly earnings results on Wednesday, February 4th. The company reported $0.32 EPS for the quarter, beating the consensus estimate of $0.30 by $0.02. The firm had revenue of ($1,075.42) million during the quarter, compared to analysts’ expectations of $9.30 billion. Mitsubishi UFJ Financial Group had a return on equity of 9.69% and a net margin of 13.87%. As a group, sell-side analysts expect that Mitsubishi UFJ Financial Group, Inc. will post 0.99 EPS for the current fiscal year.

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.