Mitsubishi UFJ Financial Group, Inc. $MUFG Shares Purchased by Compound Planning Inc.

Compound Planning Inc. raised its position in Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG) by 21.7% during the third quarter, Holdings Channel.com reports. The firm owned 152,843 shares of the company’s stock after buying an additional 27,223 shares during the period. Compound Planning Inc.’s holdings in Mitsubishi UFJ Financial Group were worth $2,436,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of MUFG. EverSource Wealth Advisors LLC raised its position in shares of Mitsubishi UFJ Financial Group by 5.6% in the third quarter. EverSource Wealth Advisors LLC now owns 33,801 shares of the company’s stock valued at $539,000 after buying an additional 1,805 shares during the last quarter. Legacy Financial Advisors Inc. purchased a new stake in Mitsubishi UFJ Financial Group in the 3rd quarter worth approximately $511,000. Marks Group Wealth Management Inc grew its stake in Mitsubishi UFJ Financial Group by 16.2% in the 3rd quarter. Marks Group Wealth Management Inc now owns 59,774 shares of the company’s stock worth $953,000 after acquiring an additional 8,338 shares during the period. Advisors Preferred LLC acquired a new position in Mitsubishi UFJ Financial Group in the 3rd quarter valued at $337,000. Finally, Intrust Bank NA raised its holdings in Mitsubishi UFJ Financial Group by 1.4% in the 3rd quarter. Intrust Bank NA now owns 108,165 shares of the company’s stock valued at $1,724,000 after acquiring an additional 1,453 shares during the last quarter. 13.59% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

MUFG has been the topic of several analyst reports. UBS Group upgraded Mitsubishi UFJ Financial Group to a “strong-buy” rating in a report on Thursday, January 22nd. Zacks Research lowered Mitsubishi UFJ Financial Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, December 1st. Finally, Weiss Ratings upgraded Mitsubishi UFJ Financial Group from a “hold (c)” rating to a “buy (b-)” rating in a report on Thursday, February 5th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, Mitsubishi UFJ Financial Group has a consensus rating of “Buy”.

Mitsubishi UFJ Financial Group Stock Performance

Mitsubishi UFJ Financial Group stock opened at $18.72 on Wednesday. Mitsubishi UFJ Financial Group, Inc. has a 12-month low of $10.46 and a 12-month high of $20.15. The company has a debt-to-equity ratio of 1.30, a current ratio of 0.85 and a quick ratio of 0.89. The company has a market capitalization of $222.12 billion, a price-to-earnings ratio of 16.42, a price-to-earnings-growth ratio of 1.43 and a beta of 0.35. The firm’s fifty day moving average price is $17.71 and its 200 day moving average price is $16.25.

Mitsubishi UFJ Financial Group (NYSE:MUFG) last announced its earnings results on Wednesday, February 4th. The company reported $0.32 earnings per share for the quarter, beating the consensus estimate of $0.30 by $0.02. Mitsubishi UFJ Financial Group had a return on equity of 9.58% and a net margin of 13.87%.The company had revenue of ($1,075.42) million during the quarter, compared to the consensus estimate of $9.30 billion. On average, research 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 (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.