Atlas Capital Advisors Inc. Invests $867,000 in Mitsubishi UFJ Financial Group, Inc. $MUFG

Atlas Capital Advisors Inc. acquired a new stake in shares of Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG) in the 4th quarter, HoldingsChannel.com reports. The institutional investor acquired 54,644 shares of the company’s stock, valued at approximately $867,000.

Several other large investors also recently bought and sold shares of MUFG. Laurel Wealth Advisors LLC purchased a new stake in Mitsubishi UFJ Financial Group during the 4th quarter valued at about $26,000. JPL Wealth Management LLC purchased a new stake in Mitsubishi UFJ Financial Group during the 3rd quarter valued at about $34,000. Redmont Wealth Advisors LLC purchased a new stake in Mitsubishi UFJ Financial Group during the 3rd quarter valued at about $35,000. Sound Income Strategies LLC boosted its holdings in Mitsubishi UFJ Financial Group by 716.4% in the 4th quarter. Sound Income Strategies LLC now owns 2,482 shares of the company’s stock valued at $39,000 after purchasing an additional 2,178 shares during the last quarter. Finally, Root Financial Partners LLC boosted its holdings in Mitsubishi UFJ Financial Group by 96.2% in the 4th quarter. Root Financial Partners LLC now owns 2,562 shares of the company’s stock valued at $41,000 after purchasing an additional 1,256 shares during the last quarter. Hedge funds and other institutional investors own 13.59% of the company’s stock.

Mitsubishi UFJ Financial Group Stock Down 0.2%

Mitsubishi UFJ Financial Group stock opened at $20.13 on Monday. The firm has a market cap of $238.84 billion, a PE ratio of 14.27, a price-to-earnings-growth ratio of 0.82 and a beta of 0.40. Mitsubishi UFJ Financial Group, Inc. has a 52-week low of $13.19 and a 52-week high of $20.23. The company’s 50 day moving average is $18.58 and its two-hundred day moving average is $17.71.

Mitsubishi UFJ Financial Group (NYSE:MUFG) last released its earnings results on Saturday, May 16th. The company reported $0.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.20 by $0.13. Mitsubishi UFJ Financial Group had a net margin of 16.65% and a return on equity of 11.07%. The company had revenue of $15.36 billion for the quarter, compared to analyst estimates of $9.34 billion. On average, equities research analysts anticipate that Mitsubishi UFJ Financial Group, Inc. will post 1.41 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings lowered shares of Mitsubishi UFJ Financial Group from a “buy (b)” rating to a “buy (b-)” rating in a report on Tuesday, May 26th. 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 company’s stock. According to MarketBeat, Mitsubishi UFJ Financial Group has an average rating of “Buy”.

Mitsubishi UFJ Financial Group Company 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.