First National Bank of Hutchinson Invests $514,000 in Mitsubishi UFJ Financial Group, Inc. $MUFG

First National Bank of Hutchinson purchased a new position in Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 30,303 shares of the company’s stock, valued at approximately $514,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. ABC Arbitrage SA grew its stake in Mitsubishi UFJ Financial Group by 234.7% during the 1st quarter. ABC Arbitrage SA now owns 85,154 shares of the company’s stock valued at $1,445,000 after purchasing an additional 59,712 shares in the last quarter. Calamos Advisors LLC acquired a new position in shares of Mitsubishi UFJ Financial Group in the 1st quarter valued at approximately $1,319,000. Empirical Financial Services LLC d.b.a. Empirical Wealth Management boosted its stake in shares of Mitsubishi UFJ Financial Group by 41.5% during the 1st quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 23,727 shares of the company’s stock valued at $403,000 after buying an additional 6,957 shares during the last quarter. Bleakley Financial Group LLC grew its position in shares of Mitsubishi UFJ Financial Group by 9.3% during the first quarter. Bleakley Financial Group LLC now owns 27,290 shares of the company’s stock worth $463,000 after buying an additional 2,316 shares in the last quarter. Finally, Diversify Wealth Management LLC grew its position in shares of Mitsubishi UFJ Financial Group by 48.4% during the first quarter. Diversify Wealth Management LLC now owns 227,153 shares of the company’s stock worth $3,962,000 after buying an additional 74,042 shares in the last quarter. Hedge funds and other institutional investors own 13.59% of the company’s stock.

Wall Street Analyst Weigh In

MUFG has been the topic of several recent analyst reports. Mitsubishi UFJ Financial Group began coverage on shares of Mitsubishi UFJ Financial Group in a report on Thursday, June 25th. They issued a “buy” rating on the stock. Erste Group Bank assumed coverage on shares of Mitsubishi UFJ Financial Group in a report on Thursday, June 25th. They set a “buy” rating for the company. Finally, Weiss Ratings raised shares of Mitsubishi UFJ Financial Group from a “buy (b-)” rating to a “buy (b)” rating in a research report on Tuesday, June 30th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, Mitsubishi UFJ Financial Group has an average rating of “Buy”.

Mitsubishi UFJ Financial Group Stock Performance

Shares of NYSE MUFG opened at $22.50 on Wednesday. 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 firm’s 50-day moving average price is $19.87 and its two-hundred day moving average price is $18.47. Mitsubishi UFJ Financial Group, Inc. has a 52-week low of $13.19 and a 52-week high of $22.78. The stock has a market capitalization of $266.96 billion, a P/E ratio of 15.95, a P/E/G ratio of 0.86 and a beta of 0.39.

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.