Capital Wealth Planning LLC Purchases 32,310 Shares of Mitsubishi UFJ Financial Group, Inc. $MUFG

Capital Wealth Planning LLC increased its position in shares of Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG) by 3.0% in the 4th quarter, HoldingsChannel reports. The firm owned 1,098,901 shares of the company’s stock after acquiring an additional 32,310 shares during the quarter. Capital Wealth Planning LLC’s holdings in Mitsubishi UFJ Financial Group were worth $17,549,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Laurel Wealth Advisors LLC bought a new stake in Mitsubishi UFJ Financial Group during the fourth quarter worth about $26,000. JPL Wealth Management LLC acquired a new position in Mitsubishi UFJ Financial Group during the third quarter worth about $34,000. Redmont Wealth Advisors LLC acquired a new position in Mitsubishi UFJ Financial Group during the third quarter worth about $35,000. Sound Income Strategies LLC raised its stake in Mitsubishi UFJ Financial Group by 716.4% during the fourth quarter. Sound Income Strategies LLC now owns 2,482 shares of the company’s stock worth $39,000 after acquiring an additional 2,178 shares in the last quarter. Finally, Root Financial Partners LLC raised its stake in Mitsubishi UFJ Financial Group by 96.2% during the fourth quarter. Root Financial Partners LLC now owns 2,562 shares of the company’s stock worth $41,000 after acquiring an additional 1,256 shares in the last quarter. Institutional investors own 13.59% of the company’s stock.

Mitsubishi UFJ Financial Group Trading Down 0.6%

Shares of NYSE MUFG opened at $19.72 on Thursday. The company has a market cap of $233.97 billion, a price-to-earnings ratio of 13.98, a PEG ratio of 0.81 and a beta of 0.40. Mitsubishi UFJ Financial Group, Inc. has a 12 month low of $13.19 and a 12 month high of $20.23. The stock has a 50-day moving average price of $18.47 and a two-hundred day moving average price of $17.64.

Mitsubishi UFJ Financial Group (NYSE:MUFG) last issued its earnings results on Saturday, May 16th. The company reported $0.33 EPS for the quarter, topping the consensus estimate of $0.20 by $0.13. The firm had revenue of $15.36 billion during the quarter, compared to the consensus estimate of $9.34 billion. Mitsubishi UFJ Financial Group had a return on equity of 11.07% and a net margin of 16.65%. On average, sell-side analysts predict that Mitsubishi UFJ Financial Group, Inc. will post 1.41 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings downgraded Mitsubishi UFJ Financial Group from a “buy (b)” rating to a “buy (b-)” rating in a research note on Tuesday, May 26th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Mitsubishi UFJ Financial Group presently has a consensus rating of “Buy”.

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.