Aaron Wealth Advisors LLC Buys 32,364 Shares of Mitsubishi UFJ Financial Group, Inc. $MUFG

Aaron Wealth Advisors LLC raised its position in shares of Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG) by 30.2% in the first quarter, HoldingsChannel.com reports. The firm owned 139,534 shares of the company’s stock after purchasing an additional 32,364 shares during the quarter. Aaron Wealth Advisors LLC’s holdings in Mitsubishi UFJ Financial Group were worth $2,368,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Laurel Wealth Advisors LLC bought a new position in Mitsubishi UFJ Financial Group during the fourth quarter worth $26,000. JPL Wealth Management LLC acquired a new position in Mitsubishi UFJ Financial Group in the third quarter valued at $34,000. Sound Income Strategies LLC boosted its position 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 valued at $39,000 after acquiring an additional 2,178 shares during the last quarter. Root Financial Partners LLC boosted its position 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 valued at $41,000 after acquiring an additional 1,256 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd grew its holdings in Mitsubishi UFJ Financial Group by 206.1% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 3,168 shares of the company’s stock worth $50,000 after acquiring an additional 2,133 shares during the period. Institutional investors own 13.59% of the company’s stock.

Mitsubishi UFJ Financial Group Price Performance

MUFG opened at $20.01 on Friday. Mitsubishi UFJ Financial Group, Inc. has a fifty-two week low of $13.19 and a fifty-two week high of $21.17. The firm has a market capitalization of $237.45 billion, a PE ratio of 14.19, a P/E/G ratio of 0.80 and a beta of 0.40. The company’s 50-day moving average is $19.04 and its 200 day moving average is $18.00.

Mitsubishi UFJ Financial Group (NYSE:MUFG) last released its quarterly earnings results on Saturday, May 16th. The company reported $0.33 EPS for the quarter, beating analysts’ consensus estimates of $0.20 by $0.13. The business had revenue of $15.36 billion during the quarter, compared to analyst estimates of $9.34 billion. Mitsubishi UFJ Financial Group had a return on equity of 11.07% and a net margin of 16.65%. As a group, analysts expect that Mitsubishi UFJ Financial Group, Inc. will post 1.41 EPS for the current year.

Wall Street Analysts Forecast Growth

MUFG has been the subject of a number of research analyst reports. Mitsubishi UFJ Financial Group assumed coverage on Mitsubishi UFJ Financial Group in a report on Thursday. They issued a “buy” rating for the company. Erste Group Bank began coverage on Mitsubishi UFJ Financial Group in a report on Thursday. They set a “buy” rating on the stock. Finally, Weiss Ratings downgraded shares of Mitsubishi UFJ Financial Group from a “buy (b)” rating to a “buy (b-)” rating in a research report on Tuesday, May 26th. One investment 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. According to data from MarketBeat.com, the stock currently has an average rating of “Buy”.

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.