Legacy Financial Advisors Inc. Invests $511,000 in Mitsubishi UFJ Financial Group, Inc. $MUFG

Legacy Financial Advisors Inc. bought a new stake in shares of Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG) during the third quarter, Holdings Channel reports. The fund bought 32,083 shares of the company’s stock, valued at approximately $511,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in MUFG. Sumitomo Mitsui Trust Group Inc. raised its position in shares of Mitsubishi UFJ Financial Group by 85.7% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 156,413 shares of the company’s stock worth $2,493,000 after purchasing an additional 72,183 shares during the last quarter. HB Wealth Management LLC boosted its holdings in Mitsubishi UFJ Financial Group by 229.5% in the 3rd quarter. HB Wealth Management LLC now owns 90,504 shares of the company’s stock worth $1,443,000 after buying an additional 63,038 shares during the last quarter. JPMorgan Chase & Co. increased its stake in Mitsubishi UFJ Financial Group by 79.4% during the 2nd quarter. JPMorgan Chase & Co. now owns 771,913 shares of the company’s stock worth $10,591,000 after buying an additional 341,671 shares in the last quarter. Envestnet Asset Management Inc. raised its holdings in shares of Mitsubishi UFJ Financial Group by 1.9% during the third quarter. Envestnet Asset Management Inc. now owns 4,941,830 shares of the company’s stock valued at $78,773,000 after acquiring an additional 93,051 shares during the last quarter. Finally, Caprock Group LLC purchased a new position in shares of Mitsubishi UFJ Financial Group in the third quarter valued at approximately $2,367,000. Hedge funds and other institutional investors own 13.59% of the company’s stock.

Mitsubishi UFJ Financial Group Stock Performance

NYSE MUFG opened at $19.00 on Tuesday. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.89 and a current ratio of 0.85. The stock’s fifty day moving average is $17.65 and its two-hundred day moving average is $16.22. The firm has a market capitalization of $225.43 billion, a P/E ratio of 16.66, a price-to-earnings-growth ratio of 1.46 and a beta of 0.35. Mitsubishi UFJ Financial Group, Inc. has a fifty-two week low of $10.46 and a fifty-two week high of $20.15.

Mitsubishi UFJ Financial Group (NYSE:MUFG) last issued its earnings results on Wednesday, February 4th. The company reported $0.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.30 by $0.02. The business had revenue of ($1,075.42) million during the quarter, compared to the consensus estimate of $9.30 billion. Mitsubishi UFJ Financial Group had a return on equity of 9.58% and a net margin of 13.87%. On average, research analysts anticipate that Mitsubishi UFJ Financial Group, Inc. will post 0.99 earnings per share for the current year.

Analyst Ratings Changes

Several analysts recently commented on the company. Weiss Ratings upgraded Mitsubishi UFJ Financial Group from a “hold (c)” rating to a “buy (b-)” rating in a research report on Thursday, February 5th. UBS Group raised shares of Mitsubishi UFJ Financial Group to a “strong-buy” rating in a report on Thursday, January 22nd. Finally, Zacks Research cut shares of Mitsubishi UFJ Financial Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 1st. One research 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 stock. According to MarketBeat, Mitsubishi UFJ Financial Group presently 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.