PNC Financial Services Group Inc. Has $4.71 Million Stake in Mitsubishi UFJ Financial Group, Inc. $MUFG

PNC Financial Services Group Inc. decreased its position in Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG) by 10.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 296,893 shares of the company’s stock after selling 33,774 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Mitsubishi UFJ Financial Group were worth $4,709,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Envestnet Portfolio Solutions Inc. grew its position in Mitsubishi UFJ Financial Group by 2.2% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 47,748 shares of the company’s stock worth $757,000 after buying an additional 1,036 shares in the last quarter. Alta Capital Management LLC grew its position in Mitsubishi UFJ Financial Group by 5.7% during the fourth quarter. Alta Capital Management LLC now owns 12,067 shares of the company’s stock worth $191,000 after buying an additional 647 shares in the last quarter. Sapient Capital LLC grew its position in Mitsubishi UFJ Financial Group by 13.5% during the fourth quarter. Sapient Capital LLC now owns 15,423 shares of the company’s stock worth $246,000 after buying an additional 1,839 shares in the last quarter. Independent Solutions Wealth Management LLC grew its position in Mitsubishi UFJ Financial Group by 4.8% during the fourth quarter. Independent Solutions Wealth Management LLC now owns 12,692 shares of the company’s stock worth $201,000 after buying an additional 581 shares in the last quarter. Finally, May Hill Capital LLC grew its position in Mitsubishi UFJ Financial Group by 86.7% during the fourth quarter. May Hill Capital LLC now owns 44,154 shares of the company’s stock worth $700,000 after buying an additional 20,499 shares in the last quarter. Institutional investors and hedge funds own 13.59% of the company’s stock.

Mitsubishi UFJ Financial Group Price Performance

NYSE MUFG opened at $19.40 on Tuesday. The business has a fifty day moving average price of $17.80 and a two-hundred day moving average price of $17.29. Mitsubishi UFJ Financial Group, Inc. has a fifty-two week low of $13.19 and a fifty-two week high of $20.15. The stock has a market capitalization of $230.28 billion, a PE ratio of 13.76, a PEG ratio of 0.79 and a beta of 0.40.

Mitsubishi UFJ Financial Group (NYSE:MUFG) last released its earnings results on Thursday, May 21st. The company reported $0.33 earnings per share for the quarter, topping the consensus estimate of $0.20 by $0.13. Mitsubishi UFJ Financial Group had a return on equity of 11.07% and a net margin of 16.65%.The firm had revenue of $15.36 billion during the quarter, compared to analysts’ expectations of $9.34 billion. As a group, sell-side analysts expect that Mitsubishi UFJ Financial Group, Inc. will post 1.42 earnings per share for the current year.

Wall Street Analyst Weigh In

Separately, Weiss Ratings raised Mitsubishi UFJ Financial Group from a “hold (c)” rating to a “buy (b-)” rating in a research report on Thursday, February 5th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued 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 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.