SCS Capital Management LLC Invests $2.59 Million in Mitsubishi UFJ Financial Group, Inc. $MUFG

SCS Capital Management LLC acquired a new position in Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG) during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 190,237 shares of the company’s stock, valued at approximately $2,593,000.

Other institutional investors have also made changes to their positions in the company. Caitong International Asset Management Co. Ltd purchased a new position in shares of Mitsubishi UFJ Financial Group in the first quarter worth approximately $32,000. Nisa Investment Advisors LLC bought a new stake in Mitsubishi UFJ Financial Group in the first quarter worth approximately $41,000. Financial Management Professionals Inc. lifted its stake in shares of Mitsubishi UFJ Financial Group by 116.7% in the first quarter. Financial Management Professionals Inc. now owns 3,257 shares of the company’s stock worth $44,000 after buying an additional 1,754 shares during the last quarter. Olde Wealth Management LLC acquired a new stake in shares of Mitsubishi UFJ Financial Group in the first quarter worth $87,000. Finally, Paradigm Asset Management Co. LLC acquired a new stake in shares of Mitsubishi UFJ Financial Group in the first quarter worth $122,000. 13.59% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms recently commented on MUFG. Wall Street Zen upgraded shares of Mitsubishi UFJ Financial Group from a “sell” rating to a “hold” rating in a research note on Saturday, August 9th. Zacks Research raised shares of Mitsubishi UFJ Financial Group from a “hold” rating to a “strong-buy” rating in a report on Tuesday, August 26th. One equities research analyst has rated the stock with a Strong Buy rating, According to MarketBeat, the stock presently has a consensus rating of “Strong Buy”.

Mitsubishi UFJ Financial Group Stock Performance

Mitsubishi UFJ Financial Group stock opened at $15.55 on Wednesday. The company’s 50-day moving average is $14.51 and its two-hundred day moving average is $13.57. Mitsubishi UFJ Financial Group, Inc. has a 1 year low of $9.85 and a 1 year high of $16.16. The company has a market cap of $187.65 billion, a PE ratio of 14.40, a PEG ratio of 1.14 and a beta of 0.39. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 1.86.

Mitsubishi UFJ Financial Group (NYSE:MUFG) last released its quarterly earnings data on Monday, August 4th. The company reported $0.32 earnings per share for the quarter, topping the consensus estimate of $0.29 by $0.03. Mitsubishi UFJ Financial Group had a net margin of 13.95% and a return on equity of 9.35%. The business had revenue of $22.10 billion for the quarter, compared to analyst estimates of $9.86 billion. Equities analysts anticipate that Mitsubishi UFJ Financial Group, Inc. will post 0.99 earnings per share for the current year.

About Mitsubishi UFJ Financial Group

Mitsubishi UFJ Financial Group, Inc operates as the bank holding company, that engages in a range of financial businesses in Japan, the United States, Europe, Asia/Oceania, and internationally. It operates through seven segments: Digital Service, Retail & Commercial Banking, Japanese Corporate & Investment Banking, Global Commercial Banking, Asset Management & Investor Services, Global Corporate & Investment Banking, and Global Markets.