Mitsubishi UFJ Financial Group, Inc. $MUFG Holdings Increased by Venturi Wealth Management LLC

Venturi Wealth Management LLC grew its stake in shares of Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG) by 54.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 17,398 shares of the company’s stock after buying an additional 6,149 shares during the quarter. Venturi Wealth Management LLC’s holdings in Mitsubishi UFJ Financial Group were worth $239,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in MUFG. Opal Wealth Advisors LLC bought a new stake in shares of Mitsubishi UFJ Financial Group during the 2nd quarter worth about $31,000. Caitong International Asset Management Co. Ltd acquired a new position in shares of Mitsubishi UFJ Financial Group in the 1st quarter worth approximately $32,000. Ameritas Advisory Services LLC acquired a new position in shares of Mitsubishi UFJ Financial Group in the 2nd quarter worth approximately $36,000. Nisa Investment Advisors LLC acquired a new position in shares of Mitsubishi UFJ Financial Group in the 1st quarter worth approximately $41,000. Finally, Geneos Wealth Management Inc. grew its stake in shares of Mitsubishi UFJ Financial Group by 245.3% in the 1st quarter. Geneos Wealth Management Inc. now owns 4,790 shares of the company’s stock worth $65,000 after purchasing an additional 3,403 shares during the last quarter. 13.59% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

MUFG has been the topic of several recent research reports. Wall Street Zen raised shares of Mitsubishi UFJ Financial Group from a “sell” rating to a “hold” rating in a research note on Saturday, August 9th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Mitsubishi UFJ Financial Group in a research note on Wednesday. Finally, Zacks Research raised shares of Mitsubishi UFJ Financial Group from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, August 26th. One analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Buy”.

Mitsubishi UFJ Financial Group Stock Performance

MUFG stock opened at $14.64 on Friday. The company has a debt-to-equity ratio of 1.86, a quick ratio of 0.89 and a current ratio of 0.89. The stock has a market cap of $176.61 billion, a P/E ratio of 13.55, a P/E/G ratio of 1.12 and a beta of 0.38. The firm has a 50 day simple moving average of $15.36 and a 200 day simple moving average of $13.92. Mitsubishi UFJ Financial Group, Inc. has a 52 week low of $10.15 and a 52 week high of $16.24.

Mitsubishi UFJ Financial Group (NYSE:MUFG) last posted its earnings results on Monday, August 4th. The company reported $0.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $22.10 billion during the quarter, compared to analysts’ expectations of $9.86 billion. Research analysts anticipate that Mitsubishi UFJ Financial Group, Inc. will post 0.99 earnings per share for the current fiscal year.

Mitsubishi UFJ Financial Group Profile

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.