HBK Sorce Advisory LLC Invests $155,000 in Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG)

HBK Sorce Advisory LLC acquired a new position in shares of Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 13,245 shares of the company’s stock, valued at approximately $155,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Whipplewood Advisors LLC purchased a new stake in Mitsubishi UFJ Financial Group in the fourth quarter worth approximately $29,000. Steward Partners Investment Advisory LLC boosted its stake in Mitsubishi UFJ Financial Group by 33.9% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 5,056 shares of the company’s stock worth $59,000 after buying an additional 1,279 shares in the last quarter. Sierra Ocean LLC purchased a new stake in Mitsubishi UFJ Financial Group in the fourth quarter worth approximately $62,000. Venturi Wealth Management LLC boosted its stake in Mitsubishi UFJ Financial Group by 72.8% in the third quarter. Venturi Wealth Management LLC now owns 5,292 shares of the company’s stock worth $54,000 after buying an additional 2,229 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB purchased a new stake in Mitsubishi UFJ Financial Group in the third quarter worth approximately $55,000. Hedge funds and other institutional investors own 13.59% of the company’s stock.

Mitsubishi UFJ Financial Group Stock Performance

Shares of MUFG stock opened at $13.68 on Friday. The company has a debt-to-equity ratio of 2.06, a quick ratio of 0.92 and a current ratio of 0.90. Mitsubishi UFJ Financial Group, Inc. has a fifty-two week low of $8.75 and a fifty-two week high of $13.71. The stock has a 50 day moving average price of $12.58 and a two-hundred day moving average price of $11.57. The company has a market capitalization of $165.03 billion, a P/E ratio of 12.55, a PEG ratio of 1.16 and a beta of 0.60.

Mitsubishi UFJ Financial Group (NYSE:MUFG) last announced its earnings results on Tuesday, February 4th. The company reported $0.28 EPS for the quarter, beating analysts’ consensus estimates of $0.19 by $0.09. Mitsubishi UFJ Financial Group had a return on equity of 9.27% and a net margin of 14.19%. Analysts expect that Mitsubishi UFJ Financial Group, Inc. will post 0.99 earnings per share for the current year.

Analysts Set New Price Targets

Separately, StockNews.com upgraded Mitsubishi UFJ Financial Group from a “sell” rating to a “hold” rating in a research report on Wednesday, March 5th.

Mitsubishi UFJ Financial Group Company 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.