Mitsubishi UFJ Financial Group, Inc. $MUFG Shares Acquired by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. increased its holdings in Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG) by 9.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 325,379 shares of the company’s stock after purchasing an additional 28,486 shares during the period. PNC Financial Services Group Inc.’s holdings in Mitsubishi UFJ Financial Group were worth $5,522,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Fulcrum Wealth Advisors LLC acquired a new stake in shares of Mitsubishi UFJ Financial Group in the fourth quarter worth approximately $3,048,000. Moran Wealth Management LLC grew its holdings in Mitsubishi UFJ Financial Group by 37.6% in the fourth quarter. Moran Wealth Management LLC now owns 486,468 shares of the company’s stock valued at $7,715,000 after purchasing an additional 132,841 shares during the period. UBS Group AG increased its position in Mitsubishi UFJ Financial Group by 48.9% during the fourth quarter. UBS Group AG now owns 2,350,819 shares of the company’s stock worth $37,284,000 after purchasing an additional 772,272 shares during the last quarter. Tudor Investment Corp ET AL increased its position in Mitsubishi UFJ Financial Group by 834.1% during the third quarter. Tudor Investment Corp ET AL now owns 534,118 shares of the company’s stock worth $8,514,000 after purchasing an additional 476,941 shares during the last quarter. Finally, JCIC Asset Management Inc. purchased a new position in Mitsubishi UFJ Financial Group during the fourth quarter worth approximately $2,833,000. 13.59% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have weighed in on MUFG shares. Mitsubishi UFJ Financial Group initiated coverage on shares of Mitsubishi UFJ Financial Group in a report on Thursday, June 25th. They issued a “buy” rating on the stock. Weiss Ratings downgraded Mitsubishi UFJ Financial Group from a “buy (b)” rating to a “hold (c)” rating in a report on Tuesday, July 14th. Finally, Erste Group Bank initiated coverage on Mitsubishi UFJ Financial Group in a research report on Thursday, June 25th. They issued a “buy” rating on the stock. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy”.

Mitsubishi UFJ Financial Group Stock Up 0.9%

MUFG opened at $23.09 on Tuesday. The firm has a 50 day moving average price of $20.56 and a 200 day moving average price of $18.87. The company has a market cap of $274.08 billion, a PE ratio of 16.38, a price-to-earnings-growth ratio of 1.10 and a beta of 0.39. Mitsubishi UFJ Financial Group, Inc. has a 1 year low of $13.62 and a 1 year high of $23.25. The company has a debt-to-equity ratio of 1.75, a quick ratio of 0.98 and a current ratio of 0.98.

Mitsubishi UFJ Financial Group 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.