Sagespring Wealth Partners LLC Increases Stock Position in Mitsubishi UFJ Financial Group, Inc. $MUFG

Sagespring Wealth Partners LLC raised its position in Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG) by 31.8% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 52,177 shares of the company’s stock after buying an additional 12,584 shares during the period. Sagespring Wealth Partners LLC’s holdings in Mitsubishi UFJ Financial Group were worth $716,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in MUFG. Opal Wealth Advisors LLC purchased a new position in Mitsubishi UFJ Financial Group in the 2nd quarter valued at about $31,000. Caitong International Asset Management Co. Ltd bought a new position in Mitsubishi UFJ Financial Group during the 1st quarter valued at $32,000. Ameritas Advisory Services LLC bought a new position in shares of Mitsubishi UFJ Financial Group during the second quarter worth about $36,000. Nisa Investment Advisors LLC bought a new position in shares of Mitsubishi UFJ Financial Group during the first quarter worth about $41,000. Finally, Geneos Wealth Management Inc. lifted its position in shares of Mitsubishi UFJ Financial Group by 245.3% during the first 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 owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently commented on MUFG. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Mitsubishi UFJ Financial Group in a research report on Wednesday, October 8th. Wall Street Zen raised Mitsubishi UFJ Financial Group from a “sell” rating to a “hold” rating in a report on Saturday, August 9th. Finally, Zacks Research upgraded Mitsubishi UFJ Financial Group from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, August 26th. One equities research analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, Mitsubishi UFJ Financial Group has an average rating of “Buy”.

Mitsubishi UFJ Financial Group Stock Performance

Shares of NYSE MUFG opened at $15.14 on Thursday. The stock has a market capitalization of $182.64 billion, a P/E ratio of 14.01, a P/E/G ratio of 1.09 and a beta of 0.38. Mitsubishi UFJ Financial Group, Inc. has a 52-week low of $10.15 and a 52-week high of $16.24. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 1.86. The firm’s 50-day moving average price is $15.42 and its two-hundred day moving average price is $13.94.

Mitsubishi UFJ Financial Group (NYSE:MUFG) last announced its quarterly earnings results on Monday, August 4th. The company reported $0.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.29 by $0.03. The business had revenue of $22.10 billion for the quarter, compared to the consensus estimate of $9.86 billion. Mitsubishi UFJ Financial Group had a return on equity of 9.35% and a net margin of 13.95%. As a group, sell-side analysts forecast that Mitsubishi UFJ Financial Group, Inc. will post 0.99 earnings per share for the current 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.