Truist Financial Corp Has $3.42 Million Stake in Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG)

Truist Financial Corp trimmed its stake in Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG) by 1.3% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 397,376 shares of the company’s stock after selling 5,347 shares during the quarter. Truist Financial Corp’s holdings in Mitsubishi UFJ Financial Group were worth $3,421,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also made changes to their positions in the stock. Commonwealth Equity Services LLC boosted its stake in shares of Mitsubishi UFJ Financial Group by 28.4% during the 3rd quarter. Commonwealth Equity Services LLC now owns 67,297 shares of the company’s stock valued at $571,000 after buying an additional 14,879 shares during the period. Cambridge Investment Research Advisors Inc. raised its holdings in shares of Mitsubishi UFJ Financial Group by 16.9% during the third quarter. Cambridge Investment Research Advisors Inc. now owns 12,442 shares of the company’s stock worth $106,000 after acquiring an additional 1,802 shares in the last quarter. Xponance Inc. acquired a new stake in Mitsubishi UFJ Financial Group during the third quarter valued at $96,000. Raymond James Financial Services Advisors Inc. grew its stake in Mitsubishi UFJ Financial Group by 15.9% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 17,232 shares of the company’s stock valued at $146,000 after purchasing an additional 2,362 shares in the last quarter. Finally, Stratos Wealth Partners LTD. increased its position in Mitsubishi UFJ Financial Group by 11.8% in the 3rd quarter. Stratos Wealth Partners LTD. now owns 14,412 shares of the company’s stock worth $122,000 after purchasing an additional 1,524 shares during the last quarter. 13.59% of the stock is currently owned by institutional investors and hedge funds.

Mitsubishi UFJ Financial Group Price Performance

MUFG opened at $10.20 on Tuesday. The company has a market capitalization of $125.84 billion, a PE ratio of 8.23, a price-to-earnings-growth ratio of 0.92 and a beta of 0.62. Mitsubishi UFJ Financial Group, Inc. has a fifty-two week low of $6.27 and a fifty-two week high of $11.22. The business has a 50-day moving average of $10.21 and a 200-day moving average of $9.29.

Mitsubishi UFJ Financial Group (NYSE:MUFG) last posted its earnings results on Monday, February 5th. The company reported $0.21 EPS for the quarter, topping the consensus estimate of $0.17 by $0.04. The company had revenue of $19.25 billion during the quarter. Mitsubishi UFJ Financial Group had a net margin of 19.14% and a return on equity of 7.78%. On average, equities research analysts expect that Mitsubishi UFJ Financial Group, Inc. will post 0.79 earnings per share for the current fiscal year.

Mitsubishi UFJ Financial Group Company Profile

Mitsubishi UFJ Financial Group, Inc operates as the bank holding company for MUFG Bank, Ltd. that provides various financial services in Japan, the United States, Europe, Asia/Oceania, and internationally. It operates through Digital Service Business Group; Retail & Commercial Banking Business Group; Japanese Corporate & Investment Banking Business Group; Asset Management & Investor Services Business Group; Global Corporate & Investment Banking Business Group; Global Commercial Banking Business Group; and Global Markets Business Group segments.