SVB Wealth LLC Acquires New Shares in Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG)

SVB Wealth LLC acquired a new stake in Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG) in the 4th quarter, HoldingsChannel.com reports. The firm acquired 23,827 shares of the company’s stock, valued at approximately $279,000.

Several other institutional investors and hedge funds have also modified their holdings of MUFG. US Bancorp DE lifted its position in Mitsubishi UFJ Financial Group by 3.0% during the 3rd quarter. US Bancorp DE now owns 267,689 shares of the company’s stock worth $2,725,000 after acquiring an additional 7,676 shares during the last quarter. Janney Montgomery Scott LLC lifted its position in Mitsubishi UFJ Financial Group by 12.5% during the 3rd quarter. Janney Montgomery Scott LLC now owns 118,568 shares of the company’s stock worth $1,207,000 after acquiring an additional 13,196 shares during the last quarter. QRG Capital Management Inc. lifted its position in Mitsubishi UFJ Financial Group by 1.5% during the 3rd quarter. QRG Capital Management Inc. now owns 687,065 shares of the company’s stock worth $6,994,000 after acquiring an additional 10,315 shares during the last quarter. Assetmark Inc. lifted its position in Mitsubishi UFJ Financial Group by 9.5% during the 3rd quarter. Assetmark Inc. now owns 46,058 shares of the company’s stock worth $469,000 after acquiring an additional 3,997 shares during the last quarter. Finally, Atria Investments Inc lifted its position in Mitsubishi UFJ Financial Group by 17.1% during the 3rd quarter. Atria Investments Inc now owns 306,507 shares of the company’s stock worth $3,120,000 after acquiring an additional 44,800 shares during the last quarter. Institutional investors and hedge funds own 13.59% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com raised shares of Mitsubishi UFJ Financial Group from a “sell” rating to a “hold” rating in a research report on Wednesday.

Mitsubishi UFJ Financial Group Stock Up 2.3 %

Shares of MUFG opened at $13.04 on Thursday. The company has a 50-day simple moving average of $12.39 and a 200-day simple moving average of $11.45. The firm has a market capitalization of $157.30 billion, a P/E ratio of 11.96, a P/E/G ratio of 1.16 and a beta of 0.60. 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 52 week low of $8.75 and a 52 week high of $13.34.

Mitsubishi UFJ Financial Group (NYSE:MUFG) last announced its quarterly earnings data 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 net margin of 14.19% and a return on equity of 9.27%. On average, equities research analysts expect that Mitsubishi UFJ Financial Group, Inc. will post 0.99 earnings per share for the current year.

About Mitsubishi UFJ Financial Group

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.