Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG) Position Boosted by Avantax Advisory Services Inc.

Avantax Advisory Services Inc. increased its holdings in Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG) by 8.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 228,642 shares of the company’s stock after buying an additional 17,817 shares during the quarter. Avantax Advisory Services Inc.’s holdings in Mitsubishi UFJ Financial Group were worth $2,680,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Whipplewood Advisors LLC bought a new position in Mitsubishi UFJ Financial Group during the 4th quarter valued at $29,000. Steward Partners Investment Advisory LLC boosted its stake in shares of Mitsubishi UFJ Financial Group by 33.9% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 5,056 shares of the company’s stock worth $59,000 after acquiring an additional 1,279 shares in the last quarter. Sierra Ocean LLC bought a new stake in shares of Mitsubishi UFJ Financial Group during the 4th quarter worth $62,000. Wilmington Savings Fund Society FSB bought a new stake in shares of Mitsubishi UFJ Financial Group during the 3rd quarter worth $55,000. Finally, Versant Capital Management Inc bought a new stake in shares of Mitsubishi UFJ Financial Group during the 4th quarter worth $71,000. 13.59% of the stock is owned by institutional investors.

Mitsubishi UFJ Financial Group Price Performance

Shares of NYSE:MUFG opened at $13.68 on Monday. The company has a current ratio of 0.90, a quick ratio of 0.92 and a debt-to-equity ratio of 2.06. Mitsubishi UFJ Financial Group, Inc. has a 1 year low of $8.75 and a 1 year high of $13.71. The business has a fifty day simple moving average of $12.58 and a 200 day simple moving average of $11.58. The firm has a market cap of $165.03 billion, a price-to-earnings ratio of 12.55, a P/E/G ratio of 1.16 and a beta of 0.60.

Mitsubishi UFJ Financial Group (NYSE:MUFG) last posted its earnings results on Tuesday, February 4th. The company reported $0.28 EPS for the quarter, topping the consensus estimate 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%. As a group, sell-side analysts predict that Mitsubishi UFJ Financial Group, Inc. will post 0.99 earnings per share for the current fiscal year.

Analyst Ratings Changes

Separately, StockNews.com upgraded Mitsubishi UFJ Financial Group from a “sell” rating to a “hold” rating in a 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.