Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG) Shares Acquired by Truist Financial Corp

Truist Financial Corp lifted its position in Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG) by 5.7% in the 4th quarter, Holdings Channel reports. The fund owned 399,973 shares of the company’s stock after buying an additional 21,606 shares during the period. Truist Financial Corp’s holdings in Mitsubishi UFJ Financial Group were worth $4,688,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the business. Sierra Ocean LLC acquired a new stake in shares of Mitsubishi UFJ Financial Group during the fourth quarter worth approximately $62,000. Venturi Wealth Management LLC raised its holdings in shares of Mitsubishi UFJ Financial Group by 72.8% during the 3rd quarter. Venturi Wealth Management LLC now owns 5,292 shares of the company’s stock valued at $54,000 after purchasing an additional 2,229 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new stake in shares of Mitsubishi UFJ Financial Group during the 3rd quarter worth about $55,000. Versant Capital Management Inc acquired a new position in Mitsubishi UFJ Financial Group during the fourth quarter valued at approximately $71,000. Finally, Golden State Wealth Management LLC acquired a new position in Mitsubishi UFJ Financial Group in the 4th quarter valued at $111,000. Hedge funds and other institutional investors own 13.59% of the company’s stock.

Mitsubishi UFJ Financial Group Stock Performance

Shares of NYSE MUFG opened at $12.67 on Monday. The firm has a market capitalization of $152.84 billion, a price-to-earnings ratio of 11.62, a PEG ratio of 1.16 and a beta of 0.61. The company has a current ratio of 0.90, a quick ratio of 0.92 and a debt-to-equity ratio of 2.06. The business has a fifty day simple moving average of $12.19 and a 200 day simple moving average of $11.29. Mitsubishi UFJ Financial Group, Inc. has a one year low of $8.75 and a one year high of $13.34.

Mitsubishi UFJ Financial Group (NYSE:MUFG) last posted its earnings results on Tuesday, February 4th. The company reported $0.28 earnings per share 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%. Sell-side analysts expect that Mitsubishi UFJ Financial Group, Inc. will post 0.99 EPS for the current year.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised Mitsubishi UFJ Financial Group from a “sell” rating to a “hold” rating in a research report on Saturday, November 23rd.

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.