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

SVB Wealth LLC acquired a new position in shares of Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 23,827 shares of the company’s stock, valued at approximately $279,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Eagle Bay Advisors LLC grew its position in Mitsubishi UFJ Financial Group by 9.3% during the 4th quarter. Eagle Bay Advisors LLC now owns 10,094 shares of the company’s stock worth $118,000 after purchasing an additional 858 shares in the last quarter. Franklin Resources Inc. grew its holdings in shares of Mitsubishi UFJ Financial Group by 1.9% during the 3rd quarter. Franklin Resources Inc. now owns 49,208 shares of the company’s stock valued at $526,000 after acquiring an additional 938 shares in the last quarter. Abel Hall LLC grew its holdings in shares of Mitsubishi UFJ Financial Group by 4.9% during the 3rd quarter. Abel Hall LLC now owns 20,388 shares of the company’s stock valued at $208,000 after acquiring an additional 949 shares in the last quarter. OLD National Bancorp IN grew its holdings in shares of Mitsubishi UFJ Financial Group by 5.1% during the 4th quarter. OLD National Bancorp IN now owns 19,841 shares of the company’s stock valued at $233,000 after acquiring an additional 955 shares in the last quarter. Finally, Private Advisor Group LLC grew its holdings in shares of Mitsubishi UFJ Financial Group by 1.6% during the 4th quarter. Private Advisor Group LLC now owns 66,349 shares of the company’s stock valued at $778,000 after acquiring an additional 1,040 shares in the last quarter. 13.59% of the stock is currently owned by hedge funds and other institutional investors.

Mitsubishi UFJ Financial Group Trading Up 2.3 %

Mitsubishi UFJ Financial Group stock opened at $13.04 on Thursday. The company’s fifty day simple moving average is $12.39 and its 200-day simple moving average is $11.45. The company has a quick ratio of 0.92, a current ratio of 0.90 and a debt-to-equity ratio of 2.06. Mitsubishi UFJ Financial Group, Inc. has a 12 month low of $8.75 and a 12 month high of $13.34. The stock has a market cap 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.

Mitsubishi UFJ Financial Group (NYSE:MUFG) last posted its quarterly earnings results on Tuesday, February 4th. The company reported $0.28 EPS for the quarter, beating 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 forecast that Mitsubishi UFJ Financial Group, Inc. will post 0.99 EPS for the current fiscal year.

Analyst Ratings Changes

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

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.