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

Avantax Advisory Services Inc. increased its holdings in Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG) by 8.5% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 228,642 shares of the company’s stock after acquiring an additional 17,817 shares during the quarter. Avantax Advisory Services Inc.’s holdings in Mitsubishi UFJ Financial Group were worth $2,680,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of MUFG. Raymond James Financial Inc. acquired a new position in shares of Mitsubishi UFJ Financial Group in the fourth quarter worth about $29,252,000. Fisher Asset Management LLC lifted its stake in shares of Mitsubishi UFJ Financial Group by 15.7% in the third quarter. Fisher Asset Management LLC now owns 7,853,310 shares of the company’s stock worth $79,947,000 after acquiring an additional 1,067,409 shares in the last quarter. Artemis Investment Management LLP acquired a new position in shares of Mitsubishi UFJ Financial Group in the fourth quarter worth about $10,880,000. BNP Paribas Financial Markets lifted its stake in shares of Mitsubishi UFJ Financial Group by 140.9% in the third quarter. BNP Paribas Financial Markets now owns 514,746 shares of the company’s stock worth $5,240,000 after acquiring an additional 301,065 shares in the last quarter. Finally, Chevy Chase Trust Holdings LLC lifted its stake in shares of Mitsubishi UFJ Financial Group by 4.2% in the fourth quarter. Chevy Chase Trust Holdings LLC now owns 5,950,256 shares of the company’s stock worth $69,737,000 after acquiring an additional 241,685 shares in the last quarter. Institutional investors and hedge funds own 13.59% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com upgraded Mitsubishi UFJ Financial Group from a “sell” rating to a “hold” rating in a research note on Wednesday, March 5th.

Mitsubishi UFJ Financial Group Trading Up 3.8 %

Shares of NYSE MUFG opened at $13.68 on Monday. The company has a quick ratio of 0.92, a current ratio of 0.90 and a debt-to-equity ratio of 2.06. The stock’s 50 day moving average price is $12.58 and its two-hundred day moving average price is $11.58. The stock has a market capitalization of $165.03 billion, a P/E ratio of 12.55, a PEG ratio of 1.16 and a beta of 0.60. Mitsubishi UFJ Financial Group, Inc. has a 52-week low of $8.75 and a 52-week high of $13.71.

Mitsubishi UFJ Financial Group (NYSE:MUFG) last announced its quarterly earnings results on Tuesday, February 4th. The company reported $0.28 earnings per share for the quarter, topping analysts’ consensus estimates of $0.19 by $0.09. Mitsubishi UFJ Financial Group had a return on equity of 9.27% and a net margin of 14.19%. On average, analysts anticipate that Mitsubishi UFJ Financial Group, Inc. will post 0.99 earnings per share for the current fiscal year.

Mitsubishi UFJ Financial Group 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.