Penserra Capital Management LLC Buys Shares of 7,620 Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG)

Posted by Defense World Staff on Feb 28th, 2023

Penserra Capital Management LLC bought a new stake in shares of Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG – Get Rating) during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 7,620 shares of the company’s stock, valued at approximately $34,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Eagle Bay Advisors LLC purchased a new position in Mitsubishi UFJ Financial Group during the 2nd quarter valued at about $36,000. Wedmont Private Capital acquired a new stake in shares of Mitsubishi UFJ Financial Group during the 3rd quarter valued at about $46,000. Sawtooth Solutions LLC acquired a new stake in shares of Mitsubishi UFJ Financial Group during the 1st quarter valued at about $63,000. AXA S.A. acquired a new stake in shares of Mitsubishi UFJ Financial Group during the 3rd quarter valued at about $46,000. Finally, Stratos Wealth Partners LTD. acquired a new stake in shares of Mitsubishi UFJ Financial Group during the 3rd quarter valued at about $48,000. Hedge funds and other institutional investors own 1.62% of the company’s stock.

Mitsubishi UFJ Financial Group Stock Up 0.8 %

Shares of Mitsubishi UFJ Financial Group stock opened at $7.17 on Tuesday. The stock has a 50-day simple moving average of $7.13 and a 200-day simple moving average of $5.76. Mitsubishi UFJ Financial Group, Inc. has a 52-week low of $4.31 and a 52-week high of $7.71. The company has a debt-to-equity ratio of 2.73, a current ratio of 0.90 and a quick ratio of 0.92. The firm has a market cap of $88.34 billion, a price-to-earnings ratio of 29.88, a P/E/G ratio of 1.05 and a beta of 0.69.

Analysts Set New Price Targets

Separately, The Goldman Sachs Group initiated coverage on Mitsubishi UFJ Financial Group in a report on Thursday, December 15th. They set a “conviction-buy” rating for the company.

Mitsubishi UFJ Financial Group Profile

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Mitsubishi UFJ Financial Group, Inc operates as a holding company, which provides financial services through its subsidiaries. It operates through the following segments: Integrated Retail Banking Business Group, Integrated Corporate Banking Business Group, Integrated Trust Assets Business Group, Integrated Global Business Group, Global Markets and Others.