Allworth Financial LP Acquires 4,102 Shares of Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG)

Posted by Defense World Staff on Jul 6th, 2023

Allworth Financial LP grew its holdings in Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG – Free Report) by 146.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,901 shares of the company’s stock after purchasing an additional 4,102 shares during the period. Allworth Financial LP’s holdings in Mitsubishi UFJ Financial Group were worth $44,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. American Century Companies Inc. raised its position in shares of Mitsubishi UFJ Financial Group by 29.7% in the fourth quarter. American Century Companies Inc. now owns 1,154,203 shares of the company’s stock valued at $7,699,000 after purchasing an additional 264,026 shares during the period. Raymond James & Associates increased its holdings in Mitsubishi UFJ Financial Group by 1.1% during the 1st quarter. Raymond James & Associates now owns 2,955,518 shares of the company’s stock worth $18,886,000 after acquiring an additional 31,308 shares during the period. Telemus Capital LLC increased its holdings in Mitsubishi UFJ Financial Group by 7.5% during the 4th quarter. Telemus Capital LLC now owns 110,488 shares of the company’s stock worth $767,000 after acquiring an additional 7,680 shares during the period. Boothbay Fund Management LLC increased its holdings in Mitsubishi UFJ Financial Group by 112.5% during the 4th quarter. Boothbay Fund Management LLC now owns 630,378 shares of the company’s stock worth $4,205,000 after acquiring an additional 333,693 shares during the period. Finally, Natixis Advisors L.P. increased its holdings in Mitsubishi UFJ Financial Group by 42.3% during the 4th quarter. Natixis Advisors L.P. now owns 10,881,060 shares of the company’s stock worth $72,577,000 after acquiring an additional 3,236,371 shares during the period. Institutional investors own 1.77% of the company’s stock.

Mitsubishi UFJ Financial Group Price Performance

MUFG stock opened at $7.51 on Thursday. Mitsubishi UFJ Financial Group, Inc. has a one year low of $4.31 and a one year high of $7.71. The stock has a market cap of $92.47 billion, a PE ratio of 11.04, a P/E/G ratio of 0.95 and a beta of 0.69. The firm has a 50 day simple moving average of $6.78 and a two-hundred day simple moving average of $6.82.

Mitsubishi UFJ Financial Group (NYSE:MUFG – Free Report) last released its quarterly earnings results on Monday, May 15th. The company reported $0.10 EPS for the quarter. Mitsubishi UFJ Financial Group had a net margin of 12.19% and a return on equity of 3.20%. The business had revenue of $18.81 billion during the quarter. On average, research analysts expect that Mitsubishi UFJ Financial Group, Inc. will post 0.78 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research firms recently weighed in on MUFG. StockNews.com began coverage on shares of Mitsubishi UFJ Financial Group in a report on Thursday, May 18th. They set a “hold” rating on the stock. Daiwa Capital Markets raised shares of Mitsubishi UFJ Financial Group from a “neutral” rating to an “outperform” rating in a report on Monday, May 29th.

Mitsubishi UFJ Financial Group Company Profile

(Free Report)

Mitsubishi UFJ Financial Group, Inc operates as the bank holding company for MUFG Bank, Ltd. that provides various financial services in Japan, the United States, Europe, Asia/Oceania, and internationally. It operates through Digital Service Business Group; Retail & Commercial Banking Business Group; Japanese Corporate & Investment Banking Business Group; Asset Management & Investor Services Business Group; Global Corporate & Investment Banking Business Group; Global Commercial Banking Business Group; and Global Markets Business Group segments.