Truist Financial Corp Acquires 1,837 Shares of Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG)

Truist Financial Corp boosted its holdings in Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG) by 0.5% during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 398,383 shares of the company’s stock after acquiring an additional 1,837 shares during the quarter. Truist Financial Corp’s holdings in Mitsubishi UFJ Financial Group were worth $4,303,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of MUFG. Rise Advisors LLC purchased a new position in shares of Mitsubishi UFJ Financial Group during the 1st quarter valued at about $27,000. Whittier Trust Co. of Nevada Inc. purchased a new stake in Mitsubishi UFJ Financial Group during the first quarter valued at about $39,000. Addison Advisors LLC grew its stake in shares of Mitsubishi UFJ Financial Group by 123.4% during the second quarter. Addison Advisors LLC now owns 4,609 shares of the company’s stock valued at $50,000 after buying an additional 2,546 shares during the last quarter. Family Firm Inc. purchased a new position in shares of Mitsubishi UFJ Financial Group in the second quarter worth about $53,000. Finally, EverSource Wealth Advisors LLC lifted its stake in shares of Mitsubishi UFJ Financial Group by 60.9% in the 1st quarter. EverSource Wealth Advisors LLC now owns 5,870 shares of the company’s stock valued at $58,000 after acquiring an additional 2,222 shares during the last quarter. Hedge funds and other institutional investors own 13.59% of the company’s stock.

Mitsubishi UFJ Financial Group Trading Down 1.1 %

Shares of MUFG stock opened at $10.26 on Wednesday. The business has a 50-day moving average of $10.27 and a 200 day moving average of $10.35. The company has a debt-to-equity ratio of 2.25, a current ratio of 0.92 and a quick ratio of 0.92. Mitsubishi UFJ Financial Group, Inc. has a 1-year low of $7.89 and a 1-year high of $11.72. The stock has a market capitalization of $120.31 billion, a PE ratio of 11.79, a P/E/G ratio of 0.94 and a beta of 0.59.

Mitsubishi UFJ Financial Group (NYSE:MUFG) last released its quarterly earnings data on Thursday, August 1st. The company reported $0.30 earnings per share for the quarter, beating analysts’ consensus estimates of $0.27 by $0.03. Mitsubishi UFJ Financial Group had a return on equity of 7.46% and a net margin of 11.73%. The firm had revenue of $22.61 billion during the quarter. As a group, sell-side analysts anticipate that Mitsubishi UFJ Financial Group, Inc. will post 0.98 earnings per share for the current year.

Mitsubishi UFJ Financial Group Profile

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.