Kingsview Wealth Management LLC Invests $153,000 in Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG)

Kingsview Wealth Management LLC purchased a new stake in shares of Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 13,045 shares of the company’s stock, valued at approximately $153,000.

Other institutional investors have also recently made changes to their positions in the company. Fisher Asset Management LLC raised its position in 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 valued at $79,947,000 after purchasing an additional 1,067,409 shares during the period. Artemis Investment Management LLP acquired a new stake in shares of Mitsubishi UFJ Financial Group during the 4th quarter worth about $10,880,000. Crossmark Global Holdings Inc. raised its holdings in Mitsubishi UFJ Financial Group by 0.9% in the 4th quarter. Crossmark Global Holdings Inc. now owns 874,187 shares of the company’s stock valued at $10,245,000 after buying an additional 8,155 shares during the period. Cerity Partners LLC lifted its position in Mitsubishi UFJ Financial Group by 30.2% in the third quarter. Cerity Partners LLC now owns 818,014 shares of the company’s stock valued at $8,327,000 after buying an additional 189,887 shares during the last quarter. Finally, Quantinno Capital Management LP boosted its stake in Mitsubishi UFJ Financial Group by 31.6% during the third quarter. Quantinno Capital Management LP now owns 797,543 shares of the company’s stock worth $8,119,000 after buying an additional 191,368 shares during the period. Hedge funds and other institutional investors own 13.59% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised shares of Mitsubishi UFJ Financial Group from a “sell” rating to a “hold” rating in a research note on Saturday, November 23rd.

Mitsubishi UFJ Financial Group Stock Up 1.8 %

NYSE:MUFG opened at $12.82 on Friday. Mitsubishi UFJ Financial Group, Inc. has a 52 week low of $8.75 and a 52 week high of $12.96. The stock’s fifty day moving average is $12.10 and its two-hundred day moving average is $11.18. The stock has a market capitalization of $154.65 billion, a price-to-earnings ratio of 11.76, a price-to-earnings-growth ratio of 1.13 and a beta of 0.61. 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 (NYSE:MUFG) last posted its earnings results on Tuesday, February 4th. The company reported $0.28 earnings per share (EPS) for the quarter, topping the consensus estimate 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%. Research analysts anticipate that Mitsubishi UFJ Financial Group, Inc. will post 0.99 EPS for the current year.

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.