Allspring Global Investments Holdings LLC Boosts Stake in Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG)

Allspring Global Investments Holdings LLC lifted its position in Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG) by 10.1% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 83,516 shares of the company’s stock after purchasing an additional 7,629 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Mitsubishi UFJ Financial Group were worth $982,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Venturi Wealth Management LLC raised its position in Mitsubishi UFJ Financial Group by 72.8% during the 3rd quarter. Venturi Wealth Management LLC now owns 5,292 shares of the company’s stock valued at $54,000 after purchasing an additional 2,229 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in Mitsubishi UFJ Financial Group during the 3rd quarter valued at $55,000. Versant Capital Management Inc purchased a new position in shares of Mitsubishi UFJ Financial Group in the 4th quarter worth $71,000. Golden State Wealth Management LLC purchased a new position in shares of Mitsubishi UFJ Financial Group in the fourth quarter worth approximately $111,000. Finally, Eagle Bay Advisors LLC increased its stake in shares of Mitsubishi UFJ Financial Group by 9.3% in the 4th quarter. Eagle Bay Advisors LLC now owns 10,094 shares of the company’s stock worth $118,000 after purchasing an additional 858 shares in the last quarter. 13.59% of the stock is currently owned by hedge funds and other institutional investors.

Mitsubishi UFJ Financial Group Trading Down 2.7 %

Shares of Mitsubishi UFJ Financial Group stock opened at $12.67 on Monday. The company has a fifty day moving average of $12.19 and a 200 day moving average of $11.29. Mitsubishi UFJ Financial Group, Inc. has a fifty-two week low of $8.75 and a fifty-two week high of $13.34. The company has a market capitalization of $152.84 billion, a P/E ratio of 11.62, a P/E/G ratio of 1.16 and a beta of 0.61. The company has a debt-to-equity ratio of 2.06, a quick ratio of 0.92 and a current ratio of 0.90.

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

Wall Street Analyst Weigh In

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

Mitsubishi UFJ Financial Group Company 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.