HB Wealth Management LLC Buys New Stake in Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG)

HB Wealth Management LLC purchased a new position in shares of Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 70,173 shares of the company’s stock, valued at approximately $822,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Eagle Bay Advisors LLC lifted its stake in Mitsubishi UFJ Financial Group by 9.3% during the 4th quarter. Eagle Bay Advisors LLC now owns 10,094 shares of the company’s stock worth $118,000 after acquiring an additional 858 shares in the last quarter. Franklin Resources Inc. lifted its position in shares of Mitsubishi UFJ Financial Group by 1.9% during the third quarter. Franklin Resources Inc. now owns 49,208 shares of the company’s stock worth $526,000 after purchasing an additional 938 shares in the last quarter. Abel Hall LLC boosted its stake in shares of Mitsubishi UFJ Financial Group by 4.9% in the third quarter. Abel Hall LLC now owns 20,388 shares of the company’s stock valued at $208,000 after purchasing an additional 949 shares during the period. Waldron Private Wealth LLC grew its holdings in shares of Mitsubishi UFJ Financial Group by 9.0% in the third quarter. Waldron Private Wealth LLC now owns 11,742 shares of the company’s stock valued at $120,000 after purchasing an additional 968 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. increased its stake in Mitsubishi UFJ Financial Group by 2.0% during the 3rd quarter. Oppenheimer Asset Management Inc. now owns 68,398 shares of the company’s stock worth $696,000 after buying an additional 1,336 shares during the period. 13.59% of the stock is currently owned by hedge funds and other institutional investors.

Mitsubishi UFJ Financial Group Trading Up 4.1 %

MUFG opened at $12.55 on Wednesday. The business has a fifty day moving average price of $11.83 and a 200 day moving average price of $11.01. The company has a debt-to-equity ratio of 2.04, a current ratio of 0.91 and a quick ratio of 0.92. Mitsubishi UFJ Financial Group, Inc. has a 12 month low of $8.75 and a 12 month high of $12.56. The stock has a market capitalization of $151.39 billion, a price-to-earnings ratio of 12.30, a PEG ratio of 1.12 and a beta of 0.62.

Analyst Ratings Changes

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

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.