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

Allspring Global Investments Holdings LLC increased its holdings in shares of Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG) by 49.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 57,954 shares of the company’s stock after purchasing an additional 19,230 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Mitsubishi UFJ Financial Group were worth $626,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Russell Investments Group Ltd. raised its stake in shares of Mitsubishi UFJ Financial Group by 19.3% during the 4th quarter. Russell Investments Group Ltd. now owns 23,179 shares of the company’s stock valued at $200,000 after buying an additional 3,753 shares during the last quarter. Benjamin F. Edwards & Company Inc. purchased a new position in shares of Mitsubishi UFJ Financial Group in the 4th quarter valued at about $251,000. National Bank of Canada FI acquired a new position in Mitsubishi UFJ Financial Group in the 4th quarter worth about $61,000. Apollon Wealth Management LLC purchased a new position in Mitsubishi UFJ Financial Group during the fourth quarter worth approximately $114,000. Finally, Principal Securities Inc. acquired a new stake in Mitsubishi UFJ Financial Group in the fourth quarter valued at approximately $32,000. 13.59% of the stock is currently owned by institutional investors and hedge funds.

Mitsubishi UFJ Financial Group Trading Down 0.2 %

Shares of MUFG stock opened at $10.40 on Friday. Mitsubishi UFJ Financial Group, Inc. has a 1-year low of $7.89 and a 1-year high of $11.72. The company has a market cap of $121.89 billion, a price-to-earnings ratio of 11.95, a PEG ratio of 0.90 and a beta of 0.61. The company has a debt-to-equity ratio of 2.25, a current ratio of 0.92 and a quick ratio of 0.92. The stock has a 50 day simple moving average of $10.67 and a 200-day simple moving average of $10.36.

Mitsubishi UFJ Financial Group (NYSE:MUFG) last issued its quarterly earnings results on Thursday, August 1st. The company reported $0.30 EPS for the quarter, topping the consensus estimate of $0.27 by $0.03. The company had revenue of $22.61 billion during the quarter. Mitsubishi UFJ Financial Group had a net margin of 11.73% and a return on equity of 7.46%. On average, equities research analysts expect that Mitsubishi UFJ Financial Group, Inc. will post 0.88 EPS for the current fiscal year.

About Mitsubishi UFJ Financial Group

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.