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The latest update is out from Mitsubishi UFJ Financial Group ( (JP:8306) ).
MUFG has announced the progress and completion of its common stock repurchase and cancellation. The company repurchased 14,119,000 shares for ¥33.67 billion and completed the cancellation of 200,000,000 shares, which represents 1.66% of the total shares outstanding before cancellation. This move is part of MUFG’s strategic efforts to manage its capital structure and enhance shareholder value.
The most recent analyst rating on (JP:8306) stock is a Hold with a Yen2450.00 price target. To see the full list of analyst forecasts on Mitsubishi UFJ Financial Group stock, see the JP:8306 Stock Forecast page.
More about Mitsubishi UFJ Financial Group
Mitsubishi UFJ Financial Group, Inc. (MUFG) is a leading global financial group headquartered in Tokyo, with a history spanning over 360 years. It operates approximately 2,000 locations in more than 40 countries and employs around 140,000 people. MUFG offers a wide range of services, including commercial banking, trust banking, securities, credit cards, consumer finance, asset management, and leasing. The group aims to be the world’s most trusted financial group, focusing on sustainable growth and meeting the financial needs of its customers.
YTD Price Performance: 35.66%
Average Trading Volume: 41,552,354
Technical Sentiment Signal: Buy
Current Market Cap: Yen27099.6B
See more insights into 8306 stock on TipRanks’ Stock Analysis page.