Blue Trust Inc. Has $1.14 Million Stake in Mitsubishi UFJ Financial Group, Inc. $MUFG

Blue Trust Inc. grew its holdings in Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG) by 23.9% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 82,821 shares of the company’s stock after acquiring an additional 15,955 shares during the period. Blue Trust Inc.’s holdings in Mitsubishi UFJ Financial Group were worth $1,136,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also added to or reduced their stakes in MUFG. Artemis Investment Management LLP raised its stake in Mitsubishi UFJ Financial Group by 175.6% in the 1st quarter. Artemis Investment Management LLP now owns 2,558,102 shares of the company’s stock valued at $34,867,000 after acquiring an additional 1,629,765 shares during the period. National Bank of Canada FI bought a new stake in shares of Mitsubishi UFJ Financial Group during the 1st quarter worth about $12,534,000. Natixis Advisors LLC boosted its holdings in shares of Mitsubishi UFJ Financial Group by 9.2% during the 1st quarter. Natixis Advisors LLC now owns 10,756,565 shares of the company’s stock worth $146,612,000 after buying an additional 905,674 shares during the period. Northern Trust Corp boosted its holdings in shares of Mitsubishi UFJ Financial Group by 8.4% during the 1st quarter. Northern Trust Corp now owns 11,407,268 shares of the company’s stock worth $155,481,000 after buying an additional 885,189 shares during the period. Finally, 1832 Asset Management L.P. lifted its position in Mitsubishi UFJ Financial Group by 3,965.4% during the first quarter. 1832 Asset Management L.P. now owns 713,069 shares of the company’s stock worth $9,719,000 after acquiring an additional 695,529 shares during the last quarter. Institutional investors own 13.59% of the company’s stock.

Mitsubishi UFJ Financial Group Stock Down 4.6%

NYSE MUFG opened at $14.64 on Friday. The business has a fifty day moving average price of $15.36 and a two-hundred day moving average price of $13.92. The company has a debt-to-equity ratio of 1.86, a current ratio of 0.89 and a quick ratio of 0.89. Mitsubishi UFJ Financial Group, Inc. has a fifty-two week low of $10.15 and a fifty-two week high of $16.24. The stock has a market capitalization of $176.61 billion, a PE ratio of 13.55, a PEG ratio of 1.12 and a beta of 0.38.

Mitsubishi UFJ Financial Group (NYSE:MUFG) last posted its quarterly earnings results on Monday, August 4th. The company reported $0.32 EPS for the quarter, topping analysts’ consensus estimates of $0.29 by $0.03. Mitsubishi UFJ Financial Group had a return on equity of 9.35% and a net margin of 13.95%.The company had revenue of $22.10 billion during the quarter, compared to analysts’ expectations of $9.86 billion. Equities analysts expect that Mitsubishi UFJ Financial Group, Inc. will post 0.99 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on MUFG. Weiss Ratings reiterated a “hold (c)” rating on shares of Mitsubishi UFJ Financial Group in a research note on Wednesday. Zacks Research raised Mitsubishi UFJ Financial Group from a “hold” rating to a “strong-buy” rating in a report on Tuesday, August 26th. Finally, Wall Street Zen raised Mitsubishi UFJ Financial Group from a “sell” rating to a “hold” rating in a report on Saturday, August 9th. One investment analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Buy”.

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.