Todd Asset Management LLC decreased its stake in shares of Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG – Free Report) by 1.4% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 4,053,197 shares of the company’s stock after selling 56,735 shares during the quarter. Mitsubishi UFJ Financial Group comprises approximately 1.3% of Todd Asset Management LLC’s investment portfolio, making the stock its 21st largest holding. Todd Asset Management LLC’s holdings in Mitsubishi UFJ Financial Group were worth $64,284,000 as of its most recent SEC filing.
Several other large investors also recently modified their holdings of MUFG. Laurel Wealth Advisors LLC acquired a new stake in shares of Mitsubishi UFJ Financial Group during the 4th quarter worth approximately $26,000. Westside Investment Management Inc. grew its position in shares of Mitsubishi UFJ Financial Group by 100.0% during the 3rd quarter. Westside Investment Management Inc. now owns 1,846 shares of the company’s stock worth $29,000 after buying an additional 923 shares during the period. JPL Wealth Management LLC acquired a new stake in shares of Mitsubishi UFJ Financial Group during the 3rd quarter worth approximately $34,000. Redmont Wealth Advisors LLC acquired a new stake in shares of Mitsubishi UFJ Financial Group during the 3rd quarter worth approximately $35,000. Finally, Sound Income Strategies LLC grew its position in shares of Mitsubishi UFJ Financial Group by 716.4% during the 4th quarter. Sound Income Strategies LLC now owns 2,482 shares of the company’s stock worth $39,000 after buying an additional 2,178 shares during the period. Institutional investors and hedge funds own 13.59% of the company’s stock.
Mitsubishi UFJ Financial Group Trading Up 0.0%
NYSE MUFG opened at $19.40 on Monday. The company has a fifty day simple moving average of $17.74 and a 200 day simple moving average of $17.26. Mitsubishi UFJ Financial Group, Inc. has a 12-month low of $13.19 and a 12-month high of $20.15. The company has a market cap of $230.28 billion, a P/E ratio of 13.76, a PEG ratio of 0.79 and a beta of 0.40.
Analyst Ratings Changes
Separately, Weiss Ratings raised shares of Mitsubishi UFJ Financial Group from a “hold (c)” rating to a “buy (b-)” rating in a research report on Thursday, February 5th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Buy”.
Read Our Latest Stock Analysis on Mitsubishi UFJ Financial Group
About Mitsubishi UFJ Financial Group
Mitsubishi UFJ Financial Group, Inc (MUFG) is a Tokyo-based financial services holding company and one of Japan’s largest banking groups and among the world’s leading financial institutions. The group was formed through the integration of Mitsubishi Tokyo Financial Group and UFJ Holdings and operates a comprehensive suite of banking and financial services for retail, corporate, and institutional clients. MUFG’s core banking operations are conducted through its commercial banking arm and a network of domestic and international subsidiaries and affiliates.
MUFG offers a broad range of products and services including commercial and retail banking, corporate and investment banking, global transaction banking, trust banking, asset management, securities and brokerage services, credit cards, consumer finance, leasing and custody services.
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