Themes Management Co LLC bought a new stake in Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG – Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 59,901 shares of the company’s stock, valued at approximately $950,000.
A number of other hedge funds have also added to or reduced their stakes in the business. Fisher Asset Management LLC grew its position in Mitsubishi UFJ Financial Group by 2.0% in the fourth quarter. Fisher Asset Management LLC now owns 93,276,119 shares of the company’s stock valued at $1,479,359,000 after purchasing an additional 1,789,620 shares in the last quarter. Natixis Advisors LLC lifted its stake in Mitsubishi UFJ Financial Group by 14.9% in the third quarter. Natixis Advisors LLC now owns 13,240,940 shares of the company’s stock valued at $211,061,000 after acquiring an additional 1,718,759 shares during the last quarter. Northern Trust Corp lifted its stake in Mitsubishi UFJ Financial Group by 1.9% in the third quarter. Northern Trust Corp now owns 11,397,833 shares of the company’s stock valued at $181,681,000 after acquiring an additional 211,265 shares during the last quarter. Chevy Chase Trust Holdings LLC lifted its stake in Mitsubishi UFJ Financial Group by 1.0% in the third quarter. Chevy Chase Trust Holdings LLC now owns 6,222,247 shares of the company’s stock valued at $99,183,000 after acquiring an additional 59,242 shares during the last quarter. Finally, Envestnet Asset Management Inc. lifted its stake in Mitsubishi UFJ Financial Group by 1.9% in the third quarter. Envestnet Asset Management Inc. now owns 4,941,830 shares of the company’s stock valued at $78,773,000 after acquiring an additional 93,051 shares during the last quarter. Institutional investors own 13.59% of the company’s stock.
Mitsubishi UFJ Financial Group Stock Performance
NYSE MUFG opened at $19.40 on Tuesday. The firm has a 50-day moving average of $17.80 and a 200-day moving average of $17.29. The stock has a market cap of $230.28 billion, a PE ratio of 13.76, a P/E/G ratio of 0.79 and a beta of 0.40. Mitsubishi UFJ Financial Group, Inc. has a 52-week low of $13.19 and a 52-week high of $20.15.
Analyst Upgrades and Downgrades
Separately, Weiss Ratings upgraded shares of Mitsubishi UFJ Financial Group from a “hold (c)” rating to a “buy (b-)” rating in a research note on Thursday, February 5th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Buy”.
Read Our Latest Stock Analysis on MUFG
Mitsubishi UFJ Financial Group Company Profile
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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