75,309 Shares in Mitsubishi UFJ Financial Group, Inc. $MUFG Purchased by CIBC Asset Management Inc

CIBC Asset Management Inc bought a new position in Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFGFree Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 75,309 shares of the company’s stock, valued at approximately $1,194,000.

Several other institutional investors and hedge funds have also recently modified their holdings of MUFG. Envestnet Asset Management Inc. grew its holdings in shares of Mitsubishi UFJ Financial Group by 1.9% during the third quarter. Envestnet Asset Management Inc. now owns 4,941,830 shares of the company’s stock worth $78,773,000 after purchasing an additional 93,051 shares in the last quarter. Caprock Group LLC purchased a new stake in Mitsubishi UFJ Financial Group in the third quarter valued at approximately $2,367,000. Tudor Investment Corp ET AL raised its stake in Mitsubishi UFJ Financial Group by 834.1% in the third quarter. Tudor Investment Corp ET AL now owns 534,118 shares of the company’s stock valued at $8,514,000 after purchasing an additional 476,941 shares in the last quarter. Natixis Advisors LLC lifted its position in Mitsubishi UFJ Financial Group by 14.9% during the third quarter. Natixis Advisors LLC now owns 13,240,940 shares of the company’s stock valued at $211,061,000 after purchasing an additional 1,718,759 shares during the last quarter. Finally, Factory Mutual Insurance Co. purchased a new position in Mitsubishi UFJ Financial Group in the 3rd quarter worth approximately $6,286,000. Hedge funds and other institutional investors own 13.59% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings cut Mitsubishi UFJ Financial Group from a “buy (b)” rating to a “buy (b-)” rating in a research note on Tuesday, May 26th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Buy”.

Get Our Latest Report on Mitsubishi UFJ Financial Group

Mitsubishi UFJ Financial Group Price Performance

Shares of NYSE MUFG opened at $19.94 on Tuesday. The stock has a market capitalization of $236.67 billion, a P/E ratio of 14.14, a PEG ratio of 0.81 and a beta of 0.40. Mitsubishi UFJ Financial Group, Inc. has a one year low of $13.19 and a one year high of $20.23. The firm’s 50 day simple moving average is $18.33 and its two-hundred day simple moving average is $17.58.

Mitsubishi UFJ Financial Group (NYSE:MUFGGet Free Report) last announced its quarterly earnings data on Saturday, May 16th. The company reported $0.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.20 by $0.13. Mitsubishi UFJ Financial Group had a net margin of 16.65% and a return on equity of 11.07%. The company had revenue of $15.36 billion during the quarter, compared to analysts’ expectations of $9.34 billion. As a group, equities analysts expect that Mitsubishi UFJ Financial Group, Inc. will post 1.41 earnings per share for the current fiscal year.

Mitsubishi UFJ Financial Group Profile

(Free Report)

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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Institutional Ownership by Quarter for Mitsubishi UFJ Financial Group (NYSE:MUFG)

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