Shares of Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG – Get Free Report) hit a new 52-week high during mid-day trading on Friday . The company traded as high as $22.96 and last traded at $22.96, with a volume of 6346 shares. The stock had previously closed at $22.62.
Analysts Set New Price Targets
A number of brokerages have recently commented on MUFG. Mitsubishi UFJ Financial Group started coverage on Mitsubishi UFJ Financial Group in a report on Thursday, June 25th. They set a “buy” rating on the stock. Weiss Ratings cut shares of Mitsubishi UFJ Financial Group from a “buy (b)” rating to a “hold (c)” rating in a research note on Tuesday, July 14th. Finally, Erste Group Bank assumed coverage on shares of Mitsubishi UFJ Financial Group in a research report on Thursday, June 25th. They set a “buy” rating on the stock. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy”.
View Our Latest Research Report on MUFG
Mitsubishi UFJ Financial Group Price Performance
Hedge Funds Weigh In On Mitsubishi UFJ Financial Group
Several large investors have recently added to or reduced their stakes in the company. Fisher Asset Management LLC boosted its stake in Mitsubishi UFJ Financial Group by 2.0% in the 4th quarter. Fisher Asset Management LLC now owns 93,276,119 shares of the company’s stock valued at $1,479,359,000 after buying an additional 1,789,620 shares in the last quarter. Goldman Sachs Group Inc. lifted its holdings in Mitsubishi UFJ Financial Group by 0.8% during the 4th quarter. Goldman Sachs Group Inc. now owns 14,011,482 shares of the company’s stock worth $222,222,000 after buying an additional 104,327 shares in the last quarter. Northern Trust Corp boosted its holdings 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. Clearbridge Investments LLC raised its stake in shares of Mitsubishi UFJ Financial Group by 20.0% during the fourth quarter. Clearbridge Investments LLC now owns 6,730,203 shares of the company’s stock worth $106,741,000 after buying an additional 1,121,241 shares during the last quarter. Finally, Royal Bank of Canada lifted its stake in shares of Mitsubishi UFJ Financial Group by 5.7% in the 1st quarter. Royal Bank of Canada now owns 6,315,948 shares of the company’s stock valued at $107,182,000 after purchasing an additional 338,881 shares during the period. Institutional investors and hedge funds own 13.59% of the company’s stock.
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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