TD Waterhouse Canada Inc. boosted its stake in Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG – Free Report) by 3.6% during the second quarter, Holdings Channel.com reports. The fund owned 928,117 shares of the company’s stock after purchasing an additional 32,348 shares during the quarter. TD Waterhouse Canada Inc.’s holdings in Mitsubishi UFJ Financial Group were worth $18,816,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in MUFG. Fisher Asset Management LLC raised its position in Mitsubishi UFJ Financial Group by 2.0% during the fourth quarter. Fisher Asset Management LLC now owns 93,276,119 shares of the company’s stock worth $1,479,359,000 after acquiring an additional 1,789,620 shares during the period. Goldman Sachs Group Inc. grew its position in shares of Mitsubishi UFJ Financial Group by 0.8% in the fourth quarter. Goldman Sachs Group Inc. now owns 14,011,482 shares of the company’s stock valued at $222,222,000 after purchasing an additional 104,327 shares during the period. Northern Trust Corp grew its position in shares of 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 purchasing an additional 211,265 shares during the period. Clearbridge Investments LLC increased 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 purchasing an additional 1,121,241 shares in the last quarter. Finally, Royal Bank of Canada raised its position in shares of Mitsubishi UFJ Financial Group by 5.7% during the 1st quarter. Royal Bank of Canada now owns 6,315,948 shares of the company’s stock worth $107,182,000 after purchasing an additional 338,881 shares during the last quarter. Hedge funds and other institutional investors own 13.59% of the company’s stock.
Analyst Ratings Changes
A number of brokerages recently weighed in on MUFG. Mitsubishi UFJ Financial Group assumed coverage on shares of Mitsubishi UFJ Financial Group in a research note on Thursday, June 25th. They issued a “buy” rating on the stock. Erste Group Bank started coverage on Mitsubishi UFJ Financial Group in a research note on Thursday, June 25th. They set a “buy” rating for the company. Finally, Weiss Ratings cut Mitsubishi UFJ Financial Group from a “buy (b)” rating to a “hold (c)” rating in a report on Tuesday, July 14th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy”.
Mitsubishi UFJ Financial Group Stock Down 0.1%
MUFG stock opened at $24.10 on Friday. The company has a market cap of $286.01 billion, a price-to-earnings ratio of 15.75, a PEG ratio of 1.08 and a beta of 0.39. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 1.10. Mitsubishi UFJ Financial Group, Inc. has a 12 month low of $14.62 and a 12 month high of $24.26. The firm has a 50-day moving average of $22.16 and a two-hundred day moving average of $19.73.
Mitsubishi UFJ Financial Group (NYSE:MUFG – Get Free Report) last released its earnings results on Tuesday, August 4th. The company reported $0.45 earnings per share for the quarter, topping analysts’ consensus estimates of $0.35 by $0.10. The business had revenue of $15.11 billion for the quarter, compared to analyst estimates of $10.06 billion. Mitsubishi UFJ Financial Group had a net margin of 17.63% and a return on equity of 12.30%. As a group, analysts forecast that Mitsubishi UFJ Financial Group, Inc. will post 1.57 earnings per share for the current fiscal year.
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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