TD Waterhouse Canada Inc. Boosts Stake in Mitsubishi UFJ Financial Group, Inc. $MUFG

TD Waterhouse Canada Inc. raised its holdings in shares of Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG) by 18.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 325,033 shares of the company’s stock after buying an additional 51,369 shares during the quarter. TD Waterhouse Canada Inc.’s holdings in Mitsubishi UFJ Financial Group were worth $5,152,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in MUFG. AQR Capital Management LLC grew its position in Mitsubishi UFJ Financial Group by 43.8% during the first quarter. AQR Capital Management LLC now owns 334,909 shares of the company’s stock worth $4,565,000 after buying an additional 101,930 shares in the last quarter. Focus Partners Wealth boosted its holdings in shares of Mitsubishi UFJ Financial Group by 14.8% in the 1st quarter. Focus Partners Wealth now owns 15,959 shares of the company’s stock worth $218,000 after purchasing an additional 2,058 shares in the last quarter. Geneos Wealth Management Inc. boosted its holdings in shares of Mitsubishi UFJ Financial Group by 245.3% in the 1st quarter. Geneos Wealth Management Inc. now owns 4,790 shares of the company’s stock worth $65,000 after purchasing an additional 3,403 shares in the last quarter. Acadian Asset Management LLC boosted its holdings in shares of Mitsubishi UFJ Financial Group by 104.1% in the 1st quarter. Acadian Asset Management LLC now owns 41,909 shares of the company’s stock worth $571,000 after purchasing an additional 21,379 shares in the last quarter. Finally, Sivia Capital Partners LLC boosted its holdings in shares of Mitsubishi UFJ Financial Group by 68.8% in the 2nd quarter. Sivia Capital Partners LLC now owns 35,190 shares of the company’s stock worth $483,000 after purchasing an additional 14,347 shares in the last quarter. 13.59% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. UBS Group upgraded Mitsubishi UFJ Financial Group to a “strong-buy” rating in a report on Thursday, January 22nd. Weiss Ratings upgraded Mitsubishi UFJ Financial Group from a “hold (c)” rating to a “buy (b-)” rating in a report on Thursday, February 5th. One equities 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 data from MarketBeat.com, Mitsubishi UFJ Financial Group has a consensus rating of “Buy”.

Mitsubishi UFJ Financial Group Trading Down 3.9%

MUFG opened at $17.53 on Wednesday. The stock has a market capitalization of $207.98 billion, a P/E ratio of 15.37, a PEG ratio of 0.80 and a beta of 0.38. Mitsubishi UFJ Financial Group, Inc. has a 12-month low of $11.78 and a 12-month high of $20.15. The stock has a 50-day moving average price of $17.84 and a 200-day moving average price of $16.79.

Mitsubishi UFJ Financial Group (NYSE:MUFG) last issued its earnings results on Wednesday, February 4th. The company reported $0.32 earnings per share for the quarter, beating the consensus estimate of $0.30 by $0.02. Mitsubishi UFJ Financial Group had a return on equity of 9.58% and a net margin of 13.87%. On average, equities research analysts predict that Mitsubishi UFJ Financial Group, Inc. will post 1.23 EPS for the current year.

Mitsubishi UFJ Financial Group 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.