Natixis Advisors LLC lifted its stake in Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG – Free Report) by 14.9% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 13,240,940 shares of the company’s stock after acquiring an additional 1,718,759 shares during the period. Natixis Advisors LLC owned 0.11% of Mitsubishi UFJ Financial Group worth $211,061,000 at the end of the most recent reporting period.
Several other institutional investors have also recently bought and sold shares of the company. Fisher Asset Management LLC boosted its position in shares of Mitsubishi UFJ Financial Group by 2.2% in the third quarter. Fisher Asset Management LLC now owns 91,486,499 shares of the company’s stock valued at $1,458,295,000 after acquiring an additional 1,973,325 shares during the period. Envestnet Asset Management Inc. increased 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 period. Todd Asset Management LLC raised its holdings in shares of Mitsubishi UFJ Financial Group by 0.3% in the 3rd quarter. Todd Asset Management LLC now owns 4,109,932 shares of the company’s stock worth $65,512,000 after buying an additional 10,822 shares in the last quarter. Raymond James Financial Inc. raised its stake in Mitsubishi UFJ Financial Group by 3.3% during the second quarter. Raymond James Financial Inc. now owns 2,870,737 shares of the company’s stock worth $39,386,000 after acquiring an additional 92,220 shares in the last quarter. Finally, American Century Companies Inc. lifted its holdings in Mitsubishi UFJ Financial Group by 19.4% during the 3rd quarter. American Century Companies Inc. now owns 2,577,874 shares of the company’s stock valued at $41,091,000 after purchasing an additional 419,185 shares during the last quarter. Institutional investors own 13.59% of the company’s stock.
Analyst Ratings Changes
A number of equities research analysts recently commented on MUFG shares. Zacks Research lowered Mitsubishi UFJ Financial Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 1st. UBS Group raised shares of Mitsubishi UFJ Financial Group to a “strong-buy” rating in a research note on Thursday, January 22nd. Finally, 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 investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, Mitsubishi UFJ Financial Group has an average rating of “Buy”.
Mitsubishi UFJ Financial Group Price Performance
Shares of NYSE MUFG opened at $17.06 on Friday. The company has a current ratio of 0.85, a quick ratio of 0.89 and a debt-to-equity ratio of 1.30. The firm has a market cap of $202.46 billion, a PE ratio of 14.96, a PEG ratio of 1.28 and a beta of 0.33. Mitsubishi UFJ Financial Group, Inc. has a 1-year low of $10.46 and a 1-year high of $20.15. The company has a fifty day moving average price of $18.06 and a 200 day moving average price of $16.39.
Mitsubishi UFJ Financial Group (NYSE:MUFG – Get Free Report) last announced its earnings results on Wednesday, February 4th. The company reported $0.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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%. Research analysts predict that Mitsubishi UFJ Financial Group, Inc. will post 0.99 earnings per share for the current fiscal year.
About Mitsubishi UFJ Financial Group
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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