Dorsey Wright & Associates Raises Stake in Mitsubishi UFJ Financial Group, Inc. $MUFG

Dorsey Wright & Associates increased its holdings in shares of Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG) by 39.3% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 223,030 shares of the company’s stock after purchasing an additional 62,918 shares during the quarter. Dorsey Wright & Associates’ holdings in Mitsubishi UFJ Financial Group were worth $3,785,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of the business. Transamerica Financial Advisors LLC lifted its position in Mitsubishi UFJ Financial Group by 3.2% during the fourth quarter. Transamerica Financial Advisors LLC now owns 17,484 shares of the company’s stock valued at $277,000 after buying an additional 545 shares in the last quarter. Independent Solutions Wealth Management LLC increased its position in shares of Mitsubishi UFJ Financial Group by 4.8% in the fourth quarter. Independent Solutions Wealth Management LLC now owns 12,692 shares of the company’s stock worth $201,000 after acquiring an additional 581 shares in the last quarter. Canopy Partners LLC increased its position in shares of Mitsubishi UFJ Financial Group by 4.0% in the fourth quarter. Canopy Partners LLC now owns 15,158 shares of the company’s stock worth $240,000 after acquiring an additional 582 shares in the last quarter. Parkside Financial Bank & Trust raised its stake in shares of Mitsubishi UFJ Financial Group by 9.8% in the 4th quarter. Parkside Financial Bank & Trust now owns 6,908 shares of the company’s stock valued at $110,000 after acquiring an additional 616 shares during the period. Finally, Alta Capital Management LLC raised its stake in shares of Mitsubishi UFJ Financial Group by 5.7% in the 4th quarter. Alta Capital Management LLC now owns 12,067 shares of the company’s stock valued at $191,000 after acquiring an additional 647 shares during the period. Hedge funds and other institutional investors own 13.59% of the company’s stock.

Analysts Set New Price Targets

MUFG has been the subject of several analyst reports. Mitsubishi UFJ Financial Group assumed coverage on Mitsubishi UFJ Financial Group in a research report on Thursday, June 25th. They issued a “buy” rating for the company. Erste Group Bank assumed coverage on Mitsubishi UFJ Financial Group in a research report on Thursday, June 25th. They set a “buy” rating on the stock. Finally, Weiss Ratings cut Mitsubishi UFJ Financial Group from a “buy (b)” rating to a “hold (c)” rating in a report on Tuesday. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, Mitsubishi UFJ Financial Group currently has a consensus rating of “Moderate Buy”.

Mitsubishi UFJ Financial Group Stock Performance

Shares of Mitsubishi UFJ Financial Group stock opened at $21.36 on Friday. The company has a debt-to-equity ratio of 1.75, a quick ratio of 0.98 and a current ratio of 0.98. Mitsubishi UFJ Financial Group, Inc. has a 1 year low of $13.27 and a 1 year high of $22.83. The firm’s 50-day simple moving average is $20.10 and its 200-day simple moving average is $18.58. The firm has a market cap of $253.46 billion, a PE ratio of 15.15, a price-to-earnings-growth ratio of 1.06 and a beta of 0.39.

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.