Mitsubishi UFJ Financial Group, Inc. $MUFG Shares Bought by JPMorgan Chase & Co.

JPMorgan Chase & Co. lifted its position in shares of Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG) by 180.1% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 2,162,410 shares of the company’s stock after acquiring an additional 1,390,497 shares during the period. JPMorgan Chase & Co.’s holdings in Mitsubishi UFJ Financial Group were worth $34,469,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Sumitomo Mitsui Trust Group Inc. increased its position in shares of Mitsubishi UFJ Financial Group by 85.7% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 156,413 shares of the company’s stock valued at $2,493,000 after purchasing an additional 72,183 shares during the period. HB Wealth Management LLC boosted its stake in Mitsubishi UFJ Financial Group by 229.5% during the third quarter. HB Wealth Management LLC now owns 90,504 shares of the company’s stock valued at $1,443,000 after buying an additional 63,038 shares in the last quarter. Envestnet Asset Management Inc. grew its holdings in Mitsubishi UFJ Financial Group by 1.9% during the third quarter. Envestnet Asset Management Inc. now owns 4,941,830 shares of the company’s stock worth $78,773,000 after acquiring an additional 93,051 shares during the period. Caprock Group LLC bought a new stake in Mitsubishi UFJ Financial Group in the third quarter worth about $2,367,000. Finally, Y Intercept Hong Kong Ltd lifted its holdings in Mitsubishi UFJ Financial Group by 88.8% in the 3rd quarter. Y Intercept Hong Kong Ltd now owns 338,959 shares of the company’s stock valued at $5,403,000 after acquiring an additional 159,386 shares during the last quarter. 13.59% of the stock is currently owned by institutional investors.

Mitsubishi UFJ Financial Group Stock Down 1.8%

Shares of NYSE:MUFG opened at $18.62 on Friday. Mitsubishi UFJ Financial Group, Inc. has a 52 week low of $10.46 and a 52 week high of $20.15. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.89 and a current ratio of 0.85. The company has a market cap of $220.92 billion, a PE ratio of 16.33, a price-to-earnings-growth ratio of 1.43 and a beta of 0.35. The firm has a 50 day simple moving average of $17.90 and a 200 day simple moving average of $16.31.

Mitsubishi UFJ Financial Group (NYSE:MUFG) last released 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%.The company had revenue of ($1,075.42) million during the quarter, compared to analyst estimates of $9.30 billion. As a group, research analysts expect that Mitsubishi UFJ Financial Group, Inc. will post 0.99 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the stock. Weiss Ratings raised shares of Mitsubishi UFJ Financial Group from a “hold (c)” rating to a “buy (b-)” rating in a research note on Thursday, February 5th. UBS Group upgraded shares of Mitsubishi UFJ Financial Group to a “strong-buy” rating in a research report on Thursday, January 22nd. Finally, Zacks Research downgraded Mitsubishi UFJ Financial Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 1st. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, Mitsubishi UFJ Financial Group has a consensus rating of “Buy”.

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.