Yousif Capital Management LLC Boosts Stake in Mitsubishi UFJ Financial Group, Inc. $MUFG

Yousif Capital Management LLC boosted its position in shares of Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG) by 1.9% during the second quarter, Holdings Channel.com reports. The firm owned 138,975 shares of the company’s stock after buying an additional 2,608 shares during the quarter. Yousif Capital Management LLC’s holdings in Mitsubishi UFJ Financial Group were worth $1,907,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the company. Goldman Sachs Group Inc. raised its stake in Mitsubishi UFJ Financial Group by 2.3% during the first quarter. Goldman Sachs Group Inc. now owns 12,652,332 shares of the company’s stock worth $172,451,000 after purchasing an additional 288,583 shares during the period. Northern Trust Corp raised its stake in Mitsubishi UFJ Financial Group by 8.4% during the first quarter. Northern Trust Corp now owns 11,407,268 shares of the company’s stock worth $155,481,000 after purchasing an additional 885,189 shares during the period. Natixis Advisors LLC raised its stake in Mitsubishi UFJ Financial Group by 9.2% during the first quarter. Natixis Advisors LLC now owns 10,756,565 shares of the company’s stock worth $146,612,000 after purchasing an additional 905,674 shares during the period. Chevy Chase Trust Holdings LLC raised its stake in Mitsubishi UFJ Financial Group by 4.2% during the first quarter. Chevy Chase Trust Holdings LLC now owns 6,197,764 shares of the company’s stock worth $84,476,000 after purchasing an additional 247,508 shares during the period. Finally, Envestnet Asset Management Inc. raised its stake in Mitsubishi UFJ Financial Group by 0.3% during the first quarter. Envestnet Asset Management Inc. now owns 4,820,099 shares of the company’s stock worth $65,698,000 after purchasing an additional 13,167 shares during the period. 13.59% of the stock is owned by hedge funds and other institutional investors.

Mitsubishi UFJ Financial Group Trading Down 0.7%

Shares of MUFG stock opened at $15.01 on Friday. The company has a debt-to-equity ratio of 1.86, a quick ratio of 0.89 and a current ratio of 0.89. The stock has a market capitalization of $181.10 billion, a P/E ratio of 13.90, a price-to-earnings-growth ratio of 1.09 and a beta of 0.38. The company has a 50 day moving average price of $15.45 and a 200 day moving average price of $13.97. Mitsubishi UFJ Financial Group, Inc. has a fifty-two week low of $10.15 and a fifty-two week high of $16.24.

Mitsubishi UFJ Financial Group (NYSE:MUFG) last announced its quarterly earnings data on Monday, August 4th. The company reported $0.32 earnings per share for the quarter, beating analysts’ consensus estimates of $0.29 by $0.03. The firm had revenue of $22.10 billion during the quarter, compared to analysts’ expectations of $9.86 billion. Mitsubishi UFJ Financial Group had a net margin of 13.95% and a return on equity of 9.35%. Equities research analysts predict that Mitsubishi UFJ Financial Group, Inc. will post 0.99 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have commented on MUFG. Zacks Research raised shares of Mitsubishi UFJ Financial Group from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, August 26th. Wall Street Zen upgraded shares of Mitsubishi UFJ Financial Group from a “sell” rating to a “hold” rating in a research report on Saturday, August 9th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Mitsubishi UFJ Financial Group in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Buy”.

Mitsubishi UFJ Financial Group Company Profile

Mitsubishi UFJ Financial Group, Inc operates as the bank holding company, that engages in a range of financial businesses in Japan, the United States, Europe, Asia/Oceania, and internationally. It operates through seven segments: Digital Service, Retail & Commercial Banking, Japanese Corporate & Investment Banking, Global Commercial Banking, Asset Management & Investor Services, Global Corporate & Investment Banking, and Global Markets.