MQS Management LLC Grows Position in Mitsubishi UFJ Financial Group, Inc. $MUFG

MQS Management LLC increased its position in Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG) by 6.5% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 12,247 shares of the company’s stock after purchasing an additional 744 shares during the quarter. MQS Management LLC’s holdings in Mitsubishi UFJ Financial Group were worth $168,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Goldman Sachs Group Inc. lifted its stake in shares of Mitsubishi UFJ Financial Group by 2.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 12,652,332 shares of the company’s stock valued at $172,451,000 after purchasing an additional 288,583 shares during the period. Northern Trust Corp lifted its stake in shares of Mitsubishi UFJ Financial Group by 8.4% in the 1st quarter. Northern Trust Corp now owns 11,407,268 shares of the company’s stock valued at $155,481,000 after purchasing an additional 885,189 shares during the period. Natixis Advisors LLC lifted its stake in shares of Mitsubishi UFJ Financial Group by 9.2% in the 1st quarter. Natixis Advisors LLC now owns 10,756,565 shares of the company’s stock valued at $146,612,000 after purchasing an additional 905,674 shares during the period. Envestnet Asset Management Inc. lifted its stake in shares of Mitsubishi UFJ Financial Group by 0.3% in the 1st quarter. Envestnet Asset Management Inc. now owns 4,820,099 shares of the company’s stock valued at $65,698,000 after purchasing an additional 13,167 shares during the period. Finally, Raymond James Financial Inc. raised its stake in Mitsubishi UFJ Financial Group by 11.3% during the first quarter. Raymond James Financial Inc. now owns 2,778,517 shares of the company’s stock valued at $37,871,000 after buying an additional 282,644 shares during the last quarter. Hedge funds and other institutional investors own 13.59% of the company’s stock.

Mitsubishi UFJ Financial Group Stock Up 1.1%

MUFG stock opened at $15.07 on Wednesday. Mitsubishi UFJ Financial Group, Inc. has a 1-year low of $10.45 and a 1-year high of $16.24. The business has a fifty day moving average price of $15.42 and a 200-day moving average price of $14.17. The company has a debt-to-equity ratio of 1.86, a current ratio of 0.89 and a quick ratio of 0.89. The stock has a market capitalization of $181.80 billion, a P/E ratio of 13.95, a P/E/G ratio of 1.09 and a beta of 0.38.

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

Analysts Set New Price Targets

A number of research analysts have issued reports on MUFG shares. Wall Street Zen upgraded Mitsubishi UFJ Financial Group from a “sell” rating to a “hold” rating in a research note on Saturday, August 9th. Zacks Research upgraded Mitsubishi UFJ Financial Group from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, August 26th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Mitsubishi UFJ Financial Group in a research note 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. Based on data from MarketBeat, Mitsubishi UFJ Financial Group has an average rating of “Buy”.

Mitsubishi UFJ Financial Group 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.