TD Waterhouse Canada Inc. Purchases 51,369 Shares of Mitsubishi UFJ Financial Group, Inc. $MUFG

TD Waterhouse Canada Inc. raised its position in Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG) by 18.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 325,033 shares of the company’s stock after buying an additional 51,369 shares during the quarter. TD Waterhouse Canada Inc.’s holdings in Mitsubishi UFJ Financial Group were worth $5,152,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Westside Investment Management Inc. raised its stake in shares of Mitsubishi UFJ Financial Group by 100.0% in the third quarter. Westside Investment Management Inc. now owns 1,846 shares of the company’s stock valued at $29,000 after buying an additional 923 shares during the period. JPL Wealth Management LLC bought a new stake in shares of Mitsubishi UFJ Financial Group during the 3rd quarter valued at $34,000. Redmont Wealth Advisors LLC bought a new stake in shares of Mitsubishi UFJ Financial Group during the 3rd quarter valued at $35,000. Sound Income Strategies LLC raised its stake in shares of Mitsubishi UFJ Financial Group by 716.4% during the 4th quarter. Sound Income Strategies LLC now owns 2,482 shares of the company’s stock valued at $39,000 after purchasing an additional 2,178 shares during the period. Finally, True Wealth Design LLC bought a new stake in shares of Mitsubishi UFJ Financial Group during the 3rd quarter valued at $49,000. 13.59% of the stock is currently owned by institutional investors.

Mitsubishi UFJ Financial Group Stock Performance

NYSE:MUFG opened at $17.53 on Wednesday. Mitsubishi UFJ Financial Group, Inc. has a 52-week low of $11.78 and a 52-week high of $20.15. The business’s fifty day moving average is $17.84 and its 200 day moving average is $16.79. The firm has a market cap of $207.98 billion, a price-to-earnings ratio of 15.37, a PEG ratio of 0.80 and a beta of 0.38.

Mitsubishi UFJ Financial Group (NYSE:MUFG) last posted its earnings results on Wednesday, February 4th. The company reported $0.32 EPS for the quarter, topping the consensus estimate 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%. Equities analysts predict that Mitsubishi UFJ Financial Group, Inc. will post 1.23 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. UBS Group upgraded Mitsubishi UFJ Financial Group to a “strong-buy” rating in a research note on Thursday, January 22nd. Weiss Ratings upgraded Mitsubishi UFJ Financial Group from a “hold (c)” rating to a “buy (b-)” rating in a research note on Thursday, February 5th. 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 company. According to MarketBeat.com, the stock presently has a consensus rating of “Buy”.

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.