Clearbridge Investments LLC Grows Position in Mitsubishi UFJ Financial Group, Inc. $MUFG

Clearbridge Investments LLC increased its holdings in Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG) by 20.0% in the fourth quarter, Holdings Channel reports. The fund owned 6,730,203 shares of the company’s stock after purchasing an additional 1,121,241 shares during the quarter. Clearbridge Investments LLC’s holdings in Mitsubishi UFJ Financial Group were worth $106,741,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the stock. Fisher Asset Management LLC lifted its holdings in Mitsubishi UFJ Financial Group by 2.0% during the fourth quarter. Fisher Asset Management LLC now owns 93,276,119 shares of the company’s stock worth $1,479,359,000 after buying an additional 1,789,620 shares during the period. Goldman Sachs Group Inc. lifted its holdings in Mitsubishi UFJ Financial Group by 0.8% during the fourth quarter. Goldman Sachs Group Inc. now owns 14,011,482 shares of the company’s stock worth $222,222,000 after buying an additional 104,327 shares during the period. Natixis Advisors LLC lifted its holdings in Mitsubishi UFJ Financial Group by 14.9% during the third quarter. Natixis Advisors LLC now owns 13,240,940 shares of the company’s stock worth $211,061,000 after buying an additional 1,718,759 shares during the period. Northern Trust Corp lifted its holdings in Mitsubishi UFJ Financial Group by 1.9% during the third quarter. Northern Trust Corp now owns 11,397,833 shares of the company’s stock worth $181,681,000 after buying an additional 211,265 shares during the period. Finally, Chevy Chase Trust Holdings LLC lifted its holdings in Mitsubishi UFJ Financial Group by 1.0% during the third quarter. Chevy Chase Trust Holdings LLC now owns 6,222,247 shares of the company’s stock worth $99,183,000 after buying an additional 59,242 shares during the period. Hedge funds and other institutional investors own 13.59% of the company’s stock.

Mitsubishi UFJ Financial Group Trading Up 0.2%

Shares of MUFG opened at $19.94 on Tuesday. Mitsubishi UFJ Financial Group, Inc. has a 12 month low of $13.19 and a 12 month high of $20.23. The stock has a fifty day moving average price of $18.33 and a 200-day moving average price of $17.58. The firm has a market cap of $236.67 billion, a PE ratio of 14.14, a P/E/G ratio of 0.81 and a beta of 0.40.

Mitsubishi UFJ Financial Group (NYSE:MUFG) last issued its quarterly earnings data on Saturday, May 16th. The company reported $0.33 EPS for the quarter, beating the consensus estimate of $0.20 by $0.13. Mitsubishi UFJ Financial Group had a return on equity of 11.07% and a net margin of 16.65%.The firm had revenue of $15.36 billion during the quarter, compared to analyst estimates of $9.34 billion. As a group, research analysts forecast that Mitsubishi UFJ Financial Group, Inc. will post 1.41 EPS for the current year.

Analysts Set New Price Targets

Separately, Weiss Ratings lowered Mitsubishi UFJ Financial Group from a “buy (b)” rating to a “buy (b-)” rating in a report on Tuesday, May 26th. One investment 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’s stock. According to data from MarketBeat, the company currently has an average 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.