Mitsubishi UFJ Financial Group, Inc. $MUFG Shares Bought by TD Waterhouse Canada Inc.

TD Waterhouse Canada Inc. boosted its holdings in shares of Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG) by 3.6% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 928,117 shares of the company’s stock after buying an additional 32,348 shares during the quarter. TD Waterhouse Canada Inc.’s holdings in Mitsubishi UFJ Financial Group were worth $18,816,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Elevation Wealth Partners LLC purchased a new position in shares of Mitsubishi UFJ Financial Group during the second quarter worth $25,000. Whipplewood Advisors LLC acquired a new position in Mitsubishi UFJ Financial Group during the first quarter valued at $29,000. Signature Equity Partners LLC boosted its holdings in Mitsubishi UFJ Financial Group by 73.0% in the first quarter. Signature Equity Partners LLC now owns 1,697 shares of the company’s stock valued at $29,000 after purchasing an additional 716 shares during the last quarter. JPL Wealth Management LLC purchased a new stake in Mitsubishi UFJ Financial Group in the third quarter valued at $34,000. Finally, Root Financial Partners LLC grew its position in Mitsubishi UFJ Financial Group by 96.2% during the 4th quarter. Root Financial Partners LLC now owns 2,562 shares of the company’s stock worth $41,000 after purchasing an additional 1,256 shares during the period. 13.59% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have weighed in on MUFG. Mitsubishi UFJ Financial Group began coverage on Mitsubishi UFJ Financial Group in a research note on Thursday, June 25th. They set a “buy” rating for the company. Weiss Ratings downgraded Mitsubishi UFJ Financial Group from a “buy (b)” rating to a “hold (c)” rating in a research note on Tuesday, July 14th. Finally, Erste Group Bank began coverage on Mitsubishi UFJ Financial Group in a report on Thursday, June 25th. They set a “buy” rating on the stock. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, Mitsubishi UFJ Financial Group has a consensus rating of “Moderate Buy”.

Mitsubishi UFJ Financial Group Stock Performance

Shares of NYSE MUFG opened at $24.10 on Friday. The company has a market capitalization of $286.01 billion, a PE ratio of 15.75, a price-to-earnings-growth ratio of 1.08 and a beta of 0.39. The company has a debt-to-equity ratio of 1.10, a quick ratio of 0.85 and a current ratio of 0.85. The company’s fifty day moving average price is $22.16 and its 200 day moving average price is $19.73. Mitsubishi UFJ Financial Group, Inc. has a 1 year low of $14.62 and a 1 year high of $24.26.

Mitsubishi UFJ Financial Group (NYSE:MUFG) last released its quarterly earnings data on Tuesday, August 4th. The company reported $0.45 earnings per share for the quarter, beating analysts’ consensus estimates of $0.35 by $0.10. The company had revenue of $15.11 billion during the quarter, compared to analysts’ expectations of $10.06 billion. Mitsubishi UFJ Financial Group had a net margin of 17.63% and a return on equity of 12.30%. On average, research analysts predict that Mitsubishi UFJ Financial Group, Inc. will post 1.57 earnings per share for the current year.

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.