Envestnet Asset Management Inc. Increases Stake in Mitsubishi UFJ Financial Group, Inc. $MUFG

Envestnet Asset Management Inc. boosted its stake in Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG) by 0.6% during the second quarter, Holdings Channel.com reports. The firm owned 4,848,779 shares of the company’s stock after buying an additional 28,680 shares during the period. Envestnet Asset Management Inc.’s holdings in Mitsubishi UFJ Financial Group were worth $66,525,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of the stock. MQS Management LLC increased its stake in Mitsubishi UFJ Financial Group by 6.5% in the 2nd quarter. MQS Management LLC now owns 12,247 shares of the company’s stock worth $168,000 after purchasing an additional 744 shares during the period. Rehmann Capital Advisory Group increased its stake in Mitsubishi UFJ Financial Group by 1.1% in the 2nd quarter. Rehmann Capital Advisory Group now owns 69,804 shares of the company’s stock worth $958,000 after purchasing an additional 761 shares during the period. Evergreen Capital Management LLC increased its stake in Mitsubishi UFJ Financial Group by 0.9% in the 1st quarter. Evergreen Capital Management LLC now owns 87,011 shares of the company’s stock worth $1,186,000 after purchasing an additional 796 shares during the period. RNC Capital Management LLC increased its stake in Mitsubishi UFJ Financial Group by 1.9% in the 1st quarter. RNC Capital Management LLC now owns 43,350 shares of the company’s stock worth $591,000 after purchasing an additional 810 shares during the period. Finally, Allspring Global Investments Holdings LLC increased its stake in Mitsubishi UFJ Financial Group by 1.0% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 89,034 shares of the company’s stock worth $1,228,000 after purchasing an additional 854 shares during the period. 13.59% of the stock is owned by hedge funds and other institutional investors.

Mitsubishi UFJ Financial Group Price Performance

Shares of MUFG stock opened at $15.13 on Friday. The firm has a market cap of $182.52 billion, a P/E ratio of 14.00, a P/E/G ratio of 1.09 and a beta of 0.38. Mitsubishi UFJ Financial Group, Inc. has a fifty-two week low of $10.46 and a fifty-two week high of $16.24. The business’s 50 day moving average price is $15.41 and its 200-day moving average price is $14.20. The company has a debt-to-equity ratio of 1.86, a quick ratio of 0.89 and a current ratio of 0.89.

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

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on MUFG shares. Wall Street Zen raised Mitsubishi UFJ Financial Group from a “sell” rating to a “hold” rating in a research note on Saturday, August 9th. Zacks Research raised 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 report on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Buy”.

About Mitsubishi UFJ Financial Group

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.