Mitsubishi UFJ Financial Group, Inc. $MUFG Shares Bought by Rockefeller Capital Management L.P.

Rockefeller Capital Management L.P. raised its holdings in Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG) by 160.9% during the 4th quarter, Holdings Channel.com reports. The firm owned 104,592 shares of the company’s stock after acquiring an additional 64,502 shares during the period. Rockefeller Capital Management L.P.’s holdings in Mitsubishi UFJ Financial Group were worth $1,659,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of MUFG. World Investment Advisors purchased a new position in shares of Mitsubishi UFJ Financial Group during the 4th quarter valued at about $215,000. Corient Private Wealth LLC boosted its stake in shares of Mitsubishi UFJ Financial Group by 3.6% in the fourth quarter. Corient Private Wealth LLC now owns 142,121 shares of the company’s stock worth $2,254,000 after buying an additional 4,895 shares during the last quarter. Caitong International Asset Management Co. Ltd grew its holdings in Mitsubishi UFJ Financial Group by 722.8% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 8,516 shares of the company’s stock worth $135,000 after acquiring an additional 7,481 shares during the period. Dorsey Wright & Associates grew its holdings in Mitsubishi UFJ Financial Group by 3.7% during the fourth quarter. Dorsey Wright & Associates now owns 160,112 shares of the company’s stock worth $2,539,000 after acquiring an additional 5,748 shares during the period. Finally, Compound Planning Inc. raised its position in Mitsubishi UFJ Financial Group by 13.7% during the fourth quarter. Compound Planning Inc. now owns 173,730 shares of the company’s stock valued at $2,755,000 after acquiring an additional 20,887 shares in the last quarter. Hedge funds and other institutional investors own 13.59% of the company’s stock.

Mitsubishi UFJ Financial Group Stock Down 0.3%

NYSE:MUFG opened at $19.91 on Wednesday. Mitsubishi UFJ Financial Group, Inc. has a 52 week low of $13.19 and a 52 week high of $21.17. The stock has a market capitalization of $236.31 billion, a PE ratio of 14.12, a price-to-earnings-growth ratio of 0.81 and a beta of 0.40. The stock’s 50-day moving average price is $19.14 and its 200-day moving average price is $18.09.

Mitsubishi UFJ Financial Group (NYSE:MUFG) last announced its quarterly earnings results on Saturday, May 16th. The company reported $0.33 earnings per share for the quarter, beating the consensus estimate of $0.20 by $0.13. The firm had revenue of $15.36 billion during the quarter, compared to analyst estimates of $9.34 billion. Mitsubishi UFJ Financial Group had a return on equity of 11.07% and a net margin of 16.65%. Sell-side analysts expect that Mitsubishi UFJ Financial Group, Inc. will post 1.41 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have issued reports on MUFG. Weiss Ratings downgraded Mitsubishi UFJ Financial Group from a “buy (b)” rating to a “buy (b-)” rating in a report on Tuesday, May 26th. Erste Group Bank assumed coverage on shares of Mitsubishi UFJ Financial Group in a research note on Thursday, June 25th. They set a “buy” rating on the stock. Finally, Mitsubishi UFJ Financial Group started coverage on shares of Mitsubishi UFJ Financial Group in a report on Thursday, June 25th. They set a “buy” rating for the company. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Buy”.

Mitsubishi UFJ Financial Group 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.