Mitsubishi UFJ Financial Group, Inc. $MUFG Stock: First Command Advisory Services Inc. Raises Stake

First Command Advisory Services Inc. boosted its stake in Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG) by 624.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 30,956 shares of the company’s stock after buying an additional 26,684 shares during the period. First Command Advisory Services Inc.’s holdings in Mitsubishi UFJ Financial Group were worth $714,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Royal Bank of Canada boosted its holdings in shares of Mitsubishi UFJ Financial Group by 5.7% during the first quarter. Royal Bank of Canada now owns 6,315,948 shares of the company’s stock valued at $107,182,000 after acquiring an additional 338,881 shares during the period. Quantinno Capital Management LP grew its position in shares of Mitsubishi UFJ Financial Group by 21.4% during the first quarter. Quantinno Capital Management LP now owns 2,399,601 shares of the company’s stock worth $40,721,000 after acquiring an additional 423,058 shares during the last quarter. TD Waterhouse Canada Inc. grew its position in shares of Mitsubishi UFJ Financial Group by 18.3% during the third quarter. TD Waterhouse Canada Inc. now owns 1,097,840 shares of the company’s stock worth $24,827,000 after acquiring an additional 169,723 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in shares of Mitsubishi UFJ Financial Group by 6.3% in the 1st quarter. Bank of New York Mellon Corp now owns 1,363,726 shares of the company’s stock worth $23,142,000 after acquiring an additional 80,484 shares during the period. Finally, QRG Capital Management Inc. increased its holdings in shares of Mitsubishi UFJ Financial Group by 28.6% in the 2nd quarter. QRG Capital Management Inc. now owns 817,288 shares of the company’s stock worth $16,256,000 after acquiring an additional 181,696 shares during the period. 13.59% of the stock is currently owned by institutional investors.

Mitsubishi UFJ Financial Group Stock Performance

Shares of MUFG stock opened at $21.96 on Thursday. Mitsubishi UFJ Financial Group, Inc. has a 12-month low of $14.88 and a 12-month high of $24.26. The firm has a market capitalization of $260.67 billion, a price-to-earnings ratio of 13.62, a price-to-earnings-growth ratio of 0.81 and a beta of 0.51. The business has a 50 day simple moving average of $22.49 and a 200 day simple moving average of $20.28. The company has a debt-to-equity ratio of 1.10, a current ratio of 0.85 and a quick ratio of 0.85.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on MUFG shares. Weiss Ratings upgraded shares of Mitsubishi UFJ Financial Group from a “hold (c)” rating to a “buy (b-)” rating in a research report on Friday, September 25th. Zacks Research lowered shares of Mitsubishi UFJ Financial Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 3rd. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Buy”.

Mitsubishi UFJ Financial Group Profile

Mitsubishi UFJ Financial Group, Inc. (NYSE: MUFG) is a Japan-based financial services group headquartered in Tokyo. It was formed in 2005 through the merger of Mitsubishi Tokyo Financial Group and UFJ Holdings. MUFG provides commercial and retail banking, trust banking, securities, credit card and consumer finance, asset management, and leasing services. Its businesses serve individuals, companies, and institutional clients. The group operates primarily in Japan and also serves customers through a broad international network across the Americas, Europe, and Asia-Pacific.