Barometer Capital Management Inc. Purchases 29,000 Shares of Mitsubishi UFJ Financial Group, Inc. $MUFG

Barometer Capital Management Inc. increased its position in shares of Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG) by 48.6% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 88,700 shares of the company’s stock after purchasing an additional 29,000 shares during the quarter. Barometer Capital Management Inc.’s holdings in Mitsubishi UFJ Financial Group were worth $1,505,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Fisher Asset Management LLC boosted its stake in shares of Mitsubishi UFJ Financial Group by 2.0% in the 4th 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 last quarter. 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 acquiring an additional 104,327 shares during the period. Northern Trust Corp boosted its position in Mitsubishi UFJ Financial Group by 1.9% in the third quarter. Northern Trust Corp now owns 11,397,833 shares of the company’s stock worth $181,681,000 after purchasing an additional 211,265 shares during the last quarter. Clearbridge Investments LLC grew its stake in Mitsubishi UFJ Financial Group by 20.0% in the 4th quarter. Clearbridge Investments LLC now owns 6,730,203 shares of the company’s stock valued at $106,741,000 after purchasing an additional 1,121,241 shares during the period. Finally, FIL Ltd raised its stake in shares of Mitsubishi UFJ Financial Group by 11.6% during the 4th quarter. FIL Ltd now owns 5,026,845 shares of the company’s stock worth $79,726,000 after purchasing an additional 521,832 shares during the period. 13.59% of the stock is owned by institutional investors.

Mitsubishi UFJ Financial Group Stock Up 3.4%

MUFG opened at $22.14 on Wednesday. Mitsubishi UFJ Financial Group, Inc. has a 12 month low of $13.56 and a 12 month high of $22.83. The company has a market cap of $262.69 billion, a PE ratio of 15.70, a price-to-earnings-growth ratio of 1.03 and a beta of 0.39. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 1.75. The company has a 50 day moving average of $20.24 and a 200 day moving average of $18.68.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. Mitsubishi UFJ Financial Group assumed coverage on shares of Mitsubishi UFJ Financial Group in a research report on Thursday, June 25th. They set a “buy” rating for the company. Weiss Ratings downgraded shares of Mitsubishi UFJ Financial Group from a “buy (b)” rating to a “hold (c)” rating in a research report on Tuesday, July 14th. Finally, Erste Group Bank started coverage on shares of Mitsubishi UFJ Financial Group in a report on Thursday, June 25th. They issued a “buy” rating on the stock. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate 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.