Coldstream Capital Management Inc. Increases Stake in Mitsubishi UFJ Financial Group, Inc. $MUFG

Coldstream Capital Management Inc. grew its position in shares of Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG) by 17.3% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 49,444 shares of the company’s stock after buying an additional 7,300 shares during the quarter. Coldstream Capital Management Inc.’s holdings in Mitsubishi UFJ Financial Group were worth $678,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently modified their holdings of the business. American Century Companies Inc. boosted its holdings in Mitsubishi UFJ Financial Group by 11.2% in the second quarter. American Century Companies Inc. now owns 2,158,689 shares of the company’s stock worth $29,617,000 after purchasing an additional 217,215 shares during the last quarter. Rhumbline Advisers increased its stake in shares of Mitsubishi UFJ Financial Group by 1.3% in the second quarter. Rhumbline Advisers now owns 200,891 shares of the company’s stock worth $2,756,000 after purchasing an additional 2,551 shares in the last quarter. AlphaCore Capital LLC purchased a new stake in Mitsubishi UFJ Financial Group in the 2nd quarter worth $241,000. Franklin Resources Inc. grew its position in shares of Mitsubishi UFJ Financial Group by 2.9% during the second quarter. Franklin Resources Inc. now owns 53,485 shares of the company’s stock worth $734,000 after purchasing an additional 1,498 shares in the last quarter. Finally, MAI Capital Management raised its position in shares of Mitsubishi UFJ Financial Group by 1,601.8% during the second quarter. MAI Capital Management now owns 18,056 shares of the company’s stock valued at $248,000 after buying an additional 16,995 shares during the last quarter. 13.59% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

MUFG has been the topic of several research reports. Zacks Research raised Mitsubishi UFJ Financial Group from a “hold” rating to a “strong-buy” rating in a report on Tuesday, August 26th. Weiss Ratings reissued a “hold (c)” rating on shares of Mitsubishi UFJ Financial Group in a research note on Wednesday, October 8th. Finally, Wall Street Zen raised Mitsubishi UFJ Financial Group from a “sell” rating to a “hold” rating in a research note on Saturday, August 9th. One research analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Buy”.

Mitsubishi UFJ Financial Group Price Performance

MUFG opened at $15.82 on Thursday. The company has a debt-to-equity ratio of 1.86, a current ratio of 0.89 and a quick ratio of 0.89. The firm has a market capitalization of $190.85 billion, a PE ratio of 14.64, a price-to-earnings-growth ratio of 1.09 and a beta of 0.37. The business’s 50-day moving average is $15.34 and its two-hundred day moving average is $14.63. Mitsubishi UFJ Financial Group, Inc. has a 1 year low of $10.46 and a 1 year high of $16.24.

Mitsubishi UFJ Financial Group (NYSE:MUFG) last posted its earnings results on Friday, November 14th. The company reported $0.44 EPS for the quarter, beating analysts’ consensus estimates of $0.34 by $0.10. Mitsubishi UFJ Financial Group had a net margin of 13.95% and a return on equity of 9.35%. The company had revenue of $23.61 billion during the quarter, compared to analysts’ expectations of $9.19 billion. Research analysts anticipate that Mitsubishi UFJ Financial Group, Inc. will post 0.99 earnings per share for the current fiscal year.

Mitsubishi UFJ Financial Group Profile

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.