Envestnet Asset Management Inc. Increases Stake in Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG)

Envestnet Asset Management Inc. raised its holdings in Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG) by 0.3% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,820,099 shares of the company’s stock after buying an additional 13,167 shares during the period. Envestnet Asset Management Inc.’s holdings in Mitsubishi UFJ Financial Group were worth $65,698,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of MUFG. Financial Management Professionals Inc. boosted its holdings in Mitsubishi UFJ Financial Group by 116.7% in the first quarter. Financial Management Professionals Inc. now owns 3,257 shares of the company’s stock valued at $44,000 after purchasing an additional 1,754 shares during the period. Steward Partners Investment Advisory LLC boosted its stake in shares of Mitsubishi UFJ Financial Group by 33.9% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 5,056 shares of the company’s stock valued at $59,000 after buying an additional 1,279 shares during the period. Olde Wealth Management LLC acquired a new position in shares of Mitsubishi UFJ Financial Group during the first quarter worth about $87,000. Cary Street Partners Financial LLC acquired a new position in shares of Mitsubishi UFJ Financial Group during the fourth quarter worth about $98,000. Finally, May Hill Capital LLC purchased a new stake in shares of Mitsubishi UFJ Financial Group during the fourth quarter worth approximately $121,000. Institutional investors and hedge funds own 13.59% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Wall Street Zen upgraded shares of Mitsubishi UFJ Financial Group from a “sell” rating to a “hold” rating in a research note on Saturday, June 14th.

Mitsubishi UFJ Financial Group Trading Up 0.6%

Mitsubishi UFJ Financial Group stock opened at $13.67 on Friday. The company has a fifty day simple moving average of $13.52 and a 200-day simple moving average of $12.87. The stock has a market cap of $164.97 billion, a P/E ratio of 13.02, a price-to-earnings-growth ratio of 0.92 and a beta of 0.39. Mitsubishi UFJ Financial Group, Inc. has a 12-month low of $8.75 and a 12-month high of $15.03.

Mitsubishi UFJ Financial Group (NYSE:MUFG) last announced its quarterly earnings results on Thursday, May 15th. The company reported $0.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.03 by $0.10. Mitsubishi UFJ Financial Group had a return on equity of 9.18% and a net margin of 13.70%. The company had revenue of $22.91 billion during the quarter, compared to the consensus estimate of $6.47 billion. As a group, sell-side analysts forecast that Mitsubishi UFJ Financial Group, Inc. will post 0.99 earnings per share for the current fiscal year.

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.