Mitsubishi UFJ Financial Group, Inc. $MUFG Shares Purchased by Thornburg Investment Management Inc.

Thornburg Investment Management Inc. grew its position in shares of Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG) by 2.4% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,081,116 shares of the company’s stock after buying an additional 25,744 shares during the period. Thornburg Investment Management Inc.’s holdings in Mitsubishi UFJ Financial Group were worth $14,833,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in MUFG. Goldman Sachs Group Inc. raised its position in shares of Mitsubishi UFJ Financial Group by 2.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 12,652,332 shares of the company’s stock valued at $172,451,000 after acquiring an additional 288,583 shares in the last quarter. Northern Trust Corp increased its stake in Mitsubishi UFJ Financial Group by 8.4% during the first quarter. Northern Trust Corp now owns 11,407,268 shares of the company’s stock valued at $155,481,000 after purchasing an additional 885,189 shares during the last quarter. Natixis Advisors LLC increased its stake in Mitsubishi UFJ Financial Group by 9.2% during the first quarter. Natixis Advisors LLC now owns 10,756,565 shares of the company’s stock valued at $146,612,000 after purchasing an additional 905,674 shares during the last quarter. Envestnet Asset Management Inc. raised its holdings in shares of Mitsubishi UFJ Financial Group by 0.6% during the second quarter. Envestnet Asset Management Inc. now owns 4,848,779 shares of the company’s stock worth $66,525,000 after purchasing an additional 28,680 shares during the period. Finally, Raymond James Financial Inc. lifted its position in shares of Mitsubishi UFJ Financial Group by 11.3% in the 1st quarter. Raymond James Financial Inc. now owns 2,778,517 shares of the company’s stock worth $37,871,000 after buying an additional 282,644 shares during the last quarter. 13.59% of the stock is currently owned by institutional investors.

Mitsubishi UFJ Financial Group Stock Performance

Shares of NYSE MUFG opened at $15.51 on Wednesday. Mitsubishi UFJ Financial Group, Inc. has a 12-month low of $10.46 and a 12-month high of $16.24. The company has a market cap of $187.11 billion, a PE ratio of 14.36, a P/E/G ratio of 1.09 and a beta of 0.37. The stock has a 50 day simple moving average of $15.34 and a 200-day simple moving average of $14.62. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 1.86.

Mitsubishi UFJ Financial Group (NYSE:MUFG) last announced its earnings results on Friday, November 14th. The company reported $0.44 earnings per share for the quarter, beating the consensus estimate of $0.34 by $0.10. Mitsubishi UFJ Financial Group had a return on equity of 9.35% and a net margin of 13.95%.The firm had revenue of $23.61 billion for the quarter, compared to the consensus estimate of $9.19 billion. On average, equities research analysts forecast that Mitsubishi UFJ Financial Group, Inc. will post 0.99 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on MUFG. Wall Street Zen upgraded shares of Mitsubishi UFJ Financial Group from a “sell” rating to a “hold” rating in a research note on Saturday, August 9th. Zacks Research upgraded Mitsubishi UFJ Financial Group from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, August 26th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Mitsubishi UFJ Financial Group in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, Mitsubishi UFJ Financial Group has an average rating of “Buy”.

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.