Mitsubishi UFJ Financial Group, Inc. $MUFG Stake Raised by Whittier Trust Co.

Whittier Trust Co. boosted its holdings in shares of Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG) by 11.3% in the second quarter, HoldingsChannel reports. The fund owned 193,270 shares of the company’s stock after buying an additional 19,574 shares during the quarter. Whittier Trust Co.’s holdings in Mitsubishi UFJ Financial Group were worth $2,652,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of MUFG. Artemis Investment Management LLP grew its stake in Mitsubishi UFJ Financial Group by 175.6% during the 1st quarter. Artemis Investment Management LLP now owns 2,558,102 shares of the company’s stock valued at $34,867,000 after acquiring an additional 1,629,765 shares in the last quarter. National Bank of Canada FI purchased a new position in Mitsubishi UFJ Financial Group during the 1st quarter valued at about $12,534,000. Natixis Advisors LLC grew its stake in Mitsubishi UFJ Financial Group by 9.2% during the 1st quarter. Natixis Advisors LLC now owns 10,756,565 shares of the company’s stock valued at $146,612,000 after acquiring an additional 905,674 shares in the last quarter. Northern Trust Corp grew its stake in Mitsubishi UFJ Financial Group by 8.4% during the 1st quarter. Northern Trust Corp now owns 11,407,268 shares of the company’s stock valued at $155,481,000 after acquiring an additional 885,189 shares in the last quarter. Finally, 1832 Asset Management L.P. grew its stake in Mitsubishi UFJ Financial Group by 3,965.4% during the 1st quarter. 1832 Asset Management L.P. now owns 713,069 shares of the company’s stock valued at $9,719,000 after acquiring an additional 695,529 shares in the last quarter. Hedge funds and other institutional investors own 13.59% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have commented on MUFG shares. Wall Street Zen upgraded 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 note on Tuesday, August 26th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Mitsubishi UFJ Financial Group in a research note on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Buy”.

Mitsubishi UFJ Financial Group Stock Performance

MUFG opened at $15.02 on Thursday. The company has a market cap of $181.22 billion, a PE ratio of 13.90, a price-to-earnings-growth ratio of 1.11 and a beta of 0.38. The stock has a 50-day moving average of $15.47 and a 200-day moving average of $14.03. Mitsubishi UFJ Financial Group, Inc. has a 52-week low of $10.15 and a 52-week high of $16.24. The company has a debt-to-equity ratio of 1.86, a quick ratio of 0.89 and a current ratio of 0.89.

Mitsubishi UFJ Financial Group (NYSE:MUFG) last released its quarterly earnings results on Monday, August 4th. The company reported $0.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.29 by $0.03. The company had revenue of $22.10 billion during the quarter, compared to the consensus estimate of $9.86 billion. Mitsubishi UFJ Financial Group had a return on equity of 9.35% and a net margin of 13.95%. As a group, equities research 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.