Ramirez Asset Management Inc. Buys 94,199 Shares of Mitsubishi UFJ Financial Group, Inc. $MUFG

Ramirez Asset Management Inc. increased its stake in shares of Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG) by 24.4% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 480,219 shares of the company’s stock after purchasing an additional 94,199 shares during the quarter. Mitsubishi UFJ Financial Group accounts for 1.0% of Ramirez Asset Management Inc.’s holdings, making the stock its 29th biggest holding. Ramirez Asset Management Inc.’s holdings in Mitsubishi UFJ Financial Group were worth $6,589,000 as of its most recent filing with the SEC.

Several other large investors have also recently modified their holdings of the stock. Artemis Investment Management LLP grew its position in Mitsubishi UFJ Financial Group by 175.6% in 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 during the last quarter. National Bank of Canada FI bought a new position in Mitsubishi UFJ Financial Group in the 1st quarter valued at $12,534,000. Natixis Advisors LLC grew its position in Mitsubishi UFJ Financial Group by 9.2% in 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 during the last quarter. Northern Trust Corp grew its position in Mitsubishi UFJ Financial Group by 8.4% in 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 during the last quarter. Finally, 1832 Asset Management L.P. grew its position in Mitsubishi UFJ Financial Group by 3,965.4% in 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 during the last quarter. Institutional investors own 13.59% of the company’s stock.

Mitsubishi UFJ Financial Group Trading Down 0.1%

Mitsubishi UFJ Financial Group stock opened at $15.34 on Friday. The stock has a 50-day moving average of $15.35 and a two-hundred day moving average of $13.92. 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, Inc. has a one year low of $10.15 and a one year high of $16.24. The stock has a market cap of $185.12 billion, a PE ratio of 14.20, a price-to-earnings-growth ratio of 1.12 and a beta of 0.38.

Mitsubishi UFJ Financial Group (NYSE:MUFG) last released its quarterly earnings results on Monday, August 4th. The company reported $0.32 EPS for the quarter, beating analysts’ consensus estimates of $0.29 by $0.03. Mitsubishi UFJ Financial Group had a return on equity of 9.35% and a net margin of 13.95%.The company had revenue of $22.10 billion during the quarter, compared to analysts’ expectations of $9.86 billion. On average, research analysts anticipate that Mitsubishi UFJ Financial Group, Inc. will post 0.99 EPS for the current fiscal year.

Analysts Set New Price Targets

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

Mitsubishi UFJ Financial Group Company 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.