169,723 Mitsubishi UFJ Financial Group, Inc. $MUFG Shares Acquired by TD Waterhouse Canada Inc.

Key Points

• TD Waterhouse Canada increased its MUFG stake by 18.3% in the third quarter, acquiring 169,723 additional shares and bringing its holdings to 1.10 million shares valued at approximately $24.8 million.
• Several other institutional investors also raised their positions, although hedge funds and other institutions collectively own 13.59% of Mitsubishi UFJ Financial Group.
• MUFG recently beat quarterly earnings expectations, reporting $0.45 EPS versus the $0.35 consensus and $15.11 billion in revenue. Analysts maintain a generally positive outlook, with the stock carrying an average “Buy” rating.

TD Waterhouse Canada Inc. raised its holdings in shares of Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG - Free Report) by 18.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,097,840 shares of the company's stock after buying an additional 169,723 shares during the period. TD Waterhouse Canada Inc.'s holdings in Mitsubishi UFJ Financial Group were worth $24,827,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Royal Bank of Canada boosted its position in Mitsubishi UFJ Financial Group by 5.7% during the first quarter. Royal Bank of Canada now owns 6,315,948 shares of the company's stock valued at $107,182,000 after purchasing an additional 338,881 shares in the last quarter. Quantinno Capital Management LP increased its holdings in Mitsubishi UFJ Financial Group by 21.4% in the 1st quarter. Quantinno Capital Management LP now owns 2,399,601 shares of the company's stock worth $40,721,000 after buying an additional 423,058 shares during the period. Bank of New York Mellon Corp increased its stake in shares of Mitsubishi UFJ Financial Group by 6.3% in the first quarter. Bank of New York Mellon Corp now owns 1,363,726 shares of the company's stock worth $23,142,000 after acquiring an additional 80,484 shares during the period. QRG Capital Management Inc. grew its position in Mitsubishi UFJ Financial Group by 28.6% during the 2nd quarter. QRG Capital Management Inc. now owns 817,288 shares of the company's stock worth $16,256,000 after purchasing an additional 181,696 shares during the period. Finally, Moran Wealth Management LLC increased its holdings in shares of Mitsubishi UFJ Financial Group by 8.6% during the 1st quarter. Moran Wealth Management LLC now owns 528,104 shares of the company's stock valued at $8,962,000 after purchasing an additional 41,636 shares in the last quarter. 13.59% of the stock is owned by hedge funds and other institutional investors.

Mitsubishi UFJ Financial Group Stock Up 0.2%

Shares of NYSE:MUFG opened at $21.90 on Friday. The company has a market capitalization of $259.86 billion, a price-to-earnings ratio of 14.31, a PEG ratio of 0.81 and a beta of 0.44. Mitsubishi UFJ Financial Group, Inc. has a 12-month low of $14.72 and a 12-month high of $24.26. The business has a 50-day moving average price of $22.87 and a 200 day moving average price of $20.85. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 1.10.

Mitsubishi UFJ Financial Group (NYSE:MUFG - Get Free Report) last announced its earnings results on Tuesday, August 4th. The company reported $0.45 earnings per share for the quarter, topping the consensus estimate of $0.35 by $0.10. Mitsubishi UFJ Financial Group had a net margin of 17.63% and a return on equity of 12.30%. The company had revenue of $15.11 billion during the quarter, compared to analyst estimates of $10.06 billion. Sell-side analysts expect that Mitsubishi UFJ Financial Group, Inc. will post 1.60 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. Zacks Research raised shares of Mitsubishi UFJ Financial Group from a "hold" rating to a "strong-buy" rating in a research note on Monday, October 5th. Erste Group Bank started coverage on shares of Mitsubishi UFJ Financial Group in a report on Thursday, June 25th. They issued a "buy" rating on the stock. Mitsubishi UFJ Financial Group began coverage on Mitsubishi UFJ Financial Group in a report on Thursday, June 25th. They issued a "buy" rating on the stock. Finally, Weiss Ratings upgraded Mitsubishi UFJ Financial Group from a "hold (c)" rating to a "buy (b-)" rating in a research report on Friday, September 25th. Two investment analysts have rated the stock with a Strong Buy rating and three have given a Buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Buy".

About Mitsubishi UFJ Financial Group

Mitsubishi UFJ Financial Group, Inc NYSE: MUFG is a Japanese financial services holding company headquartered in Tokyo. Established in 2005 through the merger of Mitsubishi Tokyo Financial Group and UFJ Holdings, the group is one of Japan's largest banking organizations and serves corporate, institutional, government and individual customers.

Through its principal subsidiaries, including MUFG Bank, Mitsubishi UFJ Trust and Banking Corporation and Mitsubishi UFJ Securities Holdings, the company provides commercial and investment banking, trust banking, securities underwriting and brokerage, asset management, credit cards, consumer finance and leasing services.

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