1832 Asset Management L.P. Grows Stake in Mitsubishi UFJ Financial Group, Inc. $MUFG

Key Points

• 1832 Asset Management L.P. increased its stakes in Mitsubishi UFJ Financial Group by 3,965.4% during Q1, acquiring 695,529 shares, bringing its total to 713,069 shares valued at $9,719,000.
• Other hedge funds have also significantly increased their positions in Mitsubishi UFJ Financial Group, with notable boosts from Northern Trust Corp and Royal Bank of Canada in recent quarters.
• Analysts have upgraded Mitsubishi UFJ Financial Group from a "sell" to a "hold" rating, and the company recently reported an earnings per share of $0.32, surpassing expectations.

1832 Asset Management L.P. lifted its holdings in Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG - Free Report) by 3,965.4% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 713,069 shares of the company's stock after acquiring an additional 695,529 shares during the period. 1832 Asset Management L.P.'s holdings in Mitsubishi UFJ Financial Group were worth $9,719,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the business. Northern Trust Corp lifted its holdings in shares of 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. Natixis Advisors LLC raised 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 worth $146,612,000 after purchasing an additional 905,674 shares during the period. Chevy Chase Trust Holdings LLC raised its position in Mitsubishi UFJ Financial Group by 4.2% in the 1st quarter. Chevy Chase Trust Holdings LLC now owns 6,197,764 shares of the company's stock worth $84,476,000 after purchasing an additional 247,508 shares during the period. Royal Bank of Canada raised its position in Mitsubishi UFJ Financial Group by 40.4% in the 4th quarter. Royal Bank of Canada now owns 6,021,271 shares of the company's stock worth $70,570,000 after purchasing an additional 1,731,873 shares during the period. Finally, Envestnet Asset Management Inc. raised its position in Mitsubishi UFJ Financial Group by 0.3% in the 1st quarter. Envestnet Asset Management Inc. now owns 4,820,099 shares of the company's stock worth $65,698,000 after purchasing an additional 13,167 shares during the period. Institutional investors own 13.59% of the company's stock.

Mitsubishi UFJ Financial Group Stock Down 0.6%

Shares of NYSE MUFG traded down $0.09 during midday trading on Friday, reaching $15.32. 746,033 shares of the company's stock traded hands, compared to its average volume of 5,791,034. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 1.86. The stock's 50 day simple moving average is $14.25 and its 200-day simple moving average is $13.43. Mitsubishi UFJ Financial Group, Inc. has a one year low of $9.85 and a one year high of $16.16. The company has a market cap of $184.82 billion, a price-to-earnings ratio of 14.18, a P/E/G ratio of 1.40 and a beta of 0.42.

Mitsubishi UFJ Financial Group (NYSE:MUFG - Get Free Report) last released its quarterly earnings data on Monday, August 4th. The company reported $0.32 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.29 by $0.03. Mitsubishi UFJ Financial Group had a net margin of 13.95% and a return on equity of 9.35%. The firm had revenue of $22.10 billion for the quarter, compared to the consensus estimate of $9.86 billion. On average, analysts predict that Mitsubishi UFJ Financial Group, Inc. will post 0.99 EPS for the current fiscal year.

Wall Street Analyst Weigh In

MUFG has been the topic of a number of recent analyst reports. Zacks Research raised shares of Mitsubishi UFJ Financial Group from a "hold" rating to a "strong-buy" rating in a research report on Tuesday. Wall Street Zen raised shares of Mitsubishi UFJ Financial Group from a "sell" rating to a "hold" rating in a research report on Saturday, August 9th. One equities research analyst has rated the stock with a Strong Buy rating, According to data from MarketBeat.com, the stock currently has a consensus rating of "Strong 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.