Baird Financial Group Inc. Invests $1.22 Million in Mitsubishi UFJ Financial Group, Inc. $MUFG

Baird Financial Group Inc. purchased a new stake in shares of Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 89,228 shares of the company's stock, valued at approximately $1,216,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Northern Trust Corp boosted its position in shares of 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 during the last quarter. Natixis Advisors LLC lifted its position in Mitsubishi UFJ Financial Group by 9.2% in the first quarter. Natixis Advisors LLC now owns 10,756,565 shares of the company's stock valued at $146,612,000 after buying an additional 905,674 shares during the last quarter. Chevy Chase Trust Holdings LLC lifted its position in Mitsubishi UFJ Financial Group by 4.2% in the first quarter. Chevy Chase Trust Holdings LLC now owns 6,197,764 shares of the company's stock valued at $84,476,000 after buying an additional 247,508 shares during the last quarter. Royal Bank of Canada lifted its position in Mitsubishi UFJ Financial Group by 40.4% in the fourth quarter. Royal Bank of Canada now owns 6,021,271 shares of the company's stock valued at $70,570,000 after buying an additional 1,731,873 shares during the last quarter. Finally, Envestnet Asset Management Inc. lifted its position in Mitsubishi UFJ Financial Group by 0.3% in the first quarter. Envestnet Asset Management Inc. now owns 4,820,099 shares of the company's stock valued at $65,698,000 after buying an additional 13,167 shares during the last quarter. Institutional investors and hedge funds own 13.59% of the company's stock.

Analyst Upgrades and Downgrades

MUFG has been the topic of a number of recent research reports. 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 shares of Mitsubishi UFJ Financial Group from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, August 26th. One research analyst has rated the stock with a Strong Buy rating, Based on data from MarketBeat, the stock has an average rating of "Strong Buy".

Mitsubishi UFJ Financial Group Stock Down 0.5%

Mitsubishi UFJ Financial Group stock traded down $0.08 during mid-day trading on Friday, hitting $15.57. The company had a trading volume of 2,175,183 shares, compared to its average volume of 3,581,078. The stock has a market cap of $187.89 billion, a price-to-earnings ratio of 14.42, a PEG ratio of 1.14 and a beta of 0.39. Mitsubishi UFJ Financial Group, Inc. has a 1 year low of $9.85 and a 1 year high of $16.16. 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 business has a fifty day moving average of $14.62 and a 200 day moving average of $13.63.

Mitsubishi UFJ Financial Group (NYSE:MUFG - Get Free Report) last posted its quarterly earnings data on Monday, August 4th. The company reported $0.32 earnings per share for the quarter, beating the consensus estimate 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 business had revenue of $22.10 billion during the quarter, compared to the consensus estimate of $9.86 billion. On average, sell-side analysts expect 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.