Boston Common Asset Management LLC Has $9.41 Million Stock Holdings in Mitsubishi UFJ Financial Group, Inc. $MUFG

Key Points

• Boston Common Asset Management cut its stake in Mitsubishi UFJ Financial Group by 83.2% in Q4, selling 2,942,257 shares and leaving 593,184 shares valued at about $9.41 million.
• Analyst sentiment is positive overall with upgrades from Weiss and UBS and an average rating of Buy (one Strong Buy, one Buy, one Hold).
• MUFG reported $0.32 EPS last quarter (beating the $0.30 estimate), and trades with a $193.7 billion market cap and a P/E of 14.32, with a 52-week range of $10.46–$20.15.

Boston Common Asset Management LLC reduced its holdings in shares of Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG - Free Report) by 83.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 593,184 shares of the company's stock after selling 2,942,257 shares during the quarter. Boston Common Asset Management LLC's holdings in Mitsubishi UFJ Financial Group were worth $9,408,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Westside Investment Management Inc. raised its holdings in shares of Mitsubishi UFJ Financial Group by 100.0% in the 3rd quarter. Westside Investment Management Inc. now owns 1,846 shares of the company's stock worth $29,000 after acquiring an additional 923 shares during the last quarter. JPL Wealth Management LLC acquired a new position in Mitsubishi UFJ Financial Group during the 3rd quarter valued at about $34,000. Redmont Wealth Advisors LLC acquired a new position in Mitsubishi UFJ Financial Group during the 3rd quarter valued at about $35,000. True Wealth Design LLC bought a new stake in Mitsubishi UFJ Financial Group during the 3rd quarter worth approximately $49,000. Finally, CWM LLC increased its holdings in Mitsubishi UFJ Financial Group by 188.9% during the 3rd quarter. CWM LLC now owns 3,504 shares of the company's stock worth $56,000 after purchasing an additional 2,291 shares in the last quarter. 13.59% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. Weiss Ratings upgraded Mitsubishi UFJ Financial Group from a "hold (c)" rating to a "buy (b-)" rating in a report on Thursday, February 5th. UBS Group upgraded Mitsubishi UFJ Financial Group to a "strong-buy" rating in a report on Thursday, January 22nd. Finally, Zacks Research lowered Mitsubishi UFJ Financial Group from a "strong-buy" rating to a "hold" rating in a research report on Monday, December 1st. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has assigned a Hold rating to the company's stock. According to data from MarketBeat.com, Mitsubishi UFJ Financial Group currently has an average rating of "Buy".

Mitsubishi UFJ Financial Group Trading Down 0.0%

Shares of MUFG stock opened at $16.32 on Tuesday. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.89 and a current ratio of 0.85. The company has a market capitalization of $193.73 billion, a price-to-earnings ratio of 14.32, a PEG ratio of 0.86 and a beta of 0.33. Mitsubishi UFJ Financial Group, Inc. has a 52-week low of $10.46 and a 52-week high of $20.15. The company has a 50-day simple moving average of $17.97 and a two-hundred day simple moving average of $16.55.

Mitsubishi UFJ Financial Group (NYSE:MUFG - Get Free Report) last posted its earnings results on Wednesday, February 4th. The company reported $0.32 EPS for the quarter, topping the consensus estimate of $0.30 by $0.02. Mitsubishi UFJ Financial Group had a net margin of 13.87% and a return on equity of 9.58%. Research analysts anticipate that Mitsubishi UFJ Financial Group, Inc. will post 0.99 EPS for the current fiscal year.

Mitsubishi UFJ Financial Group Profile

Mitsubishi UFJ Financial Group, Inc (MUFG) is a Tokyo-based financial services holding company and one of Japan's largest banking groups and among the world's leading financial institutions. The group was formed through the integration of Mitsubishi Tokyo Financial Group and UFJ Holdings and operates a comprehensive suite of banking and financial services for retail, corporate, and institutional clients. MUFG's core banking operations are conducted through its commercial banking arm and a network of domestic and international subsidiaries and affiliates.

MUFG offers a broad range of products and services including commercial and retail banking, corporate and investment banking, global transaction banking, trust banking, asset management, securities and brokerage services, credit cards, consumer finance, leasing and custody services.

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