Chevy Chase Trust Holdings LLC Has $84.56 Million Stake in Mitsubishi UFJ Financial Group, Inc. $MUFG

Key Points

• Chevy Chase Trust Holdings LLC owns approximately $84.56 million worth of Mitsubishi UFJ Financial Group, holding about 6.16 million shares after a slight reduction in their position.
• Analysts have upgraded Mitsubishi UFJ Financial Group's stock ratings, with Zacks Research raising it to a "strong-buy" and the current consensus rating categorized as a "Buy."
• The company reported better-than-expected earnings of $0.32 per share for the last quarter, surpassing analysts' estimates and achieving significant revenue of $22.10 billion.

Chevy Chase Trust Holdings LLC trimmed its position in shares of Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG - Free Report) by 0.6% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 6,163,005 shares of the company's stock after selling 34,759 shares during the quarter. Chevy Chase Trust Holdings LLC owned approximately 0.05% of Mitsubishi UFJ Financial Group worth $84,556,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also made changes to their positions in MUFG. Opal Wealth Advisors LLC bought a new position in shares of Mitsubishi UFJ Financial Group in the 2nd quarter valued at approximately $31,000. Caitong International Asset Management Co. Ltd bought a new stake in shares of Mitsubishi UFJ Financial Group during the first quarter valued at approximately $32,000. Ameritas Advisory Services LLC bought a new stake in shares of Mitsubishi UFJ Financial Group during the second quarter valued at approximately $36,000. Nisa Investment Advisors LLC bought a new stake in Mitsubishi UFJ Financial Group in the first quarter valued at $41,000. Finally, Geneos Wealth Management Inc. grew its position in Mitsubishi UFJ Financial Group by 245.3% in the first quarter. Geneos Wealth Management Inc. now owns 4,790 shares of the company's stock valued at $65,000 after acquiring an additional 3,403 shares during the period. 13.59% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have commented on MUFG shares. Zacks Research raised Mitsubishi UFJ Financial Group from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, August 26th. Wall Street Zen upgraded Mitsubishi UFJ Financial Group from a "sell" rating to a "hold" rating in a report on Saturday, August 9th. Finally, Weiss Ratings restated a "hold (c)" rating on shares of Mitsubishi UFJ Financial Group in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the company's stock. Based on data from MarketBeat.com, Mitsubishi UFJ Financial Group currently has a consensus rating of "Buy".

Mitsubishi UFJ Financial Group Stock Performance

MUFG opened at $15.11 on Friday. Mitsubishi UFJ Financial Group, Inc. has a 12-month low of $10.15 and a 12-month high of $16.24. The stock has a market cap of $182.34 billion, a price-to-earnings ratio of 13.99, a PEG ratio of 1.10 and a beta of 0.38. The business has a 50 day moving average of $15.44 and a 200-day moving average of $13.95. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 1.86.

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 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, equities research analysts expect that Mitsubishi UFJ Financial Group, Inc. will post 0.99 earnings per share for the current year.

Mitsubishi UFJ Financial Group 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.