Federation des caisses Desjardins du Quebec Acquires 673,502 Shares of Mitsubishi UFJ Financial Group, Inc. $MUFG

Key Points

• The Federation des caisses Desjardins du Quebec significantly increased its stake in Mitsubishi UFJ Financial Group by 30,337.9%, owning 675,722 shares worth approximately $9.21 million.
• In its latest financial results, Mitsubishi UFJ reported an EPS of $0.32, exceeding analysts' expectations and achieving a revenue of $22.10 billion during the quarter.
• Several brokerages have recently upgraded Mitsubishi UFJ's stock rating, with Zacks Research assigning it a strong-buy rating and an average rating of "Strong Buy" across analysts.

Federation des caisses Desjardins du Quebec boosted its stake in Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG - Free Report) by 30,337.9% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 675,722 shares of the company's stock after purchasing an additional 673,502 shares during the quarter. Federation des caisses Desjardins du Quebec's holdings in Mitsubishi UFJ Financial Group were worth $9,210,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the stock. Evergreen Capital Management LLC grew its holdings in Mitsubishi UFJ Financial Group by 0.9% in the first quarter. Evergreen Capital Management LLC now owns 87,011 shares of the company's stock worth $1,186,000 after purchasing an additional 796 shares during the period. Commerce Bank grew its holdings in shares of Mitsubishi UFJ Financial Group by 5.3% during the first quarter. Commerce Bank now owns 17,478 shares of the company's stock valued at $238,000 after buying an additional 878 shares during the last quarter. May Hill Capital LLC grew its holdings in shares of Mitsubishi UFJ Financial Group by 9.3% during the first quarter. May Hill Capital LLC now owns 11,258 shares of the company's stock valued at $153,000 after buying an additional 961 shares during the last quarter. Lindbrook Capital LLC grew its holdings in shares of Mitsubishi UFJ Financial Group by 3.2% during the first quarter. Lindbrook Capital LLC now owns 31,495 shares of the company's stock valued at $429,000 after buying an additional 983 shares during the last quarter. Finally, Wedmont Private Capital grew its holdings in shares of Mitsubishi UFJ Financial Group by 3.9% during the first quarter. Wedmont Private Capital now owns 29,658 shares of the company's stock valued at $404,000 after buying an additional 1,126 shares during the last quarter. 13.59% of the stock is currently owned by institutional investors and hedge funds.

Mitsubishi UFJ Financial Group Stock Performance

MUFG stock traded up $0.05 during mid-day trading on Tuesday, hitting $15.64. The company had a trading volume of 3,465,226 shares, compared to its average volume of 5,744,464. The firm has a market cap of $188.68 billion, a PE ratio of 14.48, a price-to-earnings-growth ratio of 1.11 and a beta of 0.39. The company has a debt-to-equity ratio of 1.86, a quick ratio of 0.89 and a current ratio of 0.89. Mitsubishi UFJ Financial Group, Inc. has a 12 month low of $9.85 and a 12 month high of $16.16. The stock's fifty day moving average price is $14.48 and its two-hundred day moving average price is $13.56.

Mitsubishi UFJ Financial Group (NYSE:MUFG - Get Free Report) last announced its quarterly earnings data on Monday, August 4th. The company reported $0.32 EPS for the quarter, topping the consensus estimate 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 business had revenue of $22.10 billion for the quarter, compared to analyst estimates of $9.86 billion. On average, analysts forecast that Mitsubishi UFJ Financial Group, Inc. will post 0.99 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on MUFG. Wall Street Zen upgraded shares of Mitsubishi UFJ Financial Group from a "sell" rating to a "hold" rating in a report on Saturday, August 9th. Zacks Research raised shares of Mitsubishi UFJ Financial Group from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, August 26th. One analyst has rated the stock with a Strong Buy rating, According to data from MarketBeat, the company has an average rating of "Strong Buy".

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.