FORA Capital LLC Invests $2.20 Million in Mitsubishi UFJ Financial Group, Inc. $MUFG

Key Points

• FORA Capital LLC has invested approximately $2.20 million in Mitsubishi UFJ Financial Group by acquiring 161,354 shares in the first quarter.
• Several institutional investors, including Northern Trust Corp and Royal Bank of Canada, have significantly increased their stakes in the company, indicating strong investor interest.
• Mitsubishi UFJ Financial Group shares recently reported a 0.5% increase and exceeded analysts' earnings expectations with a reported $0.32 EPS for the last quarter.

FORA Capital LLC acquired a new position in Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 161,354 shares of the company's stock, valued at approximately $2,199,000.

Several other institutional investors have also added to or reduced their stakes in the business. Northern Trust Corp increased its stake in shares of Mitsubishi UFJ Financial Group by 46.6% in the fourth quarter. Northern Trust Corp now owns 10,522,079 shares of the company's stock worth $123,319,000 after purchasing an additional 3,342,330 shares in the last quarter. Royal Bank of Canada boosted its holdings 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 buying an additional 1,731,873 shares during the period. Artemis Investment Management LLP grew its stake in Mitsubishi UFJ Financial Group by 175.6% in the 1st quarter. Artemis Investment Management LLP now owns 2,558,102 shares of the company's stock valued at $34,867,000 after buying an additional 1,629,765 shares in the last quarter. National Bank of Canada FI bought a new stake in Mitsubishi UFJ Financial Group during the 1st quarter valued at $12,534,000. Finally, Natixis Advisors LLC lifted its position in shares of Mitsubishi UFJ Financial Group by 9.2% during the first quarter. Natixis Advisors LLC now owns 10,756,565 shares of the company's stock worth $146,612,000 after acquiring an additional 905,674 shares in the last quarter. 13.59% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen upgraded Mitsubishi UFJ Financial Group from a "sell" rating to a "hold" rating in a research report on Saturday, August 9th.

Mitsubishi UFJ Financial Group Stock Up 0.5%

Shares of NYSE:MUFG opened at $15.55 on Wednesday. The firm has a fifty day moving average price of $14.17 and a two-hundred day moving average price of $13.39. The company has a market cap of $187.59 billion, a price-to-earnings ratio of 14.39, a PEG ratio of 1.41 and a beta of 0.42. The company has a debt-to-equity ratio of 1.86, a current ratio of 0.89 and a quick ratio of 0.89. Mitsubishi UFJ Financial Group, Inc. has a one year low of $9.85 and a one year high of $16.16.

Mitsubishi UFJ Financial Group (NYSE:MUFG - Get Free Report) last issued its quarterly earnings data on Monday, August 4th. The company reported $0.32 earnings per share (EPS) for the quarter, topping 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 for the quarter, compared to the consensus estimate of $9.86 billion. Analysts anticipate that Mitsubishi UFJ Financial Group, Inc. will post 0.99 EPS for the current fiscal year.

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.

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