JCIC Asset Management Inc. Invests $2.83 Million in Mitsubishi UFJ Financial Group, Inc. $MUFG

Key Points

• JCIC Asset Management bought a new stake of 178,640 shares in Mitsubishi UFJ Financial Group during Q4, valued at about $2.83 million.
• Analyst sentiment has turned positive—Weiss and UBS both upgraded MUFG recently, and MarketBeat shows a consensus rating of "Buy".
• MUFG trades with a market cap of roughly $215.5 billion, a P/E of 15.93, and recently reported Q earnings of $0.32 EPS versus a $0.30 consensus, with a 52-week range of $10.89–$20.15.

JCIC Asset Management Inc. bought a new stake in Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 178,640 shares of the company's stock, valued at approximately $2,833,000.

Other institutional investors have also added to or reduced their stakes in the company. Sumitomo Mitsui Trust Group Inc. raised its position in Mitsubishi UFJ Financial Group by 85.7% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 156,413 shares of the company's stock worth $2,493,000 after acquiring an additional 72,183 shares during the period. HB Wealth Management LLC raised its position in Mitsubishi UFJ Financial Group by 229.5% in the third quarter. HB Wealth Management LLC now owns 90,504 shares of the company's stock worth $1,443,000 after acquiring an additional 63,038 shares during the period. Envestnet Asset Management Inc. raised its position in Mitsubishi UFJ Financial Group by 1.9% in the third quarter. Envestnet Asset Management Inc. now owns 4,941,830 shares of the company's stock worth $78,773,000 after acquiring an additional 93,051 shares during the period. Caprock Group LLC bought a new position in Mitsubishi UFJ Financial Group in the third quarter worth approximately $2,367,000. Finally, Y Intercept Hong Kong Ltd raised its position in Mitsubishi UFJ Financial Group by 88.8% in the third quarter. Y Intercept Hong Kong Ltd now owns 338,959 shares of the company's stock worth $5,403,000 after acquiring an additional 159,386 shares during the period. 13.59% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on MUFG. Weiss Ratings raised Mitsubishi UFJ Financial Group from a "hold (c)" rating to a "buy (b-)" rating in a research report on Thursday, February 5th. UBS Group raised Mitsubishi UFJ Financial Group to a "strong-buy" rating in a research report on Thursday, January 22nd. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, Mitsubishi UFJ Financial Group has a consensus rating of "Buy".

Mitsubishi UFJ Financial Group Price Performance

Shares of MUFG stock opened at $18.16 on Friday. The company has a market capitalization of $215.48 billion, a price-to-earnings ratio of 15.93, a PEG ratio of 0.82 and a beta of 0.38. Mitsubishi UFJ Financial Group, Inc. has a one year low of $10.89 and a one year high of $20.15. The company's fifty day moving average price is $17.91 and its 200-day moving average price is $16.65.

Mitsubishi UFJ Financial Group (NYSE:MUFG - Get Free Report) last announced its quarterly earnings data on Wednesday, February 4th. The company reported $0.32 EPS for the quarter, beating 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%. Equities research 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 (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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