Mitsubishi UFJ Financial Group, Inc. $MUFG Position Raised by Fisher Asset Management LLC

Key Points

• Fisher Asset Management increased its MUFG stake by 1.0% in the third quarter, adding 971,588 shares. It held nearly 98.9 million shares, worth about $2.28 billion, at quarter-end.
• Analysts have a consensus “Buy” rating: one rates the stock Strong Buy, three Buy, and one Hold. Weiss Ratings upgraded MUFG, while Zacks Research downgraded it to Hold.
• MUFG shares opened at $21.78 on Friday, down 0.7%; the stock’s 12-month trading range is $14.88 to $24.26.

Fisher Asset Management LLC grew its position in shares of Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG - Free Report) by 1.0% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 98,881,934 shares of the company's stock after acquiring an additional 971,588 shares during the quarter. Fisher Asset Management LLC owned 0.83% of Mitsubishi UFJ Financial Group worth $2,281,206,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Elevation Wealth Partners LLC acquired a new stake in shares of Mitsubishi UFJ Financial Group in the second quarter valued at approximately $25,000. Signature Equity Partners LLC lifted its position in shares of Mitsubishi UFJ Financial Group by 73.0% in the first quarter. Signature Equity Partners LLC now owns 1,697 shares of the company's stock worth $29,000 after purchasing an additional 716 shares in the last quarter. V Square Quantitative Management LLC acquired a new position in Mitsubishi UFJ Financial Group during the third quarter worth $32,000. Laurel Wealth Advisors LLC acquired a new position in Mitsubishi UFJ Financial Group during the third quarter worth $38,000. Finally, Retirement Wealth Solutions LLC grew its position in Mitsubishi UFJ Financial Group by 81.3% in the third quarter. Retirement Wealth Solutions LLC now owns 2,011 shares of the company's stock valued at $46,000 after purchasing an additional 902 shares in the last quarter. Institutional investors and hedge funds own 13.59% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on MUFG shares. Weiss Ratings upgraded shares of Mitsubishi UFJ Financial Group from a "hold (c)" rating to a "buy (b-)" rating in a research note on Friday, September 25th. Zacks Research cut shares of Mitsubishi UFJ Financial Group from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, November 3rd. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has assigned a Hold rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Buy".

Mitsubishi UFJ Financial Group Stock Down 0.7%

MUFG stock opened at $21.78 on Friday. The company has a market cap of $258.49 billion, a price-to-earnings ratio of 13.80, a P/E/G ratio of 0.82 and a beta of 0.51. Mitsubishi UFJ Financial Group, Inc. has a twelve month low of $14.88 and a twelve month high of $24.26. The business has a 50 day moving average price of $22.46 and a two-hundred day moving average price of $20.30. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 1.10.

Mitsubishi UFJ Financial Group Profile

Mitsubishi UFJ Financial Group, Inc. NYSE: MUFG is a Japan-based financial services group headquartered in Tokyo. It was formed in 2005 through the merger of Mitsubishi Tokyo Financial Group and UFJ Holdings. MUFG provides commercial and retail banking, trust banking, securities, credit card and consumer finance, asset management, and leasing services. Its businesses serve individuals, companies, and institutional clients. The group operates primarily in Japan and also serves customers through a broad international network across the Americas, Europe, and Asia-Pacific.

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