Mitsubishi UFJ Financial Group, Inc. $MUFG Shares Bought by HighTower Advisors LLC

Key Points

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HighTower Advisors LLC raised its position in Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG - Free Report) by 9.0% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 485,832 shares of the company's stock after purchasing an additional 40,258 shares during the quarter. HighTower Advisors LLC's holdings in Mitsubishi UFJ Financial Group were worth $6,622,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in MUFG. 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 valued at $123,319,000 after purchasing an additional 3,342,330 shares during the period. Royal Bank of Canada increased its stake in shares of Mitsubishi UFJ Financial Group by 40.4% in the fourth quarter. Royal Bank of Canada now owns 6,021,271 shares of the company's stock valued at $70,570,000 after purchasing an additional 1,731,873 shares during the period. Artemis Investment Management LLP increased its stake in shares of Mitsubishi UFJ Financial Group by 175.6% in the first quarter. Artemis Investment Management LLP now owns 2,558,102 shares of the company's stock valued at $34,867,000 after purchasing an additional 1,629,765 shares during the period. National Bank of Canada FI acquired a new stake in shares of Mitsubishi UFJ Financial Group in the first quarter valued at approximately $12,534,000. Finally, Natixis Advisors LLC increased its stake in shares of Mitsubishi UFJ Financial Group by 9.2% in the first quarter. Natixis Advisors LLC now owns 10,756,565 shares of the company's stock valued at $146,612,000 after purchasing an additional 905,674 shares during the period. Institutional investors and hedge funds own 13.59% of the company's stock.

Mitsubishi UFJ Financial Group Price Performance

NYSE MUFG opened at $15.64 on Tuesday. Mitsubishi UFJ Financial Group, Inc. has a 12 month low of $9.85 and a 12 month high of $16.16. The company has a debt-to-equity ratio of 1.86, a current ratio of 0.89 and a quick ratio of 0.89. The firm has a market capitalization of $188.74 billion, a PE ratio of 14.48, a P/E/G ratio of 1.56 and a beta of 0.42. The company's 50 day simple moving average is $13.96 and its 200 day simple moving average is $13.28.

Mitsubishi UFJ Financial Group (NYSE:MUFG - Get Free Report) last posted its quarterly earnings data on Monday, August 4th. The company reported $0.32 EPS for the quarter, beating analysts' consensus estimates 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. As a group, equities research analysts forecast that Mitsubishi UFJ Financial Group, Inc. will post 0.99 EPS for the current fiscal year.

Analyst Ratings Changes

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

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.

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