Oppenheimer Asset Management Inc. Raises Stake in Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG)

Oppenheimer Asset Management Inc. raised its holdings in Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG - Free Report) by 15.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 144,537 shares of the company's stock after purchasing an additional 19,255 shares during the period. Oppenheimer Asset Management Inc.'s holdings in Mitsubishi UFJ Financial Group were worth $1,970,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Northern Trust Corp raised its position in shares of Mitsubishi UFJ Financial Group by 46.6% during the 4th 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 during the last quarter. Natixis Advisors LLC increased its stake in Mitsubishi UFJ Financial Group by 5.4% during the 4th quarter. Natixis Advisors LLC now owns 9,850,891 shares of the company's stock worth $115,452,000 after buying an additional 507,578 shares in the last quarter. Royal Bank of Canada raised its holdings in shares of Mitsubishi UFJ Financial Group by 40.4% during the fourth quarter. Royal Bank of Canada now owns 6,021,271 shares of the company's stock valued at $70,570,000 after acquiring an additional 1,731,873 shares during the last quarter. Envestnet Asset Management Inc. raised its holdings in shares of Mitsubishi UFJ Financial Group by 7.0% during the fourth quarter. Envestnet Asset Management Inc. now owns 4,806,932 shares of the company's stock valued at $56,337,000 after acquiring an additional 313,851 shares during the last quarter. Finally, Sei Investments Co. lifted its position in shares of Mitsubishi UFJ Financial Group by 1.6% in the fourth quarter. Sei Investments Co. now owns 4,092,847 shares of the company's stock valued at $47,968,000 after acquiring an additional 64,808 shares in the last quarter. 13.59% of the stock is currently owned by hedge funds and other institutional investors.

Mitsubishi UFJ Financial Group Stock Up 0.5%

Shares of Mitsubishi UFJ Financial Group stock traded up $0.07 during trading hours on Friday, reaching $13.89. 2,794,371 shares of the company's stock were exchanged, compared to its average volume of 4,266,501. The business has a fifty day moving average of $13.20 and a two-hundred day moving average of $12.73. The company has a market capitalization of $167.56 billion, a P/E ratio of 13.22, a price-to-earnings-growth ratio of 0.91 and a beta of 0.42. Mitsubishi UFJ Financial Group, Inc. has a 1 year low of $8.75 and a 1 year high of $15.03.

Mitsubishi UFJ Financial Group (NYSE:MUFG - Get Free Report) last posted its quarterly earnings results on Thursday, May 15th. The company reported $0.13 earnings per share for the quarter, topping analysts' consensus estimates of $0.03 by $0.10. The firm had revenue of $22.91 billion for the quarter, compared to analyst estimates of $6.47 billion. Mitsubishi UFJ Financial Group had a net margin of 13.70% and a return on equity of 9.18%. As a group, research analysts predict that Mitsubishi UFJ Financial Group, Inc. will post 0.99 EPS for the current year.

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, June 14th.

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.