Free Trial

National Bank of Canada FI Acquires Shares of 919,846 Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG)

Mitsubishi UFJ Financial Group logo with Finance background

Key Points

  • National Bank of Canada FI has invested approximately $12.53 million in Mitsubishi UFJ Financial Group by acquiring 919,846 shares, as indicated in its recent SEC filing.
  • Other institutional investors have also increased their holdings, with 13.59% of the stock currently owned by institutional investors and hedge funds.
  • Analysts have upgraded Mitsubishi UFJ Financial Group from a "sell" rating to a "hold" rating, reflecting a more favorable outlook for the company's performance.
  • Want stock alerts on Mitsubishi UFJ Financial Group? Get 5 Weeks of MarketBeat All Access for $5. Get My Stock Alerts.

National Bank of Canada FI purchased a new stake in shares of Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 919,846 shares of the company's stock, valued at approximately $12,534,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in MUFG. Northern Trust Corp increased 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 valued at $123,319,000 after purchasing an additional 3,342,330 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in Mitsubishi UFJ Financial Group in the 4th quarter worth approximately $29,252,000. Royal Bank of Canada increased 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 acquiring an additional 1,731,873 shares in the last quarter. Artemis Investment Management LLP increased its holdings 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 worth $34,867,000 after acquiring an additional 1,629,765 shares in the last quarter. Finally, Natixis Advisors LLC increased its holdings in Mitsubishi UFJ Financial Group by 9.2% in the 1st 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. Hedge funds and other institutional investors own 13.59% of the company's stock.

Mitsubishi UFJ Financial Group Stock Performance

Mitsubishi UFJ Financial Group stock traded down $0.09 during midday trading on Wednesday, hitting $15.01. The stock had a trading volume of 3,009,588 shares, compared to its average volume of 3,697,936. The firm's fifty day moving average is $13.85 and its two-hundred day moving average is $13.21. The company has a market capitalization of $181.14 billion, a PE ratio of 13.90, a P/E/G ratio of 1.48 and a beta of 0.42. Mitsubishi UFJ Financial Group, Inc. has a 52-week low of $9.85 and a 52-week high of $15.15. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 1.86.

Mitsubishi UFJ Financial Group (NYSE:MUFG - Get Free Report) last released its earnings results on Monday, August 4th. The company reported $0.32 earnings per share (EPS) for the quarter, topping the consensus estimate 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 company had revenue of $22.10 billion during the quarter, compared to analyst estimates of $9.86 billion. On average, research analysts forecast that Mitsubishi UFJ Financial Group, Inc. will post 0.99 EPS for the current year.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen raised shares of Mitsubishi UFJ Financial Group from a "sell" rating to a "hold" rating in a report on Saturday.

View Our Latest Research Report on Mitsubishi UFJ Financial Group

Mitsubishi UFJ Financial Group Company Profile

(Free Report)

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.

Read More

Institutional Ownership by Quarter for Mitsubishi UFJ Financial Group (NYSE:MUFG)

Should You Invest $1,000 in Mitsubishi UFJ Financial Group Right Now?

Before you consider Mitsubishi UFJ Financial Group, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Mitsubishi UFJ Financial Group wasn't on the list.

While Mitsubishi UFJ Financial Group currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

5G Stocks: The Path Forward is Profitable Cover

Enter your email address and we'll send you MarketBeat's guide to investing in 5G and which 5G stocks show the most promise.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Recent Videos

3 Overlooked Stocks Riding the AI Data Center Boom
3 Growth Stock Winners to Watch And 3 to Avoid
3 Growth Stocks That Could Pop Before Summer Ends

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines