QP Wealth Management LLC Acquires 73,921 Shares of Mitsubishi UFJ Financial Group, Inc. $MUFG

Key Points

• QP Wealth Management acquired 73,921 MUFG shares worth approximately $1.7 million, making Mitsubishi UFJ Financial Group its 11th-largest holding and representing 2.6% of its portfolio.
• Institutional ownership increased broadly, with several firms—including Royal Bank of Canada, Quantinno Capital Management and QRG Capital Management—raising their stakes; institutions collectively own 13.59% of MUFG.
• MUFG exceeded quarterly expectations with $0.45 EPS versus $0.35 expected and $15.11 billion in revenue. Analysts maintain a favorable outlook, with the stock carrying an overall “Buy” rating.

QP Wealth Management LLC acquired a new stake in Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG - Free Report) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 73,921 shares of the company's stock, valued at approximately $1,705,000. Mitsubishi UFJ Financial Group accounts for approximately 2.6% of QP Wealth Management LLC's investment portfolio, making the stock its 11th largest position.

Other institutional investors have also recently modified their holdings of the company. Royal Bank of Canada raised its position in Mitsubishi UFJ Financial Group by 5.7% during the 1st quarter. Royal Bank of Canada now owns 6,315,948 shares of the company's stock worth $107,182,000 after buying an additional 338,881 shares during the last quarter. Quantinno Capital Management LP lifted its stake in Mitsubishi UFJ Financial Group by 21.4% during the 1st quarter. Quantinno Capital Management LP now owns 2,399,601 shares of the company's stock valued at $40,721,000 after acquiring an additional 423,058 shares during the period. Bank of New York Mellon Corp boosted its holdings in shares of Mitsubishi UFJ Financial Group by 6.3% in the 1st quarter. Bank of New York Mellon Corp now owns 1,363,726 shares of the company's stock valued at $23,142,000 after acquiring an additional 80,484 shares during the last quarter. TD Waterhouse Canada Inc. boosted its holdings in shares of Mitsubishi UFJ Financial Group by 18.3% in the 3rd quarter. TD Waterhouse Canada Inc. now owns 1,097,840 shares of the company's stock valued at $24,827,000 after acquiring an additional 169,723 shares during the last quarter. Finally, QRG Capital Management Inc. boosted its holdings in shares of Mitsubishi UFJ Financial Group by 28.6% in the 2nd quarter. QRG Capital Management Inc. now owns 817,288 shares of the company's stock valued at $16,256,000 after acquiring an additional 181,696 shares during the last quarter. 13.59% of the stock is currently owned by hedge funds and other institutional investors.

Mitsubishi UFJ Financial Group Price Performance

Shares of NYSE MUFG opened at $21.45 on Wednesday. The firm has a market cap of $254.62 billion, a PE ratio of 14.02, a PEG ratio of 0.80 and a beta of 0.44. The firm has a fifty day moving average of $22.85 and a 200 day moving average of $20.95. The company has a debt-to-equity ratio of 1.10, a quick ratio of 0.85 and a current ratio of 0.85. Mitsubishi UFJ Financial Group, Inc. has a one year low of $14.72 and a one year high of $24.26.

Mitsubishi UFJ Financial Group (NYSE:MUFG - Get Free Report) last announced its earnings results on Tuesday, August 4th. The company reported $0.45 EPS for the quarter, beating analysts' consensus estimates of $0.35 by $0.10. The business had revenue of $15.11 billion during the quarter, compared to analysts' expectations of $10.06 billion. Mitsubishi UFJ Financial Group had a return on equity of 12.30% and a net margin of 17.63%. As a group, research analysts predict that Mitsubishi UFJ Financial Group, Inc. will post 1.60 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on MUFG shares. Mitsubishi UFJ Financial Group initiated coverage on shares of Mitsubishi UFJ Financial Group in a report on Thursday, June 25th. They set a "buy" rating for the company. Erste Group Bank started coverage on shares of Mitsubishi UFJ Financial Group in a research report on Thursday, June 25th. They set a "buy" rating for the company. Zacks Research raised shares of Mitsubishi UFJ Financial Group from a "hold" rating to a "strong-buy" rating in a report on Monday, October 5th. Finally, Weiss Ratings raised Mitsubishi UFJ Financial Group from a "hold (c)" rating to a "buy (b-)" rating in a research report on Friday, September 25th. Two analysts have rated the stock with a Strong Buy rating and three have given a Buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Buy".

Mitsubishi UFJ Financial Group Company Profile

Mitsubishi UFJ Financial Group, Inc NYSE: MUFG is a Japanese financial services holding company headquartered in Tokyo. Established in 2005 through the merger of Mitsubishi Tokyo Financial Group and UFJ Holdings, the group is one of Japan's largest banking organizations and serves corporate, institutional, government and individual customers.

Through its principal subsidiaries, including MUFG Bank, Mitsubishi UFJ Trust and Banking Corporation and Mitsubishi UFJ Securities Holdings, the company provides commercial and investment banking, trust banking, securities underwriting and brokerage, asset management, credit cards, consumer finance and leasing services.

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