TD Asset Management Inc Purchases 374,752 Shares of Mitsubishi UFJ Financial Group, Inc. $MUFG

Key Points

• TD Asset Management Inc has significantly increased its holdings in Mitsubishi UFJ Financial Group by 152.2%, acquiring an additional 374,752 shares to reach a total of 620,899 shares valued at approximately $8.5 million.
• Mitsubishi UFJ Financial Group reported $0.32 earnings per share for the quarter, surpassing analysts' expectations, with a revenue of $22.10 billion compared to a consensus estimate of $9.86 billion.
• Analysts have upgraded their ratings on the stock, with some indicating a shift from a "sell" to a "hold" and others assigning a "strong-buy" rating, resulting in an average rating of "Buy."

TD Asset Management Inc increased its holdings in Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG - Free Report) by 152.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 620,899 shares of the company's stock after acquiring an additional 374,752 shares during the period. TD Asset Management Inc's holdings in Mitsubishi UFJ Financial Group were worth $8,519,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Opal Wealth Advisors LLC purchased a new position in Mitsubishi UFJ Financial Group in the second quarter worth $31,000. Caitong International Asset Management Co. Ltd purchased a new position in shares of Mitsubishi UFJ Financial Group in the 1st quarter worth about $32,000. Ameritas Advisory Services LLC bought a new position in Mitsubishi UFJ Financial Group during the second quarter valued at about $36,000. Nisa Investment Advisors LLC purchased a new stake in Mitsubishi UFJ Financial Group during the first quarter worth about $41,000. Finally, Geneos Wealth Management Inc. raised its position in Mitsubishi UFJ Financial Group by 245.3% in the first quarter. Geneos Wealth Management Inc. now owns 4,790 shares of the company's stock worth $65,000 after acquiring an additional 3,403 shares during the period. 13.59% of the stock is owned by hedge funds and other institutional investors.

Mitsubishi UFJ Financial Group Price Performance

Shares of NYSE MUFG opened at $15.01 on Monday. The company has a debt-to-equity ratio of 1.86, a quick ratio of 0.89 and a current ratio of 0.89. Mitsubishi UFJ Financial Group, Inc. has a fifty-two week low of $10.15 and a fifty-two week high of $16.24. The stock has a market cap of $181.10 billion, a PE ratio of 13.90, a price-to-earnings-growth ratio of 1.09 and a beta of 0.38. The stock has a fifty day moving average of $15.45 and a 200-day moving average of $13.98.

Mitsubishi UFJ Financial Group (NYSE:MUFG - Get Free Report) last announced its quarterly earnings results on Monday, August 4th. The company reported $0.32 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.29 by $0.03. The firm had revenue of $22.10 billion for the quarter, compared to the consensus estimate of $9.86 billion. Mitsubishi UFJ Financial Group had a net margin of 13.95% and a return on equity of 9.35%. Equities research analysts anticipate that Mitsubishi UFJ Financial Group, Inc. will post 0.99 earnings per share for the current year.

Wall Street Analyst Weigh In

MUFG has been the subject of a number of research reports. Wall Street Zen raised shares of Mitsubishi UFJ Financial Group from a "sell" rating to a "hold" rating in a research report on Saturday, August 9th. Weiss Ratings reissued a "hold (c)" rating on shares of Mitsubishi UFJ Financial Group in a research report on Wednesday, October 8th. Finally, Zacks Research raised Mitsubishi UFJ Financial Group from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, August 26th. One investment analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Buy".

About Mitsubishi UFJ Financial Group

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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