Todd Asset Management LLC Has $55.04 Million Position in Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG)

Key Points

• Todd Asset Management LLC reduced its stake in Mitsubishi UFJ Financial Group by 0.8%, selling 31,558 shares in the 1st quarter, bringing its total ownership to approximately 4,038,105 shares.
• Institutional investors own 13.59% of the company's stock, with several firms, including Nisa Investment Advisors LLC and Financial Management Professionals Inc., making new investments or significantly increasing their positions.
• Recently, analysts upgraded Mitsubishi UFJ Financial Group from a "sell" to a "hold" rating, reflecting a positive change in market sentiment towards the stock.

Todd Asset Management LLC reduced its position in shares of Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG - Free Report) by 0.8% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,038,105 shares of the company's stock after selling 31,558 shares during the quarter. Mitsubishi UFJ Financial Group accounts for 1.3% of Todd Asset Management LLC's investment portfolio, making the stock its 17th biggest holding. Todd Asset Management LLC's holdings in Mitsubishi UFJ Financial Group were worth $55,039,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. increased its position in Mitsubishi UFJ Financial Group by 50.8% during the fourth quarter. JPMorgan Chase & Co. now owns 389,603 shares of the company's stock worth $4,566,000 after buying an additional 131,305 shares during the last quarter. Franklin Resources Inc. lifted its stake in shares of Mitsubishi UFJ Financial Group by 5.4% in the fourth quarter. Franklin Resources Inc. now owns 51,864 shares of the company's stock valued at $608,000 after buying an additional 2,656 shares during the period. Russell Investments Group Ltd. lifted its stake in shares of Mitsubishi UFJ Financial Group by 36.4% in the fourth quarter. Russell Investments Group Ltd. now owns 73,844 shares of the company's stock valued at $865,000 after buying an additional 19,705 shares during the period. Bank of Montreal Can raised its position in Mitsubishi UFJ Financial Group by 47.0% in the fourth quarter. Bank of Montreal Can now owns 103,952 shares of the company's stock worth $1,218,000 after purchasing an additional 33,220 shares in the last quarter. Finally, Renaissance Technologies LLC raised its position in Mitsubishi UFJ Financial Group by 1.4% in the fourth quarter. Renaissance Technologies LLC now owns 561,631 shares of the company's stock worth $6,582,000 after purchasing an additional 7,720 shares in the last quarter. 13.59% of the stock is owned by institutional investors and hedge funds.

Mitsubishi UFJ Financial Group Price Performance

Shares of NYSE MUFG traded up $0.61 during mid-day trading on Tuesday, hitting $15.10. 3,276,690 shares of the stock were exchanged, compared to its average volume of 3,700,108. The company has a debt-to-equity ratio of 1.86, a quick ratio of 0.89 and a current ratio of 0.89. The company has a market cap of $182.16 billion, a P/E ratio of 13.98, a PEG ratio of 1.42 and a beta of 0.42. The stock's fifty day simple moving average is $13.82 and its two-hundred day simple moving average is $13.20. Mitsubishi UFJ Financial Group, Inc. has a twelve month low of $9.76 and a twelve month high of $15.15.

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

Analyst Upgrades and Downgrades

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

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.