Toronto Dominion Bank Acquires New Stake in Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG)

Toronto Dominion Bank acquired a new stake in Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 386,100 shares of the company’s stock, valued at approximately $4,525,000.

Several other hedge funds have also recently added to or reduced their stakes in MUFG. Northern Trust Corp raised its stake in Mitsubishi UFJ Financial Group by 46.6% in 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. Clearbridge Investments LLC increased its stake in shares of Mitsubishi UFJ Financial Group by 325.9% in the 4th quarter. Clearbridge Investments LLC now owns 3,822,530 shares of the company’s stock worth $44,800,000 after acquiring an additional 2,924,979 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Mitsubishi UFJ Financial Group in the 4th quarter worth $29,252,000. Royal Bank of Canada increased its stake in shares of 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 during the last quarter. Finally, Guardian Partners Inc. acquired a new stake in shares of Mitsubishi UFJ Financial Group in the 4th quarter worth $7,069,000. 13.59% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised Mitsubishi UFJ Financial Group from a “sell” rating to a “hold” rating in a research note on Friday, May 16th.

Mitsubishi UFJ Financial Group Stock Up 0.8%

Shares of MUFG opened at $13.83 on Thursday. Mitsubishi UFJ Financial Group, Inc. has a 52-week low of $8.75 and a 52-week high of $15.03. The company has a market capitalization of $166.84 billion, a PE ratio of 12.68, a price-to-earnings-growth ratio of 1.16 and a beta of 0.39. The stock has a fifty day simple moving average of $12.74 and a two-hundred day simple moving average of $12.37. The company has a quick ratio of 0.92, a current ratio of 0.90 and a debt-to-equity ratio of 2.06.

Mitsubishi UFJ Financial Group (NYSE:MUFG) last released 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 business had revenue of $22.91 billion during the quarter, compared to analysts’ expectations of $6.47 billion. Mitsubishi UFJ Financial Group had a return on equity of 9.27% and a net margin of 14.19%. As a group, equities analysts forecast that Mitsubishi UFJ Financial Group, Inc. will post 0.99 EPS for the current year.

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.