Goldman Sachs Group Inc. Raises Stock Holdings in Mitsubishi UFJ Financial Group, Inc. $MUFG

Goldman Sachs Group Inc. boosted its holdings in shares of Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG) by 0.8% during the fourth quarter, HoldingsChannel.com reports. The firm owned 14,011,482 shares of the company’s stock after purchasing an additional 104,327 shares during the period. Goldman Sachs Group Inc.’s holdings in Mitsubishi UFJ Financial Group were worth $222,222,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Envestnet Asset Management Inc. boosted its position in Mitsubishi UFJ Financial Group by 1.9% during the third quarter. Envestnet Asset Management Inc. now owns 4,941,830 shares of the company’s stock worth $78,773,000 after purchasing an additional 93,051 shares in the last quarter. Caprock Group LLC purchased a new position in Mitsubishi UFJ Financial Group during the third quarter worth approximately $2,367,000. Tudor Investment Corp ET AL boosted its position in Mitsubishi UFJ Financial Group by 834.1% during the third quarter. Tudor Investment Corp ET AL now owns 534,118 shares of the company’s stock worth $8,514,000 after purchasing an additional 476,941 shares in the last quarter. Natixis Advisors LLC boosted its position in Mitsubishi UFJ Financial Group by 14.9% during the third quarter. Natixis Advisors LLC now owns 13,240,940 shares of the company’s stock worth $211,061,000 after purchasing an additional 1,718,759 shares in the last quarter. Finally, Factory Mutual Insurance Co. purchased a new position in Mitsubishi UFJ Financial Group during the third quarter worth approximately $6,286,000. Hedge funds and other institutional investors own 13.59% of the company’s stock.

Mitsubishi UFJ Financial Group Price Performance

Shares of Mitsubishi UFJ Financial Group stock opened at $19.91 on Friday. The business has a 50 day simple moving average of $18.26 and a two-hundred day simple moving average of $17.53. Mitsubishi UFJ Financial Group, Inc. has a 12 month low of $13.19 and a 12 month high of $20.23. The stock has a market capitalization of $236.23 billion, a P/E ratio of 14.12, a PEG ratio of 0.81 and a beta of 0.40.

Mitsubishi UFJ Financial Group (NYSE:MUFG) last announced its earnings results on Saturday, May 16th. The company reported $0.33 EPS for the quarter, beating analysts’ consensus estimates of $0.20 by $0.13. Mitsubishi UFJ Financial Group had a return on equity of 11.07% and a net margin of 16.65%.The business had revenue of $15.36 billion during the quarter, compared to analysts’ expectations of $9.34 billion. As a group, research analysts anticipate that Mitsubishi UFJ Financial Group, Inc. will post 1.41 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Separately, Weiss Ratings downgraded Mitsubishi UFJ Financial Group from a “buy (b)” rating to a “buy (b-)” rating in a research report on Tuesday, May 26th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, Mitsubishi UFJ Financial Group presently has a consensus rating of “Buy”.

About Mitsubishi UFJ Financial Group

Mitsubishi UFJ Financial Group, Inc (MUFG) is a Tokyo-based financial services holding company and one of Japan’s largest banking groups and among the world’s leading financial institutions. The group was formed through the integration of Mitsubishi Tokyo Financial Group and UFJ Holdings and operates a comprehensive suite of banking and financial services for retail, corporate, and institutional clients. MUFG’s core banking operations are conducted through its commercial banking arm and a network of domestic and international subsidiaries and affiliates.

MUFG offers a broad range of products and services including commercial and retail banking, corporate and investment banking, global transaction banking, trust banking, asset management, securities and brokerage services, credit cards, consumer finance, leasing and custody services.