Envestnet Asset Management Inc. Grows Position in Mitsubishi UFJ Financial Group, Inc. $MUFG

Envestnet Asset Management Inc. boosted its position in Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG) by 1.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,941,830 shares of the company’s stock after acquiring an additional 93,051 shares during the quarter. Envestnet Asset Management Inc.’s holdings in Mitsubishi UFJ Financial Group were worth $78,773,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in MUFG. Westside Investment Management Inc. raised its holdings in shares of Mitsubishi UFJ Financial Group by 100.0% in the 3rd quarter. Westside Investment Management Inc. now owns 1,846 shares of the company’s stock valued at $29,000 after purchasing an additional 923 shares in the last quarter. Ameritas Advisory Services LLC purchased a new position in Mitsubishi UFJ Financial Group in the second quarter valued at $36,000. True Wealth Design LLC acquired a new position in shares of Mitsubishi UFJ Financial Group during the 3rd quarter worth about $49,000. NewSquare Capital LLC increased its holdings in shares of Mitsubishi UFJ Financial Group by 162.6% in the 2nd quarter. NewSquare Capital LLC now owns 3,723 shares of the company’s stock valued at $51,000 after acquiring an additional 2,305 shares during the last quarter. Finally, CWM LLC raised its position in shares of Mitsubishi UFJ Financial Group by 188.9% during the 3rd quarter. CWM LLC now owns 3,504 shares of the company’s stock worth $56,000 after acquiring an additional 2,291 shares in the last quarter. Institutional investors and hedge funds own 13.59% of the company’s stock.

Mitsubishi UFJ Financial Group Price Performance

Shares of MUFG opened at $19.17 on Monday. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.89 and a current ratio of 0.85. Mitsubishi UFJ Financial Group, Inc. has a fifty-two week low of $10.46 and a fifty-two week high of $19.17. The firm has a 50-day simple moving average of $16.90 and a 200-day simple moving average of $15.81. The company has a market capitalization of $227.50 billion, a price-to-earnings ratio of 16.82, a price-to-earnings-growth ratio of 1.44 and a beta of 0.35.

Mitsubishi UFJ Financial Group (NYSE:MUFG) last posted its quarterly earnings data on Wednesday, February 4th. The company reported $0.32 earnings per share for the quarter, topping analysts’ consensus estimates of $0.30 by $0.02. Mitsubishi UFJ Financial Group had a return on equity of 9.58% and a net margin of 13.87%.The company had revenue of ($1,075.42) million during the quarter, compared to analysts’ expectations of $9.30 billion. On average, equities research analysts anticipate that Mitsubishi UFJ Financial Group, Inc. will post 0.99 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have commented on MUFG shares. UBS Group upgraded shares of Mitsubishi UFJ Financial Group to a “strong-buy” rating in a research note on Thursday, January 22nd. Zacks Research downgraded shares of Mitsubishi UFJ Financial Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, December 1st. Finally, Weiss Ratings upgraded Mitsubishi UFJ Financial Group from a “hold (c)” rating to a “buy (b-)” rating in a research report on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the stock 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.