Fiera Capital Corp Invests $592,000 in Mitsubishi UFJ Financial Group, Inc. $MUFG

Fiera Capital Corp bought a new position in shares of Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG) during the fourth quarter, HoldingsChannel reports. The fund bought 37,342 shares of the company’s stock, valued at approximately $592,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Fisher Asset Management LLC grew its stake in shares of Mitsubishi UFJ Financial Group by 2.0% during the fourth quarter. Fisher Asset Management LLC now owns 93,276,119 shares of the company’s stock worth $1,479,359,000 after buying an additional 1,789,620 shares during the last quarter. Goldman Sachs Group Inc. grew its stake in shares of Mitsubishi UFJ Financial Group by 0.8% during the fourth quarter. Goldman Sachs Group Inc. now owns 14,011,482 shares of the company’s stock worth $222,222,000 after buying an additional 104,327 shares during the last quarter. Natixis Advisors LLC raised its position in Mitsubishi UFJ Financial Group by 14.9% in the third quarter. Natixis Advisors LLC now owns 13,240,940 shares of the company’s stock valued at $211,061,000 after purchasing an additional 1,718,759 shares during the last quarter. Northern Trust Corp raised its position in Mitsubishi UFJ Financial Group by 1.9% in the third quarter. Northern Trust Corp now owns 11,397,833 shares of the company’s stock valued at $181,681,000 after purchasing an additional 211,265 shares during the last quarter. Finally, Clearbridge Investments LLC raised its position in Mitsubishi UFJ Financial Group by 20.0% in the fourth quarter. Clearbridge Investments LLC now owns 6,730,203 shares of the company’s stock valued at $106,741,000 after purchasing an additional 1,121,241 shares during the last quarter. Institutional investors own 13.59% of the company’s stock.

Analyst Ratings Changes

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 investment 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 company. According to data from MarketBeat, the stock has an average rating of “Buy”.

Mitsubishi UFJ Financial Group Stock Down 0.6%

Shares of NYSE MUFG opened at $19.72 on Thursday. Mitsubishi UFJ Financial Group, Inc. has a twelve month low of $13.19 and a twelve month high of $20.23. The firm has a fifty day simple moving average of $18.47 and a 200 day simple moving average of $17.64. The company has a market capitalization of $233.97 billion, a PE ratio of 13.98, a P/E/G ratio of 0.81 and a beta of 0.40.

Mitsubishi UFJ Financial Group (NYSE:MUFG) last released its quarterly earnings data on Saturday, May 16th. The company reported $0.33 earnings per share for the quarter, beating the consensus estimate of $0.20 by $0.13. The company had revenue of $15.36 billion during the quarter, compared to analyst estimates of $9.34 billion. Mitsubishi UFJ Financial Group had a net margin of 16.65% and a return on equity of 11.07%. As a group, equities analysts expect that Mitsubishi UFJ Financial Group, Inc. will post 1.41 earnings per share for the current fiscal year.

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.