JPMorgan Chase & Co. Has $34.47 Million Stock Holdings in Mitsubishi UFJ Financial Group, Inc. $MUFG

JPMorgan Chase & Co. raised its stake in shares of Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG) by 180.1% in the third quarter, HoldingsChannel reports. The institutional investor owned 2,162,410 shares of the company’s stock after purchasing an additional 1,390,497 shares during the period. JPMorgan Chase & Co.’s holdings in Mitsubishi UFJ Financial Group were worth $34,469,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. AQR Capital Management LLC boosted its position in Mitsubishi UFJ Financial Group by 43.8% during the first quarter. AQR Capital Management LLC now owns 334,909 shares of the company’s stock valued at $4,565,000 after purchasing an additional 101,930 shares during the last quarter. Focus Partners Wealth raised its stake in shares of Mitsubishi UFJ Financial Group by 14.8% during the 1st quarter. Focus Partners Wealth now owns 15,959 shares of the company’s stock worth $218,000 after purchasing an additional 2,058 shares in the last quarter. Geneos Wealth Management Inc. raised its stake in shares of Mitsubishi UFJ Financial Group by 245.3% during the 1st quarter. Geneos Wealth Management Inc. now owns 4,790 shares of the company’s stock worth $65,000 after purchasing an additional 3,403 shares in the last quarter. Acadian Asset Management LLC lifted its holdings in shares of Mitsubishi UFJ Financial Group by 104.1% during the 1st quarter. Acadian Asset Management LLC now owns 41,909 shares of the company’s stock valued at $571,000 after buying an additional 21,379 shares during the last quarter. Finally, Sivia Capital Partners LLC grew its stake in shares of Mitsubishi UFJ Financial Group by 68.8% in the 2nd quarter. Sivia Capital Partners LLC now owns 35,190 shares of the company’s stock valued at $483,000 after buying an additional 14,347 shares in the last quarter. 13.59% of the stock is currently owned by hedge funds and other institutional investors.

Mitsubishi UFJ Financial Group Stock Performance

NYSE:MUFG opened at $18.62 on Friday. The firm has a market capitalization of $220.92 billion, a PE ratio of 16.33, a PEG ratio of 1.43 and a beta of 0.35. Mitsubishi UFJ Financial Group, Inc. has a 1 year low of $10.46 and a 1 year high of $20.15. The company has a current ratio of 0.85, a quick ratio of 0.89 and a debt-to-equity ratio of 1.30. The firm’s fifty day simple moving average is $17.90 and its 200 day simple moving average is $16.31.

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

Wall Street Analysts Forecast Growth

MUFG has been the topic of several recent research reports. Weiss Ratings raised shares of Mitsubishi UFJ Financial Group from a “hold (c)” rating to a “buy (b-)” rating in a research report on Thursday, February 5th. UBS Group upgraded shares of Mitsubishi UFJ Financial Group to a “strong-buy” rating in a report on Thursday, January 22nd. Finally, Zacks Research lowered Mitsubishi UFJ Financial Group from a “strong-buy” rating to a “hold” rating in a report on Monday, December 1st. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Buy”.

Mitsubishi UFJ Financial Group Profile

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.