Fisher Asset Management LLC Increases Stock Holdings in Mitsubishi UFJ Financial Group, Inc. $MUFG

Fisher Asset Management LLC boosted its position in Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG) by 2.0% in the 4th quarter, Holdings Channel reports. The firm owned 93,276,119 shares of the company’s stock after acquiring an additional 1,789,620 shares during the quarter. Fisher Asset Management LLC’s holdings in Mitsubishi UFJ Financial Group were worth $1,479,359,000 at the end of the most recent reporting period.

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

Analysts Set New Price Targets

Separately, Weiss Ratings upgraded shares of Mitsubishi UFJ Financial Group from a “hold (c)” rating to a “buy (b-)” rating in a research report on Thursday, February 5th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, Mitsubishi UFJ Financial Group has a consensus rating of “Buy”.

Mitsubishi UFJ Financial Group Stock Up 0.0%

Shares of MUFG opened at $19.40 on Monday. Mitsubishi UFJ Financial Group, Inc. has a 52-week low of $13.19 and a 52-week high of $20.15. The company has a market capitalization of $230.28 billion, a PE ratio of 13.76, a price-to-earnings-growth ratio of 0.79 and a beta of 0.40. The stock has a fifty day simple moving average of $17.74 and a two-hundred day simple moving average of $17.26.

Mitsubishi UFJ Financial Group (NYSE:MUFG) last issued its earnings results on Thursday, May 21st. The company reported $0.33 earnings per share (EPS) for the quarter, topping 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 the consensus estimate of $9.34 billion. As a group, equities analysts anticipate that Mitsubishi UFJ Financial Group, Inc. will post 1.42 earnings per share for the current fiscal year.

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.