Mitsubishi UFJ Financial Group, Inc. $MUFG Shares Acquired by Brandes Investment Partners LP

Brandes Investment Partners LP grew its stake in Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG) by 4.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 907,346 shares of the company’s stock after buying an additional 41,860 shares during the period. Brandes Investment Partners LP’s holdings in Mitsubishi UFJ Financial Group were worth $12,449,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the stock. Fisher Asset Management LLC raised its stake in Mitsubishi UFJ Financial Group by 17.4% in the 2nd quarter. Fisher Asset Management LLC now owns 89,513,174 shares of the company’s stock worth $1,228,121,000 after acquiring an additional 13,275,383 shares during the last quarter. National Bank of Canada FI acquired a new stake in shares of Mitsubishi UFJ Financial Group during the first quarter worth about $12,534,000. Northern Trust Corp lifted its holdings in shares of Mitsubishi UFJ Financial Group by 8.4% during the first quarter. Northern Trust Corp now owns 11,407,268 shares of the company’s stock worth $155,481,000 after purchasing an additional 885,189 shares during the period. 1832 Asset Management L.P. boosted its position in Mitsubishi UFJ Financial Group by 3,965.4% in the first quarter. 1832 Asset Management L.P. now owns 713,069 shares of the company’s stock valued at $9,719,000 after buying an additional 695,529 shares during the last quarter. Finally, Federation des caisses Desjardins du Quebec increased its holdings in Mitsubishi UFJ Financial Group by 30,337.9% in the 1st quarter. Federation des caisses Desjardins du Quebec now owns 675,722 shares of the company’s stock worth $9,210,000 after buying an additional 673,502 shares during the period. 13.59% of the stock is owned by hedge funds and other institutional investors.

Mitsubishi UFJ Financial Group Stock Performance

NYSE MUFG opened at $15.98 on Wednesday. The stock has a market capitalization of $192.78 billion, a price-to-earnings ratio of 14.79, a PEG ratio of 1.09 and a beta of 0.37. The stock has a 50-day moving average of $15.34 and a 200 day moving average of $14.71. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 1.86. Mitsubishi UFJ Financial Group, Inc. has a twelve month low of $10.46 and a twelve month high of $16.39.

Mitsubishi UFJ Financial Group (NYSE:MUFG) last issued its quarterly earnings data on Friday, November 14th. The company reported $0.44 EPS for the quarter, beating the consensus estimate of $0.34 by $0.10. The company had revenue of $23.61 billion for the quarter, compared to analyst estimates of $9.19 billion. Mitsubishi UFJ Financial Group had a return on equity of 9.35% and a net margin of 13.95%. Sell-side analysts anticipate that Mitsubishi UFJ Financial Group, Inc. will post 0.99 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts have commented on MUFG shares. Zacks Research upgraded shares of Mitsubishi UFJ Financial Group from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, August 26th. Wall Street Zen raised shares of Mitsubishi UFJ Financial Group from a “sell” rating to a “hold” rating in a report on Saturday, August 9th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Mitsubishi UFJ Financial Group in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Buy”.

Mitsubishi UFJ Financial Group Profile

Mitsubishi UFJ Financial Group, Inc operates as the bank holding company, that engages in a range of financial businesses in Japan, the United States, Europe, Asia/Oceania, and internationally. It operates through seven segments: Digital Service, Retail & Commercial Banking, Japanese Corporate & Investment Banking, Global Commercial Banking, Asset Management & Investor Services, Global Corporate & Investment Banking, and Global Markets.