JPMorgan Chase & Co. Purchases 1,390,497 Shares of Mitsubishi UFJ Financial Group, Inc. $MUFG

JPMorgan Chase & Co. grew its position in shares of Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG) by 180.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,162,410 shares of the company’s stock after buying an additional 1,390,497 shares during the period. JPMorgan Chase & Co.’s holdings in Mitsubishi UFJ Financial Group were worth $34,469,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Huntington National Bank raised its stake in Mitsubishi UFJ Financial Group by 4.9% in the 3rd quarter. Huntington National Bank now owns 14,086 shares of the company’s stock valued at $225,000 after acquiring an additional 659 shares during the period. Seven Mile Advisory increased its stake in shares of Mitsubishi UFJ Financial Group by 4.7% in the second quarter. Seven Mile Advisory now owns 15,543 shares of the company’s stock worth $213,000 after purchasing an additional 702 shares in the last quarter. Xponance Inc. raised its position in shares of Mitsubishi UFJ Financial Group by 5.4% in the third quarter. Xponance Inc. now owns 13,991 shares of the company’s stock valued at $223,000 after purchasing an additional 723 shares during the period. Horizon Investments LLC lifted its stake in shares of Mitsubishi UFJ Financial Group by 25.8% during the 3rd quarter. Horizon Investments LLC now owns 3,575 shares of the company’s stock valued at $57,000 after buying an additional 734 shares in the last quarter. Finally, EWA LLC lifted its stake in shares of Mitsubishi UFJ Financial Group by 1.1% during the 3rd quarter. EWA LLC now owns 66,054 shares of the company’s stock valued at $1,053,000 after buying an additional 740 shares in the last quarter. Institutional investors own 13.59% of the company’s stock.

Wall Street Analyst Weigh In

MUFG has been the subject of a number of recent research reports. 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 Mitsubishi UFJ Financial Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 1st. Finally, Weiss Ratings raised Mitsubishi UFJ Financial Group from a “hold (c)” rating to a “buy (b-)” rating in a report on Thursday, February 5th. One 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 stock. According to MarketBeat, the company has a consensus rating of “Buy”.

Mitsubishi UFJ Financial Group Price Performance

Shares of NYSE:MUFG opened at $16.45 on Monday. The company has a 50 day moving average of $18.17 and a 200 day moving average of $16.50. 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 stock has a market cap of $195.21 billion, a P/E ratio of 14.43, a P/E/G ratio of 0.87 and a beta of 0.33. Mitsubishi UFJ Financial Group, Inc. has a 12 month low of $10.46 and a 12 month high of $20.15.

Mitsubishi UFJ Financial Group (NYSE:MUFG) last posted its earnings results on Wednesday, February 4th. The company reported $0.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.30 by $0.02. Mitsubishi UFJ Financial Group had a net margin of 13.87% and a return on equity of 9.58%. As a group, sell-side analysts forecast that Mitsubishi UFJ Financial Group, Inc. will post 0.99 EPS 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.