Mitsubishi UFJ Financial Group, Inc. $MUFG Shares Purchased by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC boosted its holdings in shares of Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG) by 24.2% during the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 122,193 shares of the company’s stock after purchasing an additional 23,813 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Mitsubishi UFJ Financial Group were worth $2,123,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of the business. Fisher Asset Management LLC grew its holdings 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. raised its stake in Mitsubishi UFJ Financial Group by 0.8% during the 4th quarter. Goldman Sachs Group Inc. now owns 14,011,482 shares of the company’s stock valued at $222,222,000 after acquiring an additional 104,327 shares during the last quarter. Northern Trust Corp lifted its position in Mitsubishi UFJ Financial Group by 1.9% during the 3rd quarter. Northern Trust Corp now owns 11,397,833 shares of the company’s stock worth $181,681,000 after acquiring an additional 211,265 shares during the period. Clearbridge Investments LLC grew its stake in shares of Mitsubishi UFJ Financial Group by 20.0% in the 4th 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. Finally, FIL Ltd increased its holdings in shares of Mitsubishi UFJ Financial Group by 11.6% in the fourth quarter. FIL Ltd now owns 5,026,845 shares of the company’s stock valued at $79,726,000 after purchasing an additional 521,832 shares during the period. 13.59% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have recently commented on MUFG. Erste Group Bank began coverage on Mitsubishi UFJ Financial Group in a research note on Thursday, June 25th. They set a “buy” rating for the company. Weiss Ratings cut shares of Mitsubishi UFJ Financial Group from a “buy (b)” rating to a “hold (c)” rating in a research note on Tuesday, July 14th. Finally, Mitsubishi UFJ Financial Group assumed coverage on shares of Mitsubishi UFJ Financial Group in a research report on Thursday, June 25th. They set a “buy” rating for the company. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Mitsubishi UFJ Financial Group has an average rating of “Moderate Buy”.

Mitsubishi UFJ Financial Group Stock Up 1.3%

MUFG stock opened at $22.91 on Friday. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 1.75. The company’s 50-day moving average price is $20.48 and its 200 day moving average price is $18.81. Mitsubishi UFJ Financial Group, Inc. has a 52 week low of $13.62 and a 52 week high of $23.08. The company has a market cap of $271.95 billion, a P/E ratio of 16.25, a P/E/G ratio of 1.10 and a beta of 0.39.

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.