Madison Asset Management LLC Acquires New Position in Mitsubishi UFJ Financial Group, Inc. $MUFG

Madison Asset Management LLC bought a new position in shares of Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG) during the second quarter, according to the company in its most recent disclosure with the SEC. The firm bought 158,993 shares of the company’s stock, valued at approximately $3,162,000.

Other institutional investors have also made changes to their positions in the company. Fisher Asset Management LLC boosted its holdings in Mitsubishi UFJ Financial Group by 2.0% in the fourth quarter. Fisher Asset Management LLC now owns 93,276,119 shares of the company’s stock worth $1,479,359,000 after purchasing an additional 1,789,620 shares during the period. Goldman Sachs Group Inc. lifted its position in shares of Mitsubishi UFJ Financial Group by 0.8% in the 4th quarter. Goldman Sachs Group Inc. now owns 14,011,482 shares of the company’s stock worth $222,222,000 after buying an additional 104,327 shares during the last quarter. Northern Trust Corp boosted its holdings in shares of Mitsubishi UFJ Financial Group by 1.9% in the 3rd quarter. Northern Trust Corp now owns 11,397,833 shares of the company’s stock valued at $181,681,000 after buying an additional 211,265 shares during the period. Clearbridge Investments LLC boosted its holdings 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 buying an additional 1,121,241 shares during the period. Finally, Royal Bank of Canada grew its position in shares of Mitsubishi UFJ Financial Group by 5.7% during the 1st quarter. Royal Bank of Canada now owns 6,315,948 shares of the company’s stock valued at $107,182,000 after buying an additional 338,881 shares during the last quarter. 13.59% of the stock is currently owned by institutional investors.

Mitsubishi UFJ Financial Group Stock Up 0.2%

Mitsubishi UFJ Financial Group stock opened at $21.60 on Friday. The company has a debt-to-equity ratio of 1.10, a quick ratio of 0.85 and a current ratio of 0.85. Mitsubishi UFJ Financial Group, Inc. has a one year low of $14.62 and a one year high of $23.25. The company has a 50-day simple moving average of $21.62 and a 200-day simple moving average of $19.44. The firm has a market capitalization of $256.34 billion, a P/E ratio of 14.12, a P/E/G ratio of 0.97 and a beta of 0.39.

Mitsubishi UFJ Financial Group (NYSE:MUFG) last posted its earnings results on Tuesday, August 4th. The company reported $0.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.35 by $0.10. The firm had revenue of $15.11 billion during the quarter, compared to analyst estimates of $10.06 billion. Mitsubishi UFJ Financial Group had a net margin of 17.63% and a return on equity of 12.30%. As a group, equities analysts expect that Mitsubishi UFJ Financial Group, Inc. will post 1.57 earnings per share for the current year.

Wall Street Analyst Weigh In

MUFG has been the topic of several research reports. Erste Group Bank initiated coverage on shares of Mitsubishi UFJ Financial Group in a research note on Thursday, June 25th. They set a “buy” rating on the stock. Mitsubishi UFJ Financial Group started coverage on Mitsubishi UFJ Financial Group in a research note on Thursday, June 25th. They issued a “buy” rating for the company. Finally, Weiss Ratings lowered Mitsubishi UFJ Financial Group from a “buy (b)” rating to a “hold (c)” rating in a report on Tuesday, July 14th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy”.

Mitsubishi UFJ Financial Group Company 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.