Henry James International Management Inc. Acquires 40,658 Shares of Mitsubishi UFJ Financial Group, Inc. $MUFG

Henry James International Management Inc. lifted its holdings in shares of Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG) by 13.7% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 337,370 shares of the company’s stock after purchasing an additional 40,658 shares during the period. Mitsubishi UFJ Financial Group comprises approximately 2.4% of Henry James International Management Inc.’s holdings, making the stock its 12th biggest holding. Henry James International Management Inc.’s holdings in Mitsubishi UFJ Financial Group were worth $7,783,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. B. Riley Wealth Advisors Inc. purchased a new stake in Mitsubishi UFJ Financial Group in the third quarter valued at approximately $205,000. GK Wealth Management LLC acquired a new position in shares of Mitsubishi UFJ Financial Group in the 3rd quarter valued at $50,000. Riversedge Advisors LLC boosted its holdings in shares of Mitsubishi UFJ Financial Group by 8.7% in the 3rd quarter. Riversedge Advisors LLC now owns 29,250 shares of the company’s stock valued at $675,000 after purchasing an additional 2,340 shares during the last quarter. Wedmont Private Capital grew its stake in shares of Mitsubishi UFJ Financial Group by 42.8% during the 3rd quarter. Wedmont Private Capital now owns 36,007 shares of the company’s stock valued at $809,000 after buying an additional 10,785 shares during the period. Finally, Athena Wealth Management LLC grew its stake in shares of Mitsubishi UFJ Financial Group by 4.7% during the 3rd quarter. Athena Wealth Management LLC now owns 18,163 shares of the company’s stock valued at $419,000 after buying an additional 823 shares during the period. 13.59% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on MUFG shares. Zacks Research raised Mitsubishi UFJ Financial Group from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 5th. Mitsubishi UFJ Financial Group initiated coverage on shares of Mitsubishi UFJ Financial Group in a report on Thursday, June 25th. They issued a “buy” rating on the stock. Weiss Ratings raised shares of Mitsubishi UFJ Financial Group from a “hold (c)” rating to a “buy (b-)” rating in a research report on Friday, September 25th. Finally, Erste Group Bank began coverage on shares of Mitsubishi UFJ Financial Group in a research note on Thursday, June 25th. They issued a “buy” rating on the stock. Two research analysts have rated the stock with a Strong Buy rating and three have given a Buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Buy”.

Mitsubishi UFJ Financial Group Stock Performance

Shares of Mitsubishi UFJ Financial Group stock traded down $0.49 during trading hours on Wednesday, reaching $21.91. The company’s stock had a trading volume of 1,373,127 shares, compared to its average volume of 3,315,919. Mitsubishi UFJ Financial Group, Inc. has a one year low of $14.72 and a one year high of $24.26. The company’s 50 day simple moving average is $22.90 and its 200 day simple moving average is $20.77. The company has a debt-to-equity ratio of 1.10, a quick ratio of 0.85 and a current ratio of 0.85. The stock has a market cap of $259.96 billion, a P/E ratio of 14.32, a price-to-earnings-growth ratio of 0.83 and a beta of 0.44.

Mitsubishi UFJ Financial Group (NYSE:MUFG) last announced its quarterly earnings results on Tuesday, August 4th. The company reported $0.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.35 by $0.10. Mitsubishi UFJ Financial Group had a net margin of 17.63% and a return on equity of 12.30%. The company had revenue of $15.11 billion during the quarter, compared to the consensus estimate of $10.06 billion. As a group, analysts expect that Mitsubishi UFJ Financial Group, Inc. will post 1.60 EPS for the current fiscal year.

Mitsubishi UFJ Financial Group Company Profile

Mitsubishi UFJ Financial Group, Inc (NYSE: MUFG) is a Japan-based financial services group and one of the country’s largest banking organizations. Through its subsidiaries and affiliated companies, MUFG provides commercial and retail banking, corporate and investment banking, trust banking, securities services, asset management, leasing, credit cards and consumer finance.

The group serves individual customers, businesses, financial institutions and governments. Its offerings include deposits and loans, payments, wealth management, capital-markets services, foreign exchange, corporate finance and advisory services.