Mitsubishi UFJ Financial Group, Inc. $MUFG Stake Trimmed by Crossmark Global Holdings Inc.

Crossmark Global Holdings Inc. lowered its holdings in Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG) by 8.0% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 786,632 shares of the company’s stock after selling 68,855 shares during the period. Crossmark Global Holdings Inc.’s holdings in Mitsubishi UFJ Financial Group were worth $18,171,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of MUFG. 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 worth $107,182,000 after purchasing an additional 338,881 shares in the last quarter. Quantinno Capital Management LP increased its holdings in shares of Mitsubishi UFJ Financial Group by 21.4% during the first quarter. Quantinno Capital Management LP now owns 2,399,601 shares of the company’s stock worth $40,721,000 after purchasing an additional 423,058 shares during the period. TD Waterhouse Canada Inc. increased its holdings in shares of Mitsubishi UFJ Financial Group by 18.3% during the third quarter. TD Waterhouse Canada Inc. now owns 1,097,840 shares of the company’s stock worth $24,827,000 after purchasing an additional 169,723 shares during the period. Bank of New York Mellon Corp raised its position in shares of Mitsubishi UFJ Financial Group by 6.3% in the first quarter. Bank of New York Mellon Corp now owns 1,363,726 shares of the company’s stock valued at $23,142,000 after buying an additional 80,484 shares in the last quarter. Finally, QRG Capital Management Inc. raised its position in shares of Mitsubishi UFJ Financial Group by 28.6% in the second quarter. QRG Capital Management Inc. now owns 817,288 shares of the company’s stock valued at $16,256,000 after buying an additional 181,696 shares in the last quarter. Institutional investors own 13.59% of the company’s stock.

Key Stories Impacting Mitsubishi UFJ Financial Group

Here are the key news stories impacting Mitsubishi UFJ Financial Group this week:

• Positive Sentiment: Strategic expansion in Vietnam: MUFG’s Bank of Ayudhya completed its phased acquisition of the remaining 50% of Vietnam’s SFinance, making the consumer-finance company wholly owned. The move could strengthen MUFG’s Southeast Asian growth platform and earnings diversification. MUFG’s Bank of Ayudhya makes Vietnam’s SFinance a wholly owned subsidiary
• Positive Sentiment: Higher-return businesses offer growth potential: An analysis highlighted MUFG’s higher-return segments as important drivers for achieving its medium-term financial targets, supporting the investment case if those businesses continue to expand. Mitsubishi UFJ: Higher-Return Segments To Drive Group Financial Targets
• Positive Sentiment: Analyst price target: Yahoo Finance lists a $22.27 target for MUFG, implying additional upside from recent trading levels and providing some support for the stock. Yahoo Finance lists a USD 22.27 target for MUFG stock
• Neutral Sentiment: Next earnings catalyst: MUFG scheduled its next results release for November 13. Investors will look for confirmation that recent earnings momentum and returns can be sustained. November 13 results date set by Mitsubishi UFJ
• Neutral Sentiment: MUFG and Yamakasa are reportedly set to operate fully owned securities firms in China, potentially broadening the group’s regional securities presence, though financial benefits are not yet clear. Mitsubishi UFJ and Yamakasa to Operate Fully-Owned Securities Firms in China
• Negative Sentiment: Valuation risk: Despite strong operating performance, one analysis argued that MUFG’s valuation looks overly optimistic. That could limit near-term upside unless future earnings growth meets elevated expectations. Mitsubishi UFJ Financial Group: Strong Performance, But Valuation Looks Too Optimistic

Mitsubishi UFJ Financial Group Stock Performance

NYSE MUFG opened at $21.78 on Thursday. The firm’s fifty day moving average price is $22.83 and its two-hundred day moving average price is $20.98. The stock has a market cap of $258.53 billion, a PE ratio of 13.50, a PEG ratio of 0.79 and a beta of 0.44. 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 fifty-two week low of $14.72 and a fifty-two week high of $24.26.

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

Analysts Set New Price Targets

Several brokerages recently issued reports on MUFG. Erste Group Bank assumed coverage on Mitsubishi UFJ Financial Group in a research note on Thursday, June 25th. They issued a “buy” rating for the company. Zacks Research upgraded shares of Mitsubishi UFJ Financial Group from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 5th. Mitsubishi UFJ Financial Group started coverage on Mitsubishi UFJ Financial Group in a research report on Thursday, June 25th. They set a “buy” rating for the company. Finally, Weiss Ratings raised shares of Mitsubishi UFJ Financial Group from a “hold (c)” rating to a “buy (b-)” rating in a report on Friday, September 25th. Two research analysts have rated the stock with a Strong Buy rating and three have given a Buy rating to the company’s stock. According to MarketBeat, Mitsubishi UFJ Financial Group presently has an average rating of “Buy”.

Mitsubishi UFJ Financial Group Company Profile

Mitsubishi UFJ Financial Group, Inc (NYSE: MUFG) is a Japanese financial services holding company headquartered in Tokyo. Established in 2005 through the merger of Mitsubishi Tokyo Financial Group and UFJ Holdings, the group is one of Japan’s largest banking organizations and serves corporate, institutional, government and individual customers.

Through its principal subsidiaries, including MUFG Bank, Mitsubishi UFJ Trust and Banking Corporation and Mitsubishi UFJ Securities Holdings, the company provides commercial and investment banking, trust banking, securities underwriting and brokerage, asset management, credit cards, consumer finance and leasing services.