Brandes Investment Partners LP raised its position in Mitsubishi UFJ Financial Group Inc (NYSE:MTU) by 1.5% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 8,754,048 shares of the bank’s stock after buying an additional 130,176 shares during the period. Brandes Investment Partners LP owned approximately 0.77% of Mitsubishi UFJ Financial Group worth $59,090,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Miracle Mile Advisors LLC purchased a new position in Mitsubishi UFJ Financial Group during the first quarter worth $100,000. Proficio Capital Partners LLC boosted its position in Mitsubishi UFJ Financial Group by 50.4% in the first quarter. Proficio Capital Partners LLC now owns 16,204 shares of the bank’s stock worth $102,000 after buying an additional 5,429 shares during the last quarter. Paloma Partners Management Co purchased a new position in Mitsubishi UFJ Financial Group during the first quarter worth $103,000. Tiedemann Wealth Management LLC boosted its position in Mitsubishi UFJ Financial Group by 3.9% in the first quarter. Tiedemann Wealth Management LLC now owns 17,104 shares of the bank’s stock worth $108,000 after buying an additional 644 shares during the last quarter. Finally, Campbell & CO Investment Adviser LLC purchased a new position in Mitsubishi UFJ Financial Group during the second quarter worth $109,000. 1.08% of the stock is owned by hedge funds and other institutional investors.

Shares of Mitsubishi UFJ Financial Group Inc (MTU) traded up 0.411% during trading on Friday, hitting $6.105. 190,925 shares of the stock traded hands. Mitsubishi UFJ Financial Group Inc has a one year low of $4.83 and a one year high of $7.01. The firm has a 50 day moving average price of $6.28 and a 200-day moving average price of $6.42. The company has a market cap of $81.12 billion, a PE ratio of 30.074 and a beta of 1.59.

Mitsubishi UFJ Financial Group (NYSE:MTU) last posted its quarterly earnings results on Tuesday, August 1st. The bank reported $0.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.15 by $0.05. The company had revenue of $13.57 billion for the quarter. Mitsubishi UFJ Financial Group had a net margin of 16.99% and a return on equity of 6.59%. Analysts anticipate that Mitsubishi UFJ Financial Group Inc will post $0.55 earnings per share for the current fiscal year.

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A number of equities analysts have weighed in on the stock. BidaskClub cut shares of Mitsubishi UFJ Financial Group from a “hold” rating to a “sell” rating in a research report on Wednesday, July 12th. Zacks Investment Research raised shares of Mitsubishi UFJ Financial Group from a “hold” rating to a “buy” rating and set a $7.50 price objective for the company in a research report on Tuesday, July 4th. Finally, ValuEngine cut shares of Mitsubishi UFJ Financial Group from a “strong-buy” rating to a “buy” rating in a research report on Friday. One research analyst has rated the stock with a sell rating, two have given a hold rating and seven have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $7.50.

About Mitsubishi UFJ Financial Group

Mitsubishi UFJ Financial Group, Inc (MUFJ) is a bank holding company. The Company’s segments include Integrated Retail Banking Business Group, Integrated Corporate Banking Business Group, Integrated Trust Assets Business Group, Integrated Global Business Group and Krungsri. The Company’s services include commercial banking, trust banking, securities, credit cards, consumer finance, asset management, leasing and various fields of financial services.

Institutional Ownership by Quarter for Mitsubishi UFJ Financial Group (NYSE:MTU)

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