Oppenheimer Asset Management Inc. increased its holdings in shares of Mitsubishi UFJ Financial Group Inc (NYSE:MTU) by 36.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 359,956 shares of the bank’s stock after purchasing an additional 95,625 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Mitsubishi UFJ Financial Group were worth $2,318,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of MTU. Bank of Montreal Can lifted its stake in Mitsubishi UFJ Financial Group by 174.3% in the second quarter. Bank of Montreal Can now owns 274,254 shares of the bank’s stock valued at $1,851,000 after buying an additional 174,275 shares during the last quarter. Russell Investments Group Ltd. purchased a new stake in Mitsubishi UFJ Financial Group in the second quarter valued at approximately $277,000. TD Asset Management Inc. lifted its stake in Mitsubishi UFJ Financial Group by 7.5% in the second quarter. TD Asset Management Inc. now owns 965,675 shares of the bank’s stock valued at $6,518,000 after buying an additional 67,108 shares during the last quarter. Advisor Partners LLC lifted its stake in Mitsubishi UFJ Financial Group by 71.3% in the second quarter. Advisor Partners LLC now owns 29,954 shares of the bank’s stock valued at $202,000 after buying an additional 12,470 shares during the last quarter. Finally, Advisors Asset Management Inc. lifted its stake in Mitsubishi UFJ Financial Group by 59.7% in the second quarter. Advisors Asset Management Inc. now owns 233,670 shares of the bank’s stock valued at $1,577,000 after buying an additional 87,380 shares during the last quarter. Hedge funds and other institutional investors own 1.04% of the company’s stock.

Shares of Mitsubishi UFJ Financial Group Inc (NYSE:MTU) traded up $0.06 during midday trading on Tuesday, reaching $7.02. The company’s stock had a trading volume of 790,100 shares, compared to its average volume of 1,692,765. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.85 and a current ratio of 0.85. Mitsubishi UFJ Financial Group Inc has a one year low of $5.94 and a one year high of $7.15. The stock has a market capitalization of $93,467.85, a PE ratio of 9.53 and a beta of 1.65.

MTU has been the subject of a number of research reports. Zacks Investment Research upgraded Mitsubishi UFJ Financial Group from a “hold” rating to a “buy” rating and set a $6.75 price objective for the company in a research note on Wednesday, September 6th. ValuEngine upgraded Mitsubishi UFJ Financial Group from a “buy” rating to a “strong-buy” rating in a research note on Monday, October 16th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, two have given a buy rating and one has issued a strong buy rating to the company’s stock. Mitsubishi UFJ Financial Group currently has an average rating of “Buy” and a consensus price target of $7.00.

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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.

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

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