NINE MASTS CAPITAL Ltd bought a new position in Mitsubishi UFJ Financial Group Inc (NYSE:MUFG) during the third quarter, according to its most recent disclosure with the SEC. The institutional investor bought 1,403,459 shares of the company’s stock, valued at approximately $8,762,000. Mitsubishi UFJ Financial Group accounts for about 2.2% of NINE MASTS CAPITAL Ltd’s holdings, making the stock its 10th biggest holding.

Several other large investors have also added to or reduced their stakes in the company. BB&T Corp bought a new position in shares of Mitsubishi UFJ Financial Group in the third quarter valued at $1,792,000. Aperio Group LLC bought a new position in shares of Mitsubishi UFJ Financial Group in the third quarter valued at $29,483,000. Whittier Trust Co. of Nevada Inc. bought a new position in shares of Mitsubishi UFJ Financial Group in the third quarter valued at $291,000. Fisher Asset Management LLC lifted its stake in shares of Mitsubishi UFJ Financial Group by 3.5% in the third quarter. Fisher Asset Management LLC now owns 1,038,583 shares of the company’s stock valued at $6,429,000 after buying an additional 35,491 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA bought a new position in shares of Mitsubishi UFJ Financial Group in the third quarter valued at $3,554,000. 1.07% of the stock is currently owned by hedge funds and other institutional investors.

Shares of MUFG traded down $0.01 during trading hours on Thursday, reaching $5.24. 21,913 shares of the stock traded hands, compared to its average volume of 1,484,293. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.85 and a quick ratio of 0.86. Mitsubishi UFJ Financial Group Inc has a 52 week low of $5.21 and a 52 week high of $8.11. The firm has a market capitalization of $68.75 billion, a P/E ratio of 7.35, a PEG ratio of 1.81 and a beta of 1.54.

MUFG has been the topic of a number of recent research reports. Zacks Investment Research lowered shares of Mitsubishi UFJ Financial Group from a “hold” rating to a “sell” rating in a research note on Tuesday, November 20th. Citigroup began coverage on shares of Mitsubishi UFJ Financial Group in a research note on Tuesday, November 13th. They issued a “buy” rating on the stock. Finally, Daiwa Capital Markets raised shares of Mitsubishi UFJ Financial Group from a “neutral” rating to an “outperform” rating in a research report on Monday, September 3rd. Two research analysts have rated the stock with a sell rating and three have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $7.50.

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Mitsubishi UFJ Financial Group Profile

Mitsubishi UFJ Financial Group, Inc, a bank holding company, provides financial services in Japan and internationally. Its Retail Banking Business Group segment offers a range of products and services, such as bank deposits, loans, asset management and administration services, investment products, and settlement services.

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

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