O Shaughnessy Asset Management LLC Boosts Stake in Mitsubishi UFJ Financial Group, Inc. $MUFG

O Shaughnessy Asset Management LLC raised its holdings in shares of Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG) by 8.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 996,963 shares of the company’s stock after buying an additional 80,013 shares during the quarter. O Shaughnessy Asset Management LLC’s holdings in Mitsubishi UFJ Financial Group were worth $15,812,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Independent Solutions Wealth Management LLC boosted its holdings in shares of Mitsubishi UFJ Financial Group by 4.8% in the 4th quarter. Independent Solutions Wealth Management LLC now owns 12,692 shares of the company’s stock worth $201,000 after purchasing an additional 581 shares in the last quarter. Alta Capital Management LLC boosted its holdings in shares of Mitsubishi UFJ Financial Group by 5.7% in the 4th quarter. Alta Capital Management LLC now owns 12,067 shares of the company’s stock worth $191,000 after purchasing an additional 647 shares in the last quarter. Huntington National Bank boosted its holdings in shares of Mitsubishi UFJ Financial Group by 4.9% in the 3rd quarter. Huntington National Bank now owns 14,086 shares of the company’s stock worth $225,000 after purchasing an additional 659 shares in the last quarter. U.S. Capital Wealth Advisors LLC boosted its holdings in shares of Mitsubishi UFJ Financial Group by 5.2% in the 4th quarter. U.S. Capital Wealth Advisors LLC now owns 13,930 shares of the company’s stock worth $221,000 after purchasing an additional 691 shares in the last quarter. Finally, Xponance Inc. boosted its holdings in shares of Mitsubishi UFJ Financial Group by 5.4% in the 3rd quarter. Xponance Inc. now owns 13,991 shares of the company’s stock worth $223,000 after purchasing an additional 723 shares in the last quarter. 13.59% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, Weiss Ratings cut Mitsubishi UFJ Financial Group from a “buy (b)” rating to a “buy (b-)” rating in a report on Tuesday, May 26th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Buy”.

Mitsubishi UFJ Financial Group Price Performance

Shares of MUFG stock opened at $19.82 on Wednesday. The stock has a market capitalization of $235.18 billion, a PE ratio of 14.05, a P/E/G ratio of 0.81 and a beta of 0.40. Mitsubishi UFJ Financial Group, Inc. has a 1-year low of $13.19 and a 1-year high of $20.23. The business has a 50-day moving average of $18.40 and a 200 day moving average of $17.61.

Mitsubishi UFJ Financial Group (NYSE:MUFG) last issued its earnings results on Saturday, May 16th. The company reported $0.33 earnings per share for the quarter, beating the consensus estimate of $0.20 by $0.13. The company had revenue of $15.36 billion during the quarter, compared to analysts’ expectations of $9.34 billion. Mitsubishi UFJ Financial Group had a return on equity of 11.07% and a net margin of 16.65%. Analysts anticipate that Mitsubishi UFJ Financial Group, Inc. will post 1.41 EPS for the current year.

Mitsubishi UFJ Financial Group Profile

Mitsubishi UFJ Financial Group, Inc (MUFG) is a Tokyo-based financial services holding company and one of Japan’s largest banking groups and among the world’s leading financial institutions. The group was formed through the integration of Mitsubishi Tokyo Financial Group and UFJ Holdings and operates a comprehensive suite of banking and financial services for retail, corporate, and institutional clients. MUFG’s core banking operations are conducted through its commercial banking arm and a network of domestic and international subsidiaries and affiliates.

MUFG offers a broad range of products and services including commercial and retail banking, corporate and investment banking, global transaction banking, trust banking, asset management, securities and brokerage services, credit cards, consumer finance, leasing and custody services.