TD Asset Management Inc Trims Stock Holdings in Mitsubishi UFJ Financial Group, Inc. $MUFG

TD Asset Management Inc lowered its holdings in shares of Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG) by 4.7% in the fourth quarter, Holdings Channel.com reports. The fund owned 511,322 shares of the company’s stock after selling 25,358 shares during the quarter. TD Asset Management Inc’s holdings in Mitsubishi UFJ Financial Group were worth $8,110,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of MUFG. Sivia Capital Partners LLC increased its stake in Mitsubishi UFJ Financial Group by 53.2% in the 4th quarter. Sivia Capital Partners LLC now owns 52,796 shares of the company’s stock worth $837,000 after buying an additional 18,340 shares during the period. CIBC Asset Management Inc bought a new position in Mitsubishi UFJ Financial Group in the 4th quarter worth about $1,194,000. Goldman Sachs Group Inc. increased its position in shares of Mitsubishi UFJ Financial Group by 0.8% during the fourth quarter. Goldman Sachs Group Inc. now owns 14,011,482 shares of the company’s stock worth $222,222,000 after acquiring an additional 104,327 shares during the period. Dynasty Wealth Management LLC increased its position in shares of Mitsubishi UFJ Financial Group by 14.9% during the fourth quarter. Dynasty Wealth Management LLC now owns 62,576 shares of the company’s stock worth $992,000 after acquiring an additional 8,131 shares during the period. Finally, Root Financial Partners LLC raised its stake in shares of Mitsubishi UFJ Financial Group by 96.2% during the fourth quarter. Root Financial Partners LLC now owns 2,562 shares of the company’s stock valued at $41,000 after acquiring an additional 1,256 shares in the last quarter. Hedge funds and other institutional investors own 13.59% of the company’s stock.

Analysts Set New Price Targets

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

Mitsubishi UFJ Financial Group Price Performance

Shares of Mitsubishi UFJ Financial Group stock opened at $19.82 on Wednesday. Mitsubishi UFJ Financial Group, Inc. has a 1 year low of $13.19 and a 1 year high of $20.23. The firm’s 50-day moving average is $18.40 and its two-hundred day moving average is $17.61. The stock has a market cap of $235.18 billion, a price-to-earnings ratio of 14.05, a PEG ratio of 0.81 and a beta of 0.40.

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

Mitsubishi UFJ Financial Group Company 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.