Mitsubishi UFJ Financial Group, Inc. $MUFG Shares Bought by Royal Bank of Canada

Royal Bank of Canada raised its holdings in shares of Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG) by 5.7% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,315,948 shares of the company’s stock after buying an additional 338,881 shares during the quarter. Royal Bank of Canada’s holdings in Mitsubishi UFJ Financial Group were worth $107,182,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the business. Laurel Wealth Advisors LLC purchased a new position in shares of Mitsubishi UFJ Financial Group in the fourth quarter worth about $26,000. Whipplewood Advisors LLC acquired a new position in Mitsubishi UFJ Financial Group during the first quarter worth about $29,000. Signature Equity Partners LLC grew its stake in Mitsubishi UFJ Financial Group by 73.0% during the 1st quarter. Signature Equity Partners LLC now owns 1,697 shares of the company’s stock valued at $29,000 after acquiring an additional 716 shares in the last quarter. JPL Wealth Management LLC purchased a new stake in Mitsubishi UFJ Financial Group during the 3rd quarter valued at about $34,000. Finally, Sound Income Strategies LLC raised its holdings in Mitsubishi UFJ Financial Group by 716.4% in the 4th quarter. Sound Income Strategies LLC now owns 2,482 shares of the company’s stock valued at $39,000 after acquiring an additional 2,178 shares during the last quarter. 13.59% of the stock is currently owned by institutional investors and hedge funds.

Mitsubishi UFJ Financial Group Trading Down 0.4%

Shares of MUFG stock opened at $22.41 on Friday. The company’s 50-day moving average price is $20.79 and its 200-day moving average price is $19.01. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 1.75. The stock has a market cap of $265.99 billion, a price-to-earnings ratio of 15.90, a PEG ratio of 1.08 and a beta of 0.39. Mitsubishi UFJ Financial Group, Inc. has a twelve month low of $13.62 and a twelve month high of $23.25.

Analysts Set New Price Targets

A number of research analysts have weighed in on MUFG shares. Erste Group Bank began coverage on shares of Mitsubishi UFJ Financial Group in a research note on Thursday, June 25th. They issued a “buy” rating on the stock. Mitsubishi UFJ Financial Group started coverage on Mitsubishi UFJ Financial Group in a research report on Thursday, June 25th. They issued a “buy” rating for the company. Finally, Weiss Ratings cut Mitsubishi UFJ Financial Group from a “buy (b)” rating to a “hold (c)” rating in a report on Tuesday, July 14th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Mitsubishi UFJ Financial Group has an average rating of “Moderate Buy”.

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.