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

TD Asset Management Inc reduced its stake in Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG) by 4.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 511,322 shares of the company’s stock after selling 25,358 shares during the period. TD Asset Management Inc’s holdings in Mitsubishi UFJ Financial Group were worth $8,110,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Fisher Asset Management LLC increased its holdings in shares of Mitsubishi UFJ Financial Group by 2.0% in the fourth quarter. Fisher Asset Management LLC now owns 93,276,119 shares of the company’s stock worth $1,479,359,000 after purchasing an additional 1,789,620 shares during the last quarter. Goldman Sachs Group Inc. raised its holdings in shares of Mitsubishi UFJ Financial Group by 0.8% during the 4th 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 in the last quarter. Natixis Advisors LLC boosted its position in shares of Mitsubishi UFJ Financial Group by 14.9% during the 3rd quarter. Natixis Advisors LLC now owns 13,240,940 shares of the company’s stock valued at $211,061,000 after acquiring an additional 1,718,759 shares during the last quarter. Northern Trust Corp boosted its position in shares of Mitsubishi UFJ Financial Group by 1.9% during the 3rd quarter. Northern Trust Corp now owns 11,397,833 shares of the company’s stock valued at $181,681,000 after acquiring an additional 211,265 shares during the last quarter. Finally, Chevy Chase Trust Holdings LLC grew its holdings in shares of Mitsubishi UFJ Financial Group by 1.0% in the third quarter. Chevy Chase Trust Holdings LLC now owns 6,222,247 shares of the company’s stock valued at $99,183,000 after purchasing an additional 59,242 shares in the last quarter. Hedge funds and other institutional investors own 13.59% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Weiss Ratings downgraded shares of Mitsubishi UFJ Financial Group from a “buy (b)” rating to a “buy (b-)” rating in a research note on Tuesday, May 26th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Buy”.

Mitsubishi UFJ Financial Group Price Performance

Shares of NYSE MUFG opened at $19.82 on Wednesday. The business’s 50 day moving average is $18.40 and its two-hundred day moving average is $17.61. Mitsubishi UFJ Financial Group, Inc. has a 1-year low of $13.19 and a 1-year high of $20.23. The stock has a market capitalization of $235.18 billion, a P/E 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 data on Saturday, May 16th. The company reported $0.33 earnings per share (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 return on equity of 11.07% and a net margin of 16.65%. As a group, equities research analysts anticipate that Mitsubishi UFJ Financial Group, Inc. will post 1.41 earnings per share for the current fiscal 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.