Quantinno Capital Management LP Raises Holdings in Mitsubishi UFJ Financial Group, Inc. $MUFG

Quantinno Capital Management LP grew its stake in shares of Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG) by 21.4% during the 1st quarter, HoldingsChannel.com reports. The fund owned 2,399,601 shares of the company’s stock after purchasing an additional 423,058 shares during the quarter. Quantinno Capital Management LP’s holdings in Mitsubishi UFJ Financial Group were worth $40,721,000 as of its most recent SEC filing.

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

Analyst Ratings Changes

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

Mitsubishi UFJ Financial Group Price Performance

Shares of NYSE:MUFG opened at $22.48 on Friday. Mitsubishi UFJ Financial Group, Inc. has a twelve month low of $13.62 and a twelve month high of $23.25. 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 company has a market cap of $266.73 billion, a PE ratio of 15.94, a price-to-earnings-growth ratio of 1.06 and a beta of 0.39. The company’s 50 day moving average is $20.73 and its 200 day moving average is $18.99.

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.