212,500 Shares in Mitsubishi UFJ Financial Group Inc (MUFG) Purchased by Highbridge Capital Management LLC

Highbridge Capital Management LLC bought a new position in shares of Mitsubishi UFJ Financial Group Inc (NYSE:MUFG) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 212,500 shares of the company’s stock, valued at approximately $1,315,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Reliance Trust Co. of Delaware acquired a new stake in shares of Mitsubishi UFJ Financial Group during the third quarter worth about $103,000. Toronto Dominion Bank acquired a new position in Mitsubishi UFJ Financial Group in the third quarter valued at approximately $104,000. SG Americas Securities LLC acquired a new position in Mitsubishi UFJ Financial Group in the third quarter valued at approximately $143,000. Quadrant Capital Group LLC acquired a new position in Mitsubishi UFJ Financial Group in the third quarter valued at approximately $163,000. Finally, MML Investors Services LLC acquired a new position in Mitsubishi UFJ Financial Group in the third quarter valued at approximately $168,000. 1.07% of the stock is owned by hedge funds and other institutional investors.

A number of research analysts have issued reports on MUFG shares. Daiwa Capital Markets raised Mitsubishi UFJ Financial Group from a “neutral” rating to an “outperform” rating in a report on Monday, September 3rd. Citigroup started coverage on Mitsubishi UFJ Financial Group in a report on Tuesday, November 13th. They issued a “buy” rating for the company. Finally, Zacks Investment Research downgraded Mitsubishi UFJ Financial Group from a “hold” rating to a “sell” rating in a report on Friday, November 30th. Two investment analysts have rated the stock with a sell rating and three have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $7.50.

Shares of NYSE:MUFG opened at $5.22 on Friday. The company has a market capitalization of $69.53 billion, a price-to-earnings ratio of 7.07, a P/E/G ratio of 1.83 and a beta of 1.54. Mitsubishi UFJ Financial Group Inc has a 12-month low of $5.18 and a 12-month high of $8.11. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.85 and a quick ratio of 0.86.

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Mitsubishi UFJ Financial Group Profile

Mitsubishi UFJ Financial Group, Inc, a bank holding company, provides financial services in Japan and internationally. Its Retail Banking Business Group segment offers a range of products and services, such as bank deposits, loans, asset management and administration services, investment products, and settlement services.

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Institutional Ownership by Quarter for Mitsubishi UFJ Financial Group (NYSE:MUFG)

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