Brandes Investment Partners LP Has $350,000 Position in Mitsubishi UFJ Financial Group, Inc. $MUFG

Brandes Investment Partners LP lessened its position in Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG) by 97.7% in the fourth quarter, Holdings Channel.com reports. The firm owned 22,094 shares of the company’s stock after selling 929,526 shares during the quarter. Brandes Investment Partners LP’s holdings in Mitsubishi UFJ Financial Group were worth $350,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Laurel Wealth Advisors LLC bought a new stake in shares of Mitsubishi UFJ Financial Group in the 4th quarter valued at about $26,000. JPL Wealth Management LLC bought a new stake in shares of Mitsubishi UFJ Financial Group in the 3rd quarter valued at about $34,000. Redmont Wealth Advisors LLC bought a new stake in shares of Mitsubishi UFJ Financial Group in the 3rd quarter valued at about $35,000. Sound Income Strategies LLC grew its position in shares of 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 buying an additional 2,178 shares during the last quarter. Finally, Root Financial Partners LLC grew its position in shares of Mitsubishi UFJ Financial Group by 96.2% in the 4th quarter. Root Financial Partners LLC now owns 2,562 shares of the company’s stock valued at $41,000 after buying an additional 1,256 shares during the last quarter. Institutional investors and hedge funds own 13.59% of the company’s stock.

Analyst Ratings Changes

Separately, Weiss Ratings lowered Mitsubishi UFJ Financial Group from a “buy (b)” rating to a “buy (b-)” rating in a research report on Tuesday, May 26th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Buy”.

Mitsubishi UFJ Financial Group Stock Performance

Shares of NYSE:MUFG opened at $19.72 on Thursday. The business’s 50 day simple moving average is $18.47 and its two-hundred day simple moving average is $17.64. The firm has a market cap of $233.97 billion, a P/E ratio of 13.98, a PEG ratio of 0.81 and a beta of 0.40. Mitsubishi UFJ Financial Group, Inc. has a 52-week low of $13.19 and a 52-week high of $20.23.

Mitsubishi UFJ Financial Group (NYSE:MUFG) last announced its quarterly earnings results on Saturday, May 16th. The company reported $0.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.20 by $0.13. The business had revenue of $15.36 billion for 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%. On average, equities analysts forecast that Mitsubishi UFJ Financial Group, Inc. will post 1.41 earnings per share for the current fiscal 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.