Keybank National Association OH Grows Stock Holdings in Mitsubishi UFJ Financial Group, Inc. $MUFG

Keybank National Association OH lifted its position in Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG) by 176.2% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 119,395 shares of the company’s stock after purchasing an additional 76,164 shares during the quarter. Keybank National Association OH’s holdings in Mitsubishi UFJ Financial Group were worth $2,026,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of the company. AQR Capital Management LLC lifted its position in Mitsubishi UFJ Financial Group by 43.8% in the 1st quarter. AQR Capital Management LLC now owns 334,909 shares of the company’s stock worth $4,565,000 after buying an additional 101,930 shares during the last quarter. Focus Partners Wealth raised its stake in shares of Mitsubishi UFJ Financial Group by 14.8% during the first quarter. Focus Partners Wealth now owns 15,959 shares of the company’s stock worth $218,000 after acquiring an additional 2,058 shares in the last quarter. Geneos Wealth Management Inc. raised its stake in shares of Mitsubishi UFJ Financial Group by 245.3% during the first quarter. Geneos Wealth Management Inc. now owns 4,790 shares of the company’s stock worth $65,000 after acquiring an additional 3,403 shares in the last quarter. Acadian Asset Management LLC lifted its holdings in shares of Mitsubishi UFJ Financial Group by 104.1% in the 1st quarter. Acadian Asset Management LLC now owns 41,909 shares of the company’s stock worth $571,000 after acquiring an additional 21,379 shares during the last quarter. Finally, Sivia Capital Partners LLC lifted its holdings in shares of Mitsubishi UFJ Financial Group by 68.8% in the 2nd quarter. Sivia Capital Partners LLC now owns 35,190 shares of the company’s stock worth $483,000 after acquiring an additional 14,347 shares during the last quarter. 13.59% of the stock is currently owned by institutional investors.

Mitsubishi UFJ Financial Group Stock Performance

Shares of Mitsubishi UFJ Financial Group stock opened at $20.65 on Monday. Mitsubishi UFJ Financial Group, Inc. has a 52-week low of $13.19 and a 52-week high of $21.17. The stock has a market capitalization of $245.07 billion, a price-to-earnings ratio of 14.65, a P/E/G ratio of 0.83 and a beta of 0.39. The company’s 50 day moving average price is $19.30 and its 200-day moving average price is $18.19.

Mitsubishi UFJ Financial Group (NYSE:MUFG) last posted its quarterly earnings results on Saturday, May 16th. The company reported $0.33 EPS for the quarter, beating analysts’ consensus estimates of $0.20 by $0.13. The company had revenue of $15.36 billion during the quarter, compared to analyst estimates of $9.34 billion. Mitsubishi UFJ Financial Group had a net margin of 16.65% and a return on equity of 11.07%. As a group, equities research analysts forecast that Mitsubishi UFJ Financial Group, Inc. will post 1.43 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts recently commented on MUFG shares. Mitsubishi UFJ Financial Group initiated coverage on shares of Mitsubishi UFJ Financial Group in a report on Thursday, June 25th. They set a “buy” rating on the stock. 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 for the company. Finally, Weiss Ratings upgraded shares of Mitsubishi UFJ Financial Group from a “buy (b-)” rating to a “buy (b)” rating in a research report on Tuesday, June 30th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, Mitsubishi UFJ Financial Group presently has an average rating of “Buy”.

About Mitsubishi UFJ Financial Group

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.