Bessemer Group Inc. Has $4.69 Million Stake in Mitsubishi UFJ Financial Group, Inc. $MUFG

Bessemer Group Inc. lowered its position in shares of Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG) by 19.9% during the first quarter, HoldingsChannel.com reports. The fund owned 276,412 shares of the company’s stock after selling 68,782 shares during the quarter. Bessemer Group Inc.’s holdings in Mitsubishi UFJ Financial Group were worth $4,690,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in MUFG. Tudor Investment Corp ET AL boosted its holdings in Mitsubishi UFJ Financial Group by 834.1% during the third quarter. Tudor Investment Corp ET AL now owns 534,118 shares of the company’s stock worth $8,514,000 after purchasing an additional 476,941 shares during the last quarter. JPMorgan Chase & Co. lifted its position in shares of Mitsubishi UFJ Financial Group by 180.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,162,410 shares of the company’s stock worth $34,469,000 after buying an additional 1,390,497 shares in the last quarter. Moran Wealth Management LLC lifted its position in shares of Mitsubishi UFJ Financial Group by 37.6% during the 4th quarter. Moran Wealth Management LLC now owns 486,468 shares of the company’s stock worth $7,715,000 after buying an additional 132,841 shares in the last quarter. Fulcrum Wealth Advisors LLC purchased a new position in shares of Mitsubishi UFJ Financial Group in the 4th quarter worth approximately $3,048,000. Finally, UBS Group AG boosted its stake in shares of Mitsubishi UFJ Financial Group by 48.9% in the 4th quarter. UBS Group AG now owns 2,350,819 shares of the company’s stock worth $37,284,000 after buying an additional 772,272 shares during the last quarter. 13.59% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Mitsubishi UFJ Financial Group Trading Up 0.5%

Shares of MUFG opened at $21.43 on Tuesday. Mitsubishi UFJ Financial Group, Inc. has a fifty-two week low of $13.35 and a fifty-two week high of $22.83. The business has a 50-day moving average of $20.17 and a 200 day moving average of $18.64. The firm has a market cap of $254.38 billion, a P/E ratio of 15.20, a price-to-earnings-growth ratio of 1.03 and a beta of 0.39. The company has a debt-to-equity ratio of 1.75, a quick ratio of 0.98 and a current ratio of 0.98.

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.