Allspring Global Investments Holdings LLC Raises Stock Holdings in Mitsubishi UFJ Financial Group, Inc. $MUFG

Allspring Global Investments Holdings LLC boosted its position in Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG) by 24.2% in the 1st quarter, HoldingsChannel reports. The firm owned 122,193 shares of the company’s stock after purchasing an additional 23,813 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Mitsubishi UFJ Financial Group were worth $2,123,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Fisher Asset Management LLC boosted its stake in shares of Mitsubishi UFJ Financial Group by 2.0% during the 4th quarter. Fisher Asset Management LLC now owns 93,276,119 shares of the company’s stock worth $1,479,359,000 after purchasing an additional 1,789,620 shares during the last quarter. Goldman Sachs Group Inc. raised its position in shares of Mitsubishi UFJ Financial Group by 0.8% in the fourth quarter. Goldman Sachs Group Inc. now owns 14,011,482 shares of the company’s stock valued at $222,222,000 after buying an additional 104,327 shares during the last quarter. Northern Trust Corp lifted its stake in shares of Mitsubishi UFJ Financial Group by 1.9% during the third quarter. Northern Trust Corp now owns 11,397,833 shares of the company’s stock valued at $181,681,000 after buying an additional 211,265 shares during the period. Clearbridge Investments LLC boosted its position in Mitsubishi UFJ Financial Group by 20.0% during the fourth quarter. Clearbridge Investments LLC now owns 6,730,203 shares of the company’s stock worth $106,741,000 after acquiring an additional 1,121,241 shares during the last quarter. Finally, FIL Ltd boosted its position in Mitsubishi UFJ Financial Group by 11.6% during the fourth quarter. FIL Ltd now owns 5,026,845 shares of the company’s stock worth $79,726,000 after acquiring an additional 521,832 shares during the last quarter. 13.59% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

Mitsubishi UFJ Financial Group Stock Performance

Mitsubishi UFJ Financial Group stock opened at $22.91 on Friday. The stock’s 50 day moving average price is $20.48 and its 200 day moving average price is $18.81. The firm has a market capitalization of $271.95 billion, a PE ratio of 16.25, a price-to-earnings-growth ratio of 1.10 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, Inc. has a one year low of $13.62 and a one year high of $23.08.

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.