CIBC Asset Management Inc Acquires New Position in Mitsubishi UFJ Financial Group, Inc. $MUFG

CIBC Asset Management Inc acquired a new stake in shares of Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 75,309 shares of the company’s stock, valued at approximately $1,194,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in MUFG. Laurel Wealth Advisors LLC bought a new stake in shares of Mitsubishi UFJ Financial Group in the fourth quarter valued at approximately $26,000. JPL Wealth Management LLC purchased a new stake in shares of Mitsubishi UFJ Financial Group during the 3rd quarter valued at approximately $34,000. Redmont Wealth Advisors LLC bought a new position in Mitsubishi UFJ Financial Group in the 3rd quarter worth approximately $35,000. Sound Income Strategies LLC grew its stake in 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 in the last quarter. Finally, Root Financial Partners LLC grew its stake in 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 in the last quarter. Institutional investors own 13.59% of the company’s stock.

Analysts Set New Price Targets

Separately, Weiss Ratings downgraded 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 given a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Buy”.

Mitsubishi UFJ Financial Group Stock Up 0.2%

MUFG stock opened at $19.94 on Tuesday. The stock has a 50-day simple moving average of $18.33 and a two-hundred day simple moving average of $17.58. Mitsubishi UFJ Financial Group, Inc. has a twelve month low of $13.19 and a twelve month high of $20.23. The firm has a market capitalization of $236.67 billion, a PE ratio of 14.14, a PEG ratio of 0.81 and a beta of 0.40.

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 analysts’ consensus estimates of $0.20 by $0.13. The firm had revenue of $15.36 billion for the quarter, compared to the consensus estimate of $9.34 billion. Mitsubishi UFJ Financial Group had a net margin of 16.65% and a return on equity of 11.07%. On average, equities research analysts anticipate that Mitsubishi UFJ Financial Group, Inc. will post 1.41 EPS for the current fiscal year.

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.