Clearbridge Investments LLC Buys 1,121,241 Shares of Mitsubishi UFJ Financial Group, Inc. $MUFG

Clearbridge Investments LLC boosted its stake in shares of Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG) by 20.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 6,730,203 shares of the company’s stock after acquiring an additional 1,121,241 shares during the quarter. Clearbridge Investments LLC owned about 0.06% of Mitsubishi UFJ Financial Group worth $106,741,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. increased its stake in Mitsubishi UFJ Financial Group by 1.9% during the third quarter. Envestnet Asset Management Inc. now owns 4,941,830 shares of the company’s stock worth $78,773,000 after acquiring an additional 93,051 shares during the last quarter. Caprock Group LLC bought a new position in shares of Mitsubishi UFJ Financial Group during the third quarter valued at approximately $2,367,000. Tudor Investment Corp ET AL grew its stake in shares of 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 valued at $8,514,000 after buying an additional 476,941 shares during the last quarter. Natixis Advisors LLC grew its stake in shares of Mitsubishi UFJ Financial Group by 14.9% during the third quarter. Natixis Advisors LLC now owns 13,240,940 shares of the company’s stock valued at $211,061,000 after buying an additional 1,718,759 shares during the last quarter. Finally, Factory Mutual Insurance Co. bought a new position in shares of Mitsubishi UFJ Financial Group during the third quarter valued at approximately $6,286,000. 13.59% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings cut Mitsubishi UFJ Financial Group from a “buy (b)” rating to a “buy (b-)” rating in a research note on Tuesday, May 26th. One 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, Mitsubishi UFJ Financial Group has a consensus rating of “Buy”.

Mitsubishi UFJ Financial Group Stock Up 0.2%

Shares of NYSE MUFG opened at $19.94 on Tuesday. 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 cap of $236.67 billion, a PE ratio of 14.14, a price-to-earnings-growth ratio of 0.81 and a beta of 0.40. The business has a fifty day simple moving average of $18.33 and a two-hundred day simple moving average of $17.58.

Mitsubishi UFJ Financial Group (NYSE:MUFG) last issued its earnings results on Saturday, May 16th. The company reported $0.33 earnings per share for the quarter, topping the consensus estimate of $0.20 by $0.13. The business had revenue of $15.36 billion during the quarter, compared to analysts’ expectations 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, research analysts expect that Mitsubishi UFJ Financial Group, Inc. will post 1.41 earnings per share for the current 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.