37,342 Shares in Mitsubishi UFJ Financial Group, Inc. $MUFG Acquired by Fiera Capital Corp

Fiera Capital Corp acquired a new position in shares of Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 37,342 shares of the company’s stock, valued at approximately $592,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in MUFG. Laurel Wealth Advisors LLC bought a new position in Mitsubishi UFJ Financial Group during the fourth quarter worth $26,000. JPL Wealth Management LLC bought a new position in Mitsubishi UFJ Financial Group during the third quarter worth $34,000. Redmont Wealth Advisors LLC bought a new position in Mitsubishi UFJ Financial Group during the third quarter worth $35,000. Sound Income Strategies LLC boosted its position in Mitsubishi UFJ Financial Group by 716.4% during the fourth quarter. Sound Income Strategies LLC now owns 2,482 shares of the company’s stock worth $39,000 after purchasing an additional 2,178 shares during the period. Finally, Root Financial Partners LLC raised its holdings 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 acquiring an additional 1,256 shares during the period. 13.59% of the stock is owned by institutional investors.

Mitsubishi UFJ Financial Group Stock Down 0.6%

Shares of Mitsubishi UFJ Financial Group stock opened at $19.72 on Thursday. Mitsubishi UFJ Financial Group, Inc. has a twelve month low of $13.19 and a twelve month high of $20.23. The company has a 50-day simple moving average of $18.47 and a two-hundred day simple moving average of $17.64. The stock has a market capitalization of $233.97 billion, a price-to-earnings ratio of 13.98, a price-to-earnings-growth ratio of 0.81 and a beta of 0.40.

Mitsubishi UFJ Financial Group (NYSE:MUFG) last issued its quarterly earnings results on Saturday, May 16th. The company reported $0.33 earnings per share (EPS) for the quarter, beating 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, sell-side analysts anticipate that Mitsubishi UFJ Financial Group, Inc. will post 1.41 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings cut shares of Mitsubishi UFJ Financial Group from a “buy (b)” rating to a “buy (b-)” rating in a report on Tuesday, May 26th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Buy”.

Mitsubishi UFJ Financial Group 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.