Shelton Capital Management raised its position in Mitsubishi UFJ Financial Group Inc (NYSE:MTU) by 3.5% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 180,285 shares of the bank’s stock after acquiring an additional 6,036 shares during the period. Shelton Capital Management’s holdings in Mitsubishi UFJ Financial Group were worth $1,217,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in MTU. Bank of New York Mellon Corp lifted its stake in shares of Mitsubishi UFJ Financial Group by 2.1% in the 1st quarter. Bank of New York Mellon Corp now owns 256,362 shares of the bank’s stock worth $1,625,000 after acquiring an additional 5,328 shares during the period. Ameriprise Financial Inc. lifted its stake in shares of Mitsubishi UFJ Financial Group by 10.0% in the 1st quarter. Ameriprise Financial Inc. now owns 259,065 shares of the bank’s stock worth $1,644,000 after acquiring an additional 23,557 shares during the period. Oxford Asset Management acquired a new stake in shares of Mitsubishi UFJ Financial Group in the 1st quarter worth $157,000. JPMorgan Chase & Co. lifted its stake in shares of Mitsubishi UFJ Financial Group by 13.1% in the 1st quarter. JPMorgan Chase & Co. now owns 2,623,020 shares of the bank’s stock worth $16,630,000 after acquiring an additional 303,043 shares during the period. Finally, BB&T Securities LLC lifted its stake in shares of Mitsubishi UFJ Financial Group by 43.5% in the 1st quarter. BB&T Securities LLC now owns 93,135 shares of the bank’s stock worth $590,000 after acquiring an additional 28,212 shares during the period. Institutional investors own 1.08% of the company’s stock.

MTU has been the subject of several recent analyst reports. BidaskClub upgraded shares of Mitsubishi UFJ Financial Group from a “sell” rating to a “hold” rating in a research note on Friday, June 9th. Zacks Investment Research upgraded shares of Mitsubishi UFJ Financial Group from a “hold” rating to a “buy” rating and set a $6.75 price objective for the company in a research note on Wednesday, September 6th. Finally, ValuEngine cut shares of Mitsubishi UFJ Financial Group from a “strong-buy” rating to a “buy” rating in a research note on Friday, September 1st. One research analyst has rated the stock with a sell rating, two have given a hold rating and six have assigned a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $7.00.

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Shares of Mitsubishi UFJ Financial Group Inc (NYSE MTU) traded up 1.487% during mid-day trading on Friday, hitting $6.485. 452,454 shares of the company traded hands. The firm has a market cap of $86.17 billion, a price-to-earnings ratio of 31.634 and a beta of 1.63. The firm has a 50-day moving average price of $6.22 and a 200 day moving average price of $6.35. Mitsubishi UFJ Financial Group Inc has a 52-week low of $4.83 and a 52-week high of $7.01.

Mitsubishi UFJ Financial Group (NYSE:MTU) last announced its earnings results on Tuesday, August 1st. The bank reported $0.20 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.15 by $0.05. The firm had revenue of $13.57 billion during the quarter. Mitsubishi UFJ Financial Group had a net margin of 16.99% and a return on equity of 6.59%. Equities research analysts anticipate that Mitsubishi UFJ Financial Group Inc will post $0.55 EPS for the current fiscal year.

Mitsubishi UFJ Financial Group Company Profile

Mitsubishi UFJ Financial Group, Inc (MUFJ) is a bank holding company. The Company’s segments include Integrated Retail Banking Business Group, Integrated Corporate Banking Business Group, Integrated Trust Assets Business Group, Integrated Global Business Group and Krungsri. The Company’s services include commercial banking, trust banking, securities, credit cards, consumer finance, asset management, leasing and various fields of financial services.

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Institutional Ownership by Quarter for Mitsubishi UFJ Financial Group (NYSE:MTU)

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