Goldman Sachs Group Inc. raised its stake in shares of Mitsubishi UFJ Financial Group Inc (NYSE:MTU) by 9.0% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,728,680 shares of the bank’s stock after purchasing an additional 389,983 shares during the period. Goldman Sachs Group Inc. owned 0.41% of Mitsubishi UFJ Financial Group worth $31,919,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Ballentine Partners LLC grew its holdings in Mitsubishi UFJ Financial Group by 21.2% during the second quarter. Ballentine Partners LLC now owns 18,627 shares of the bank’s stock valued at $119,000 after purchasing an additional 3,263 shares during the last quarter. Brandes Investment Partners LP grew its holdings in Mitsubishi UFJ Financial Group by 1.5% during the second quarter. Brandes Investment Partners LP now owns 8,754,048 shares of the bank’s stock valued at $59,090,000 after purchasing an additional 130,176 shares during the last quarter. Bank of America Corp DE grew its holdings in Mitsubishi UFJ Financial Group by 61.4% during the first quarter. Bank of America Corp DE now owns 4,039,673 shares of the bank’s stock valued at $25,611,000 after purchasing an additional 1,537,212 shares during the last quarter. Paloma Partners Management Co acquired a new position in Mitsubishi UFJ Financial Group during the first quarter valued at approximately $103,000. Finally, Proficio Capital Partners LLC grew its holdings in Mitsubishi UFJ Financial Group by 50.4% during the first quarter. Proficio Capital Partners LLC now owns 16,204 shares of the bank’s stock valued at $102,000 after purchasing an additional 5,429 shares during the last quarter. Institutional investors own 1.08% of the company’s stock.

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Several brokerages have commented on MTU. Zacks Investment Research upgraded Mitsubishi UFJ Financial Group from a “hold” rating to a “buy” rating and set a $7.00 price target on the stock in a report on Thursday, September 21st. ValuEngine downgraded Mitsubishi UFJ Financial Group from a “strong-buy” rating to a “buy” rating in a report on Friday, September 1st. Finally, BidaskClub downgraded Mitsubishi UFJ Financial Group from a “sell” rating to a “strong sell” rating in a report on Saturday, August 12th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and six have issued a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $7.00.

Mitsubishi UFJ Financial Group Inc (MTU) opened at 6.49 on Wednesday. The firm has a market cap of $86.24 billion, a P/E ratio of 31.66 and a beta of 1.63. The firm’s 50-day moving average price is $6.24 and its 200 day moving average price is $6.35. Mitsubishi UFJ Financial Group Inc has a one year low of $4.83 and a one year high of $7.01.

Mitsubishi UFJ Financial Group (NYSE:MTU) last posted its quarterly earnings results on Tuesday, August 1st. The bank reported $0.20 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.15 by $0.05. The firm had revenue of $13.57 billion for the quarter. Mitsubishi UFJ Financial Group had a return on equity of 6.59% and a net margin of 16.99%. On average, equities research analysts forecast that Mitsubishi UFJ Financial Group Inc will post $0.55 EPS for the current 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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