Madison Asset Management LLC Makes New Investment in Mitsubishi UFJ Financial Group, Inc. $MUFG

Madison Asset Management LLC bought a new position in Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG) during the 2nd quarter, HoldingsChannel.com reports. The fund bought 158,993 shares of the company’s stock, valued at approximately $3,162,000.

A number of other large investors have also made changes to their positions in the company. Elevation Wealth Partners LLC purchased a new stake in shares of Mitsubishi UFJ Financial Group in the 2nd quarter valued at approximately $25,000. Laurel Wealth Advisors LLC purchased a new position in Mitsubishi UFJ Financial Group during the 4th quarter worth approximately $26,000. Whipplewood Advisors LLC purchased a new position in Mitsubishi UFJ Financial Group during the 1st quarter worth approximately $29,000. Signature Equity Partners LLC raised its stake in Mitsubishi UFJ Financial Group by 73.0% during the 1st quarter. Signature Equity Partners LLC now owns 1,697 shares of the company’s stock valued at $29,000 after purchasing an additional 716 shares during the period. Finally, JPL Wealth Management LLC acquired a new stake in Mitsubishi UFJ Financial Group during the 3rd quarter valued at $34,000. Institutional investors and hedge funds own 13.59% of the company’s stock.

Mitsubishi UFJ Financial Group Stock Performance

MUFG stock opened at $21.60 on Friday. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 1.10. The company has a market capitalization of $256.34 billion, a price-to-earnings ratio of 14.12, a P/E/G ratio of 0.97 and a beta of 0.39. Mitsubishi UFJ Financial Group, Inc. has a 12 month low of $14.62 and a 12 month high of $23.25. The firm has a 50 day moving average of $21.62 and a two-hundred day moving average of $19.44.

Mitsubishi UFJ Financial Group (NYSE:MUFG) last announced its quarterly earnings results on Tuesday, August 4th. The company reported $0.45 EPS for the quarter, topping the consensus estimate of $0.35 by $0.10. The company had revenue of $15.11 billion for the quarter, compared to analyst estimates of $10.06 billion. Mitsubishi UFJ Financial Group had a net margin of 17.63% and a return on equity of 12.30%. As a group, equities analysts anticipate that Mitsubishi UFJ Financial Group, Inc. will post 1.57 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on MUFG. Mitsubishi UFJ Financial Group initiated coverage on Mitsubishi UFJ Financial Group in a research report on Thursday, June 25th. They issued a “buy” rating for the company. Weiss Ratings lowered Mitsubishi UFJ Financial Group from a “buy (b)” rating to a “hold (c)” rating in a research report on Tuesday, July 14th. Finally, Erste Group Bank assumed coverage on Mitsubishi UFJ Financial Group in a research note on Thursday, June 25th. They issued a “buy” rating for the company. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy”.

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.