TD Waterhouse Canada Inc. Purchases 169,723 Shares of Mitsubishi UFJ Financial Group, Inc. $MUFG

TD Waterhouse Canada Inc. grew its position in Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG) by 18.3% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,097,840 shares of the company’s stock after buying an additional 169,723 shares during the quarter. TD Waterhouse Canada Inc.’s holdings in Mitsubishi UFJ Financial Group were worth $24,827,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Aspiriant LLC lifted its stake in Mitsubishi UFJ Financial Group by 4.9% during the 3rd quarter. Aspiriant LLC now owns 10,728 shares of the company’s stock worth $247,000 after acquiring an additional 498 shares in the last quarter. Legacy Wealth Partners LLC boosted its holdings in Mitsubishi UFJ Financial Group by 21.3% during the 3rd quarter. Legacy Wealth Partners LLC now owns 24,438 shares of the company’s stock valued at $564,000 after acquiring an additional 4,284 shares during the period. V Square Quantitative Management LLC purchased a new position in Mitsubishi UFJ Financial Group during the 3rd quarter valued at about $32,000. Mather Group LLC. grew its position in Mitsubishi UFJ Financial Group by 106.7% in the 3rd quarter. Mather Group LLC. now owns 5,318 shares of the company’s stock valued at $123,000 after acquiring an additional 2,745 shares in the last quarter. Finally, Henry James International Management Inc. grew its position in Mitsubishi UFJ Financial Group by 13.7% in the 3rd quarter. Henry James International Management Inc. now owns 337,370 shares of the company’s stock valued at $7,783,000 after acquiring an additional 40,658 shares in the last quarter. Hedge funds and other institutional investors own 13.59% of the company’s stock.

Mitsubishi UFJ Financial Group Stock Performance

NYSE:MUFG opened at $21.90 on Friday. Mitsubishi UFJ Financial Group, Inc. has a 52 week low of $14.72 and a 52 week high of $24.26. The company has a fifty day simple moving average of $22.87 and a two-hundred day simple moving average of $20.85. 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 cap of $259.86 billion, a price-to-earnings ratio of 14.31, a price-to-earnings-growth ratio of 0.81 and a beta of 0.44.

Mitsubishi UFJ Financial Group (NYSE:MUFG) last announced its quarterly earnings data on Tuesday, August 4th. The company reported $0.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.35 by $0.10. The business had revenue of $15.11 billion for the quarter, compared to analysts’ expectations of $10.06 billion. Mitsubishi UFJ Financial Group had a return on equity of 12.30% and a net margin of 17.63%. As a group, equities analysts anticipate that Mitsubishi UFJ Financial Group, Inc. will post 1.60 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have issued reports on the stock. Weiss Ratings upgraded shares of Mitsubishi UFJ Financial Group from a “hold (c)” rating to a “buy (b-)” rating in a research note on Friday, September 25th. Zacks Research raised shares of Mitsubishi UFJ Financial Group from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 5th. Erste Group Bank initiated coverage on shares of Mitsubishi UFJ Financial Group in a research note on Thursday, June 25th. They issued a “buy” rating for the company. Finally, Mitsubishi UFJ Financial Group assumed coverage on shares of Mitsubishi UFJ Financial Group in a report on Thursday, June 25th. They issued a “buy” rating for the company. Two equities research analysts have rated the stock with a Strong Buy rating and three have given a Buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Buy”.

Mitsubishi UFJ Financial Group Company Profile

Mitsubishi UFJ Financial Group, Inc (NYSE: MUFG) is a Japanese financial services holding company headquartered in Tokyo. Established in 2005 through the merger of Mitsubishi Tokyo Financial Group and UFJ Holdings, the group is one of Japan’s largest banking organizations and serves corporate, institutional, government and individual customers.

Through its principal subsidiaries, including MUFG Bank, Mitsubishi UFJ Trust and Banking Corporation and Mitsubishi UFJ Securities Holdings, the company provides commercial and investment banking, trust banking, securities underwriting and brokerage, asset management, credit cards, consumer finance and leasing services.