Mitsubishi UFJ Financial Group Inc (NYSE:MTU) Stake Raised by Royal Bank of Canada

Royal Bank of Canada grew its position in shares of Mitsubishi UFJ Financial Group Inc (NYSE:MTU) by 2.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,190,120 shares of the bank’s stock after purchasing an additional 33,924 shares during the quarter. Royal Bank of Canada owned approximately 0.10% of Mitsubishi UFJ Financial Group worth $8,033,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in MTU. Bank of America Corp DE boosted its stake in shares of 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 in the last quarter. Aristotle Capital Management LLC lifted its stake in shares of Mitsubishi UFJ Financial Group by 6.0% in the first quarter. Aristotle Capital Management LLC now owns 24,405,996 shares of the bank’s stock worth $154,734,000 after acquiring an additional 1,370,803 shares during the period. Parametric Portfolio Associates LLC lifted its stake in shares of Mitsubishi UFJ Financial Group by 8.6% in the second quarter. Parametric Portfolio Associates LLC now owns 7,395,483 shares of the bank’s stock worth $49,920,000 after acquiring an additional 586,278 shares during the period. Renaissance Technologies LLC lifted its stake in shares of Mitsubishi UFJ Financial Group by 23.8% in the second quarter. Renaissance Technologies LLC now owns 2,387,171 shares of the bank’s stock worth $16,113,000 after acquiring an additional 459,271 shares during the period. Finally, Goldman Sachs Group Inc. lifted its stake in shares of Mitsubishi UFJ Financial Group by 9.0% in the second quarter. Goldman Sachs Group Inc. now owns 4,728,680 shares of the bank’s stock worth $31,919,000 after acquiring an additional 389,983 shares during the period. 1.08% of the stock is currently owned by hedge funds and other institutional investors.

Mitsubishi UFJ Financial Group Inc (NYSE MTU) opened at 6.96 on Friday. The stock has a market cap of $92.48 billion, a PE ratio of 33.95 and a beta of 1.63. The company’s 50 day moving average price is $6.38 and its 200 day moving average price is $6.37. Mitsubishi UFJ Financial Group Inc has a 12 month low of $4.96 and a 12 month high of $7.01.

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

A number of equities research analysts have weighed in on the company. Zacks Investment Research upgraded Mitsubishi UFJ Financial Group from a “hold” rating to a “buy” rating and set a $7.50 target price for the company in a report on Tuesday, July 4th. BidaskClub upgraded Mitsubishi UFJ Financial Group from a “sell” rating to a “hold” rating in a report on Saturday, July 1st. Finally, ValuEngine upgraded Mitsubishi UFJ Financial Group from a “buy” rating to a “strong-buy” rating in a report on Monday, October 16th. One research analyst has rated the stock with a sell rating, two have given a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $7.00.

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About Mitsubishi UFJ Financial Group

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.

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

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