Moors & Cabot Inc. Acquires 2,500 Shares of Mitsubishi UFJ Financial Group Inc (MTU)

Moors & Cabot Inc. lifted its holdings in shares of Mitsubishi UFJ Financial Group Inc (NYSE:MTU) by 3.8% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 68,505 shares of the bank’s stock after buying an additional 2,500 shares during the period. Moors & Cabot Inc.’s holdings in Mitsubishi UFJ Financial Group were worth $462,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in MTU. Proficio Capital Partners LLC grew its position in shares of Mitsubishi UFJ Financial Group by 50.4% during the 1st quarter. Proficio Capital Partners LLC now owns 16,204 shares of the bank’s stock valued at $102,000 after buying an additional 5,429 shares during the last quarter. Paloma Partners Management Co bought a new position in Mitsubishi UFJ Financial Group in the 1st quarter worth about $103,000. Campbell & CO Investment Adviser LLC bought a new position in Mitsubishi UFJ Financial Group in the 2nd quarter worth about $109,000. BlueCrest Capital Management Ltd bought a new position in Mitsubishi UFJ Financial Group in the 1st quarter worth about $110,000. Finally, Ballentine Partners LLC grew its position in Mitsubishi UFJ Financial Group by 21.2% in the 2nd quarter. Ballentine Partners LLC now owns 18,627 shares of the bank’s stock worth $119,000 after purchasing an additional 3,263 shares during the last quarter. 1.08% of the stock is owned by institutional investors and hedge funds.

MTU has been the subject of several recent analyst reports. Zacks Investment Research upgraded shares of Mitsubishi UFJ Financial Group from a “hold” rating to a “buy” rating and set a $7.00 target price for the company in a research report on Thursday, September 21st. BidaskClub upgraded shares of Mitsubishi UFJ Financial Group from a “sell” rating to a “hold” rating in a research report on Saturday, July 1st. Finally, ValuEngine cut shares of Mitsubishi UFJ Financial Group from a “strong-buy” rating to a “buy” rating in a research report on Friday, September 1st. One 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 presently has an average rating of “Buy” and an average price target of $7.00.

TRADEMARK VIOLATION WARNING: This report was first posted by Community Financial News and is the property of of Community Financial News. If you are reading this report on another publication, it was stolen and reposted in violation of United States and international trademark and copyright law. The original version of this report can be viewed at https://www.com-unik.info/2017/10/11/moors-cabot-inc-acquires-2500-shares-of-mitsubishi-ufj-financial-group-inc-mtu.html.

Mitsubishi UFJ Financial Group Inc (NYSE:MTU) traded down 0.385% on Wednesday, reaching $6.465. 112,093 shares of the company’s stock traded hands. The stock has a market capitalization of $85.90 billion, a PE ratio of 31.537 and a beta of 1.63. The firm’s 50-day moving average is $6.24 and its 200 day moving average is $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 quarterly earnings results on Tuesday, August 1st. The bank reported $0.20 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $13.57 billion during the quarter. 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.

Want to see what other hedge funds are holding MTU? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Mitsubishi UFJ Financial Group Inc (NYSE:MTU).

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

What are top analysts saying about Mitsubishi UFJ Financial Group Inc? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Mitsubishi UFJ Financial Group Inc and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit