Heathbridge Capital Management Ltd. Grows Position in Mitsubishi UFJ Financial Group Inc (MTU)

Heathbridge Capital Management Ltd. boosted its holdings in shares of Mitsubishi UFJ Financial Group Inc (NYSE:MTU) by 0.3% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,453,250 shares of the bank’s stock after purchasing an additional 11,900 shares during the quarter. Mitsubishi UFJ Financial Group comprises about 5.8% of Heathbridge Capital Management Ltd.’s investment portfolio, making the stock its 7th largest position. Heathbridge Capital Management Ltd.’s holdings in Mitsubishi UFJ Financial Group were worth $28,679,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in MTU. Financial Counselors Inc. raised its stake in shares of Mitsubishi UFJ Financial Group by 2.7% in the second quarter. Financial Counselors Inc. now owns 34,142 shares of the bank’s stock valued at $230,000 after acquiring an additional 895 shares during the period. Moors & Cabot Inc. raised its stake in shares of Mitsubishi UFJ Financial Group by 3.8% in the second quarter. Moors & Cabot Inc. now owns 68,505 shares of the bank’s stock valued at $462,000 after acquiring an additional 2,500 shares during the period. Advisor Group Inc. raised its stake in shares of Mitsubishi UFJ Financial Group by 18.1% in the second quarter. Advisor Group Inc. now owns 18,700 shares of the bank’s stock valued at $126,000 after acquiring an additional 2,869 shares during the period. HighTower Advisors LLC raised its stake in shares of Mitsubishi UFJ Financial Group by 13.7% in the second quarter. HighTower Advisors LLC now owns 24,147 shares of the bank’s stock valued at $162,000 after acquiring an additional 2,911 shares during the period. Finally, Ronald Blue & Co. LLC raised its stake in shares of Mitsubishi UFJ Financial Group by 19.4% in the second quarter. Ronald Blue & Co. LLC now owns 18,127 shares of the bank’s stock valued at $122,000 after acquiring an additional 2,948 shares during the period. 1.08% of the stock is currently owned by institutional investors.

Shares of Mitsubishi UFJ Financial Group Inc (NYSE:MTU) traded down 1.093% during midday trading on Tuesday, hitting $6.785. 411,631 shares of the stock traded hands. The stock has a market cap of $90.16 billion, a price-to-earnings ratio of 33.098 and a beta of 1.63. Mitsubishi UFJ Financial Group Inc has a 12-month low of $4.96 and a 12-month high of $7.01. The company’s 50 day moving average price is $6.45 and its 200-day moving average price is $6.39.

Mitsubishi UFJ Financial Group (NYSE:MTU) last announced its quarterly earnings results on Tuesday, August 1st. The bank reported $0.20 earnings per share for the quarter, beating the 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 net margin of 16.99% and a return on equity of 6.59%. On average, equities research analysts expect that Mitsubishi UFJ Financial Group Inc will post $0.55 EPS for the current year.

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MTU has been the topic of several recent analyst reports. Zacks Investment Research raised shares of Mitsubishi UFJ Financial Group from a “hold” rating to a “buy” rating and set a $7.00 target price on the stock in a research note on Thursday, September 14th. ValuEngine downgraded shares of Mitsubishi UFJ Financial Group from a “strong-buy” rating to a “buy” rating in a research note on Friday, September 1st. Finally, BidaskClub downgraded shares of Mitsubishi UFJ Financial Group from a “sell” rating to a “strong sell” rating in a research note on Tuesday, July 25th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $7.00.

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.

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

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