Mitsubishi UFJ Financial Group Inc (MTU) Shares Bought by JPMorgan Chase & Co.

JPMorgan Chase & Co. increased its stake in Mitsubishi UFJ Financial Group Inc (NYSE:MTU) by 4.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,985,305 shares of the bank’s stock after purchasing an additional 78,241 shares during the period. JPMorgan Chase & Co.’s holdings in Mitsubishi UFJ Financial Group were worth $12,745,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Wells Fargo & Company MN increased its position in shares of Mitsubishi UFJ Financial Group by 198.2% in the second quarter. Wells Fargo & Company MN now owns 140,921 shares of the bank’s stock worth $951,000 after purchasing an additional 93,664 shares during the last quarter. BB&T Corp grew its position in Mitsubishi UFJ Financial Group by 9.7% during the third quarter. BB&T Corp now owns 204,112 shares of the bank’s stock valued at $1,314,000 after acquiring an additional 18,049 shares during the last quarter. Brandes Investment Partners LP grew its position in Mitsubishi UFJ Financial Group by 1.5% during the second quarter. Brandes Investment Partners LP now owns 8,754,048 shares of the bank’s stock valued at $59,090,000 after acquiring an additional 130,176 shares during the last quarter. TD Asset Management Inc. grew its position in Mitsubishi UFJ Financial Group by 23.1% during the third quarter. TD Asset Management Inc. now owns 1,188,471 shares of the bank’s stock valued at $7,654,000 after acquiring an additional 222,796 shares during the last quarter. Finally, Teachers Retirement System of The State of Kentucky grew its position in Mitsubishi UFJ Financial Group by 28.0% during the third quarter. Teachers Retirement System of The State of Kentucky now owns 1,648,300 shares of the bank’s stock valued at $10,615,000 after acquiring an additional 361,000 shares during the last quarter. Institutional investors own 1.03% of the company’s stock.

Mitsubishi UFJ Financial Group Inc (MTU) opened at $7.35 on Friday. Mitsubishi UFJ Financial Group Inc has a 52-week low of $5.94 and a 52-week high of $7.39. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.85 and a current ratio of 0.85. The company has a market cap of $98,705.27, a P/E ratio of 10.07 and a beta of 1.65.

A number of research analysts have commented on the stock. Zacks Investment Research cut shares of Mitsubishi UFJ Financial Group from a “buy” rating to a “hold” rating in a research report on Wednesday, November 1st. ValuEngine upgraded shares of Mitsubishi UFJ Financial Group from a “buy” rating to a “strong-buy” rating in a research report on Monday, October 16th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, two have issued a buy rating and one has given a strong buy rating to the company’s stock. Mitsubishi UFJ Financial Group currently has an average rating of “Buy” and an average price target of $7.00.

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Mitsubishi UFJ Financial Group 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.

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

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