Fisher Asset Management LLC Buys 1,067,409 Shares of Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG)

by · The Cerbat Gem

Fisher Asset Management LLC lifted its stake in Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG – Free Report) by 15.7% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,853,310 shares of the company’s stock after acquiring an additional 1,067,409 shares during the quarter. Fisher Asset Management LLC’s holdings in Mitsubishi UFJ Financial Group were worth $79,947,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in MUFG. Natixis Advisors LLC raised its stake in Mitsubishi UFJ Financial Group by 3.2% during the 2nd quarter. Natixis Advisors LLC now owns 12,059,977 shares of the company’s stock valued at $130,248,000 after buying an additional 379,105 shares during the last quarter. Chevy Chase Trust Holdings LLC grew its stake in shares of Mitsubishi UFJ Financial Group by 3.8% during the 2nd quarter. Chevy Chase Trust Holdings LLC now owns 5,879,191 shares of the company’s stock valued at $63,495,000 after purchasing an additional 217,799 shares during the period. Envestnet Asset Management Inc. increased its position in shares of Mitsubishi UFJ Financial Group by 3.2% during the 2nd quarter. Envestnet Asset Management Inc. now owns 4,440,510 shares of the company’s stock valued at $47,958,000 after purchasing an additional 135,773 shares during the last quarter. Sei Investments Co. lifted its stake in shares of Mitsubishi UFJ Financial Group by 6.4% in the 2nd quarter. Sei Investments Co. now owns 3,250,210 shares of the company’s stock worth $35,102,000 after purchasing an additional 195,882 shares during the period. Finally, Raymond James & Associates lifted its stake in shares of Mitsubishi UFJ Financial Group by 4.3% in the 2nd quarter. Raymond James & Associates now owns 2,525,821 shares of the company’s stock worth $27,279,000 after purchasing an additional 104,256 shares during the period. 13.59% of the stock is owned by hedge funds and other institutional investors.

Mitsubishi UFJ Financial Group Trading Down 0.1 %

NYSE:MUFG opened at $11.81 on Tuesday. The firm has a market capitalization of $137.67 billion, a price-to-earnings ratio of 11.58, a price-to-earnings-growth ratio of 1.10 and a beta of 0.59. The company has a debt-to-equity ratio of 2.04, a current ratio of 0.91 and a quick ratio of 0.92. The business has a fifty day moving average price of $10.77 and a 200-day moving average price of $10.57. Mitsubishi UFJ Financial Group, Inc. has a one year low of $8.19 and a one year high of $12.11.

Wall Street Analyst Weigh In

Separately, StockNews.com raised shares of Mitsubishi UFJ Financial Group from a “sell” rating to a “hold” rating in a report on Saturday.

View Our Latest Research Report on MUFG

Mitsubishi UFJ Financial Group Company Profile

(Free Report)

Mitsubishi UFJ Financial Group, Inc operates as the bank holding company, that engages in a range of financial businesses in Japan, the United States, Europe, Asia/Oceania, and internationally. It operates through seven segments: Digital Service, Retail & Commercial Banking, Japanese Corporate & Investment Banking, Global Commercial Banking, Asset Management & Investor Services, Global Corporate & Investment Banking, and Global Markets.

See Also

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