Envestnet Asset Management Inc. Has $56.34 Million Stock Position in Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG)

Envestnet Asset Management Inc. grew its position in Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG - Free Report) by 7.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,806,932 shares of the company's stock after purchasing an additional 313,851 shares during the quarter. Envestnet Asset Management Inc.'s holdings in Mitsubishi UFJ Financial Group were worth $56,337,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Wells Fargo & Company MN boosted its position in shares of Mitsubishi UFJ Financial Group by 9.8% in the fourth quarter. Wells Fargo & Company MN now owns 2,556,797 shares of the company's stock valued at $29,966,000 after acquiring an additional 228,971 shares during the period. Massachusetts Financial Services Co. MA raised its position in shares of Mitsubishi UFJ Financial Group by 5.0% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 837,745 shares of the company's stock valued at $9,818,000 after buying an additional 39,598 shares during the last quarter. May Hill Capital LLC bought a new stake in shares of Mitsubishi UFJ Financial Group in the fourth quarter valued at about $121,000. Franklin Resources Inc. increased its stake in Mitsubishi UFJ Financial Group by 5.4% during the fourth quarter. Franklin Resources Inc. now owns 51,864 shares of the company's stock valued at $608,000 after acquiring an additional 2,656 shares during the period. Finally, Clearbridge Investments LLC raised its holdings in Mitsubishi UFJ Financial Group by 325.9% in the 4th quarter. Clearbridge Investments LLC now owns 3,822,530 shares of the company's stock valued at $44,800,000 after acquiring an additional 2,924,979 shares in the last quarter. 13.59% of the stock is currently owned by institutional investors and hedge funds.

Remove Ads

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded Mitsubishi UFJ Financial Group from a "sell" rating to a "hold" rating in a research note on Wednesday, April 9th.

Mitsubishi UFJ Financial Group Price Performance

NYSE:MUFG traded up $0.33 during mid-day trading on Tuesday, hitting $11.99. The company's stock had a trading volume of 1,794,891 shares, compared to its average volume of 3,586,558. The company has a current ratio of 0.90, a quick ratio of 0.92 and a debt-to-equity ratio of 2.06. The stock has a fifty day moving average of $12.89 and a 200-day moving average of $11.99. Mitsubishi UFJ Financial Group, Inc. has a fifty-two week low of $8.75 and a fifty-two week high of $15.03. The company has a market capitalization of $144.72 billion, a price-to-earnings ratio of 11.00, a P/E/G ratio of 1.16 and a beta of 0.39.

Mitsubishi UFJ Financial Group (NYSE:MUFG - Get Free Report) last issued its quarterly earnings data on Tuesday, February 4th. The company reported $0.28 EPS for the quarter, topping analysts' consensus estimates of $0.19 by $0.09. Mitsubishi UFJ Financial Group had a net margin of 14.19% and a return on equity of 9.27%. As a group, equities analysts forecast that Mitsubishi UFJ Financial Group, Inc. will post 0.99 EPS for the current fiscal year.

Mitsubishi UFJ Financial Group Profile

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.