Smartleaf Asset Management LLC Has $672,000 Stake in Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG)

Smartleaf Asset Management LLC grew its holdings in shares of Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG) by 115.5% in the 4th quarter, Holdings Channel reports. The fund owned 57,204 shares of the company’s stock after buying an additional 30,656 shares during the period. Smartleaf Asset Management LLC’s holdings in Mitsubishi UFJ Financial Group were worth $672,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the business. Fisher Asset Management LLC raised its stake in Mitsubishi UFJ Financial Group by 15.7% during the third quarter. Fisher Asset Management LLC now owns 7,853,310 shares of the company’s stock worth $79,947,000 after acquiring an additional 1,067,409 shares in the last quarter. Chevy Chase Trust Holdings LLC increased its stake in shares of Mitsubishi UFJ Financial Group by 4.2% in the fourth quarter. Chevy Chase Trust Holdings LLC now owns 5,950,256 shares of the company’s stock valued at $69,737,000 after buying an additional 241,685 shares during the period. Todd Asset Management LLC increased its stake in shares of Mitsubishi UFJ Financial Group by 0.6% in the fourth quarter. Todd Asset Management LLC now owns 4,069,663 shares of the company’s stock valued at $47,696,000 after buying an additional 24,038 shares during the period. Bank of New York Mellon Corp increased its stake in shares of Mitsubishi UFJ Financial Group by 17.7% in the fourth quarter. Bank of New York Mellon Corp now owns 1,090,733 shares of the company’s stock valued at $12,783,000 after buying an additional 164,011 shares during the period. Finally, Artemis Investment Management LLP acquired a new position in shares of Mitsubishi UFJ Financial Group in the fourth quarter valued at approximately $10,880,000. Institutional investors and hedge funds own 13.59% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded Mitsubishi UFJ Financial Group from a “hold” rating to a “sell” rating in a research note on Tuesday, February 25th.

Mitsubishi UFJ Financial Group Stock Performance

Mitsubishi UFJ Financial Group stock opened at $12.84 on Tuesday. The business has a 50 day moving average of $12.34 and a 200-day moving average of $11.42. Mitsubishi UFJ Financial Group, Inc. has a 1 year low of $8.75 and a 1 year high of $13.34. The company has a debt-to-equity ratio of 2.06, a current ratio of 0.90 and a quick ratio of 0.92. The company has a market capitalization of $154.95 billion, a P/E ratio of 11.78, a P/E/G ratio of 1.16 and a beta of 0.61.

Mitsubishi UFJ Financial Group (NYSE:MUFG) last released its quarterly earnings data on Tuesday, February 4th. The company reported $0.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.19 by $0.09. Mitsubishi UFJ Financial Group had a return on equity of 9.27% and a net margin of 14.19%. On average, equities research analysts predict that Mitsubishi UFJ Financial Group, Inc. will post 0.99 earnings per share for the current year.

Mitsubishi UFJ Financial Group Company 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.