Todd Asset Management LLC Raises Position in Mitsubishi UFJ Financial Group Inc (MUFG)

Todd Asset Management LLC increased its position in Mitsubishi UFJ Financial Group Inc (NYSE:MUFG) by 1,722.9% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 2,471,514 shares of the company’s stock after buying an additional 2,335,935 shares during the period. Todd Asset Management LLC’s holdings in Mitsubishi UFJ Financial Group were worth $12,235,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of MUFG. Cornerstone Advisors Inc. raised its position in shares of Mitsubishi UFJ Financial Group by 121.2% in the 1st quarter. Cornerstone Advisors Inc. now owns 6,022 shares of the company’s stock worth $30,000 after buying an additional 3,299 shares during the period. Sontag Advisory LLC purchased a new stake in shares of Mitsubishi UFJ Financial Group during the fourth quarter worth about $32,000. Covenant Multifamily Offices LLC purchased a new stake in shares of Mitsubishi UFJ Financial Group during the first quarter worth about $34,000. Parallel Advisors LLC increased its position in shares of Mitsubishi UFJ Financial Group by 121.9% during the first quarter. Parallel Advisors LLC now owns 7,413 shares of the company’s stock worth $37,000 after acquiring an additional 4,073 shares during the last quarter. Finally, Private Advisor Group LLC purchased a new stake in shares of Mitsubishi UFJ Financial Group during the fourth quarter worth about $54,000. 1.10% of the stock is currently owned by institutional investors and hedge funds.

A number of analysts have recently issued reports on the company. Zacks Investment Research lowered Mitsubishi UFJ Financial Group from a “hold” rating to a “sell” rating in a research report on Monday, April 8th. UBS Group raised Mitsubishi UFJ Financial Group from a “neutral” rating to a “buy” rating in a research report on Thursday, March 7th. Finally, ValuEngine raised Mitsubishi UFJ Financial Group from a “strong sell” rating to a “sell” rating in a research report on Thursday, April 11th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the company. The stock currently has a consensus rating of “Buy”.

NYSE:MUFG traded down $0.01 during mid-day trading on Wednesday, reaching $4.62. The stock had a trading volume of 20,272 shares, compared to its average volume of 1,368,124. The company has a market capitalization of $60.48 billion, a price-to-earnings ratio of 6.23, a price-to-earnings-growth ratio of 1.54 and a beta of 1.43. Mitsubishi UFJ Financial Group Inc has a 1-year low of $4.49 and a 1-year high of $6.48.

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About Mitsubishi UFJ Financial Group

Mitsubishi UFJ Financial Group, Inc, a bank holding company, provides financial services in Japan and internationally. Its Retail Banking Business Group segment offers a range of products and services, such as bank deposits, loans, asset management and administration services, investment products, and settlement services.

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

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