36,034 Shares in Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG) Bought by Marks Group Wealth Management Inc

Marks Group Wealth Management Inc bought a new stake in Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG) during the fourth quarter, HoldingsChannel.com reports. The firm bought 36,034 shares of the company’s stock, valued at approximately $422,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of MUFG. Fisher Asset Management LLC lifted its holdings in shares of Mitsubishi UFJ Financial Group by 15.7% in 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 during the last quarter. Artemis Investment Management LLP bought a new position in Mitsubishi UFJ Financial Group in the 4th quarter valued at approximately $10,880,000. BNP Paribas Financial Markets lifted its stake in Mitsubishi UFJ Financial Group by 140.9% in the 3rd quarter. BNP Paribas Financial Markets now owns 514,746 shares of the company’s stock valued at $5,240,000 after purchasing an additional 301,065 shares during the last quarter. Quantinno Capital Management LP boosted its position in Mitsubishi UFJ Financial Group by 31.6% in the third quarter. Quantinno Capital Management LP now owns 797,543 shares of the company’s stock valued at $8,119,000 after buying an additional 191,368 shares in the last quarter. Finally, Cerity Partners LLC grew its stake in shares of Mitsubishi UFJ Financial Group by 30.2% during the third quarter. Cerity Partners LLC now owns 818,014 shares of the company’s stock worth $8,327,000 after buying an additional 189,887 shares during the last quarter. Institutional investors own 13.59% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com upgraded Mitsubishi UFJ Financial Group from a “sell” rating to a “hold” rating in a research note on Saturday, November 23rd.

Mitsubishi UFJ Financial Group Price Performance

Mitsubishi UFJ Financial Group stock opened at $12.35 on Thursday. The stock has a 50-day moving average price of $12.07 and a two-hundred day moving average price of $11.15. Mitsubishi UFJ Financial Group, Inc. has a 12 month low of $8.75 and a 12 month high of $12.96. The company has a market capitalization of $149.04 billion, a PE ratio of 11.33, a P/E/G ratio of 1.13 and a beta of 0.61. The company has a current ratio of 0.90, a quick ratio of 0.92 and a debt-to-equity ratio of 2.06.

Mitsubishi UFJ Financial Group (NYSE:MUFG) last issued its quarterly earnings data on Tuesday, February 4th. The company reported $0.28 earnings per share (EPS) for the quarter, beating 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%. Analysts expect that Mitsubishi UFJ Financial Group, Inc. will post 0.99 EPS for the current 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.