Massachusetts Financial Services Co. MA purchased a new position in shares of Mitsubishi UFJ Financial Group Inc (NYSE:MUFG) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 574,189 shares of the company’s stock, valued at approximately $3,554,000.
Other large investors have also recently made changes to their positions in the company. LPL Financial LLC acquired a new stake in Mitsubishi UFJ Financial Group during the first quarter worth about $103,000. Whittier Trust Co. of Nevada Inc. acquired a new stake in shares of Mitsubishi UFJ Financial Group in the third quarter valued at about $291,000. UBS Group AG acquired a new stake in shares of Mitsubishi UFJ Financial Group in the first quarter valued at about $728,000. BlackRock Inc. acquired a new stake in shares of Mitsubishi UFJ Financial Group in the first quarter valued at about $796,000. Finally, Confluence Investment Management LLC acquired a new stake in shares of Mitsubishi UFJ Financial Group in the second quarter valued at about $1,289,000. Institutional investors own 1.08% of the company’s stock.
MUFG stock opened at $5.98 on Friday. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.82. Mitsubishi UFJ Financial Group Inc has a 1 year low of $5.49 and a 1 year high of $8.11. The stock has a market capitalization of $79.74 billion, a PE ratio of 7.89, a P/E/G ratio of 2.07 and a beta of 1.56.
Separately, Daiwa Capital Markets upgraded Mitsubishi UFJ Financial Group from a “neutral” rating to an “outperform” rating in a research note on Monday, September 3rd.
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Mitsubishi UFJ Financial Group Profile
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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