Mitsubishi UFJ Financial Group Inc (MTU) Stake Increased by Jarislowsky Fraser Ltd

Jarislowsky Fraser Ltd grew its stake in shares of Mitsubishi UFJ Financial Group Inc (NYSE:MTU) by 5.7% in the third quarter, according to the company in its most recent filing with the SEC. The firm owned 535,666 shares of the bank’s stock after acquiring an additional 29,073 shares during the quarter. Jarislowsky Fraser Ltd’s holdings in Mitsubishi UFJ Financial Group were worth $3,449,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Ballentine Partners LLC lifted its position in shares of Mitsubishi UFJ Financial Group by 21.2% during the 2nd quarter. Ballentine Partners LLC now owns 18,627 shares of the bank’s stock valued at $119,000 after acquiring an additional 3,263 shares during the period. Brandes Investment Partners LP lifted its position in shares of Mitsubishi UFJ Financial Group by 1.5% during the 2nd quarter. Brandes Investment Partners LP now owns 8,754,048 shares of the bank’s stock valued at $59,090,000 after acquiring an additional 130,176 shares during the period. Wells Fargo & Company MN lifted its position in shares of Mitsubishi UFJ Financial Group by 198.2% during the 2nd quarter. Wells Fargo & Company MN now owns 140,921 shares of the bank’s stock valued at $951,000 after acquiring an additional 93,664 shares during the period. BB&T Corp lifted its position in shares of Mitsubishi UFJ Financial Group by 9.7% during the 3rd quarter. BB&T Corp now owns 204,112 shares of the bank’s stock valued at $1,314,000 after acquiring an additional 18,049 shares during the period. Finally, Russell Investments Group Ltd. bought a new stake in shares of Mitsubishi UFJ Financial Group during the 2nd quarter valued at $277,000. Hedge funds and other institutional investors own 1.09% of the company’s stock.

MTU has been the subject of a number of recent analyst reports. Zacks Investment Research upgraded Mitsubishi UFJ Financial Group from a “hold” rating to a “buy” rating and set a $7.00 target price for the company in a research report on Thursday, September 14th. ValuEngine downgraded Mitsubishi UFJ Financial Group from a “strong-buy” rating to a “buy” rating in a research report on Friday, September 1st. Finally, BidaskClub downgraded Mitsubishi UFJ Financial Group from a “sell” rating to a “strong sell” rating in a research report on Tuesday, July 25th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $7.00.

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Mitsubishi UFJ Financial Group Inc (NYSE:MTU) opened at $6.51 on Tuesday. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.73. Mitsubishi UFJ Financial Group Inc has a fifty-two week low of $5.80 and a fifty-two week high of $7.01. The company has a market capitalization of $91,830.00, a price-to-earnings ratio of 9.21 and a beta of 1.66.

About Mitsubishi UFJ Financial Group

Mitsubishi UFJ Financial Group, Inc (MUFJ) is a bank holding company. The Company’s segments include Integrated Retail Banking Business Group, Integrated Corporate Banking Business Group, Integrated Trust Assets Business Group, Integrated Global Business Group and Krungsri. The Company’s services include commercial banking, trust banking, securities, credit cards, consumer finance, asset management, leasing and various fields of financial services.

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

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