Aristotle Capital Management Reduces $49M in Mitsubishi UFJ Financial Group, Inc. ($MUFG)
Key Points
- Aristotle Capital Management changed its Mitsubishi UFJ Financial Group, Inc. ($MUFG) stake by 4.5% last quarter, cutting to 51,456,385 shares worth $1.03 billion.
- Wall Street's consensus rating on $MUFG is Buy and an average price target of $20.12.
- $MUFG last traded around $20.08.
Aristotle Capital Management trimmed its position in Mitsubishi UFJ Financial Group, Inc. ($MUFG) by 4.5% during the most recent quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 51,456,385 shares of Mitsubishi UFJ Financial Group, Inc. after selling 2,423,630 shares during the quarter. Aristotle Capital Management's holdings in Mitsubishi UFJ Financial Group, Inc. were worth $1.03 billion as of its most recent filing.
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About Mitsubishi UFJ Financial Group, Inc.
Mitsubishi UFJ Financial Group, Inc. operates as a 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 Services, Retail & Commercial Banking, Japanese Corporate & Investment Banking, Global Commercial Banking, Asset Management & Investor Services, Global Corporate & Investment Banking, and Global Markets. The company offers commercial banking, trust banking, and securities products and services to retail and small-and medium-sized enterprise customers. It also provides mergers and acquisitions, debt and equity issuance, financial advice, and real estate-related services; credit cards; and trust banking and securities products and services, as well as engages in the lending, fund settlement, inheritance, asset management, business and asset succession solutions, and foreign exchange businesses. In addition, the company offers corporate banking services, such as project finance, export credit agency finance, and financing through asset-backed commercial paper; investment and transaction banking services for corporations, financial institutions, sovereign and multinational organizations, and institutional investors; and asset management and investor services, including pension fund management and administration, pension structure advisory, payments to beneficiaries, and investment trust services for retail customers. Further, it provides loans, deposits, fund transfers, hedging, and investment services, as well as corporate customers; finances for automotive and consumer goods; sells and trades in fixed-income instruments, currencies, equities, and equities; offers investment products comprising mutual funds, structured bonds, and notes; originates and distributes of financial products; and provides insurance and treasury services. Mitsubishi UFJ Financial Group, Inc. was founded in 1880 and is headquartered in Tokyo, Japan.
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