5 Large-Cap Stocks Billionaires Like the Least

3. Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG)

Number of Billionaire Holders: 4

Based in Tokyo, Japan, Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG) is one of the world’s leading financial groups with a global network with over 2,000 locations in more than 50 markets including the Americas, Europe, the Middle East and Africa, Asia, and Oceania.

On November 14, Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG) released its financial results for six months ended September 30, 2023. Its ordinary income went up by 31% y-o-y to ¥5.7 trillion, while it reported a net income of ¥927 billion. It also increased annualized dividend payments to ¥41 from ¥32.

On December 4, Goldman Sachs analyst Makoto Kuroda maintained a ¥1,520 price target for Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG) with an unchanged ‘Buy’ rating. The stock is being added to the firm’s new “APAC Conviction List – Directors’ Cut”.