American Century Companies Inc. Buys 96,645 Shares of Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG)

American Century Companies Inc. lifted its stake in shares of Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG) by 6.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,666,310 shares of the company’s stock after acquiring an additional 96,645 shares during the period. American Century Companies Inc.’s holdings in Mitsubishi UFJ Financial Group were worth $17,996,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Russell Investments Group Ltd. raised its position in Mitsubishi UFJ Financial Group by 19.3% in the 4th quarter. Russell Investments Group Ltd. now owns 23,179 shares of the company’s stock valued at $200,000 after buying an additional 3,753 shares during the last quarter. Principal Securities Inc. acquired a new stake in shares of Mitsubishi UFJ Financial Group in the fourth quarter valued at approximately $32,000. BNP Paribas Financial Markets raised its holdings in shares of Mitsubishi UFJ Financial Group by 48.3% in the fourth quarter. BNP Paribas Financial Markets now owns 155,939 shares of the company’s stock valued at $1,343,000 after purchasing an additional 50,758 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Mitsubishi UFJ Financial Group by 0.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 5,873,087 shares of the company’s stock worth $50,567,000 after purchasing an additional 53,757 shares in the last quarter. Finally, Janney Montgomery Scott LLC boosted its holdings in Mitsubishi UFJ Financial Group by 6.7% during the fourth quarter. Janney Montgomery Scott LLC now owns 96,237 shares of the company’s stock worth $828,000 after purchasing an additional 6,001 shares during the last quarter. 13.59% of the stock is currently owned by institutional investors and hedge funds.

Mitsubishi UFJ Financial Group Stock Up 1.1 %

Shares of MUFG stock opened at $10.44 on Friday. The firm’s fifty day moving average price is $10.49 and its two-hundred day moving average price is $10.37. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 2.25. Mitsubishi UFJ Financial Group, Inc. has a 1 year low of $7.89 and a 1 year high of $11.72. The firm has a market capitalization of $122.42 billion, a P/E ratio of 12.00, a PEG ratio of 0.88 and a beta of 0.60.

Mitsubishi UFJ Financial Group (NYSE:MUFG) last released its earnings results on Thursday, August 1st. The company reported $0.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.27 by $0.03. Mitsubishi UFJ Financial Group had a return on equity of 7.46% and a net margin of 11.73%. The business had revenue of $22.61 billion for the quarter. On average, equities analysts predict that Mitsubishi UFJ Financial Group, Inc. will post 0.88 EPS for the current fiscal year.

About Mitsubishi UFJ Financial Group

Mitsubishi UFJ Financial Group, Inc operates as the bank holding company for MUFG Bank, Ltd. that provides various financial services in Japan, the United States, Europe, Asia/Oceania, and internationally. It operates through Digital Service Business Group; Retail & Commercial Banking Business Group; Japanese Corporate & Investment Banking Business Group; Asset Management & Investor Services Business Group; Global Corporate & Investment Banking Business Group; Global Commercial Banking Business Group; and Global Markets Business Group segments.