Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG) Shares Purchased by Bank of New York Mellon Corp

Bank of New York Mellon Corp boosted its position in shares of Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG) by 17.7% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 1,090,733 shares of the company’s stock after acquiring an additional 164,011 shares during the quarter. Bank of New York Mellon Corp’s holdings in Mitsubishi UFJ Financial Group were worth $12,783,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in MUFG. Barclays PLC purchased a new stake in Mitsubishi UFJ Financial Group in the third quarter valued at approximately $752,000. Fisher Asset Management LLC lifted its stake in Mitsubishi UFJ Financial Group by 15.7% during the 3rd quarter. Fisher Asset Management LLC now owns 7,853,310 shares of the company’s stock valued at $79,947,000 after acquiring an additional 1,067,409 shares during the period. Custom Index Systems LLC purchased a new stake in shares of Mitsubishi UFJ Financial Group in the 4th quarter valued at $281,000. Synovus Financial Corp increased its stake in shares of Mitsubishi UFJ Financial Group by 24.4% in the third quarter. Synovus Financial Corp now owns 301,550 shares of the company’s stock worth $3,070,000 after acquiring an additional 59,053 shares during the period. Finally, JPMorgan Chase & Co. increased its stake in shares of Mitsubishi UFJ Financial Group by 41.7% in the third quarter. JPMorgan Chase & Co. now owns 258,298 shares of the company’s stock worth $2,629,000 after acquiring an additional 75,997 shares during the period. Hedge funds and other institutional investors own 13.59% of the company’s stock.

Mitsubishi UFJ Financial Group Stock Performance

Shares of MUFG stock opened at $13.08 on Thursday. Mitsubishi UFJ Financial Group, Inc. has a 52-week low of $8.75 and a 52-week high of $13.34. The company has a quick ratio of 0.92, a current ratio of 0.90 and a debt-to-equity ratio of 2.06. The stock has a market cap of $157.79 billion, a PE ratio of 12.00, a price-to-earnings-growth ratio of 1.16 and a beta of 0.60. The business has a 50-day simple moving average of $12.51 and a 200-day simple moving average of $11.53.

Mitsubishi UFJ Financial Group (NYSE:MUFG) last announced its quarterly earnings results on Tuesday, February 4th. The company reported $0.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.19 by $0.09. Mitsubishi UFJ Financial Group had a return on equity of 9.27% and a net margin of 14.19%. On average, equities analysts expect that Mitsubishi UFJ Financial Group, Inc. will post 0.99 EPS for the current year.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded shares of Mitsubishi UFJ Financial Group from a “sell” rating to a “hold” rating in a research report on Wednesday, March 5th.

Mitsubishi UFJ Financial Group Profile

Mitsubishi UFJ Financial Group, Inc operates as the 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 Service, Retail & Commercial Banking, Japanese Corporate & Investment Banking, Global Commercial Banking, Asset Management & Investor Services, Global Corporate & Investment Banking, and Global Markets.