Choate Investment Advisors Invests $229,000 in Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG)

Choate Investment Advisors acquired a new position in shares of Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG) in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 19,515 shares of the company’s stock, valued at approximately $229,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Whipplewood Advisors LLC acquired a new stake in shares of Mitsubishi UFJ Financial Group during the 4th quarter worth $29,000. Wilmington Savings Fund Society FSB purchased a new position in Mitsubishi UFJ Financial Group in the third quarter valued at approximately $55,000. Steward Partners Investment Advisory LLC lifted its position in Mitsubishi UFJ Financial Group by 33.9% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 5,056 shares of the company’s stock valued at $59,000 after buying an additional 1,279 shares in the last quarter. Sierra Ocean LLC acquired a new position in Mitsubishi UFJ Financial Group during the fourth quarter valued at approximately $62,000. Finally, Versant Capital Management Inc acquired a new position in Mitsubishi UFJ Financial Group during the fourth quarter valued at approximately $71,000. 13.59% of the stock is currently owned by institutional investors and hedge funds.

Mitsubishi UFJ Financial Group Trading Up 1.4 %

Shares of MUFG stock opened at $13.86 on Tuesday. The stock has a market cap of $167.20 billion, a price-to-earnings ratio of 12.71, a price-to-earnings-growth ratio of 1.16 and a beta of 0.60. The company has a quick ratio of 0.92, a current ratio of 0.90 and a debt-to-equity ratio of 2.06. Mitsubishi UFJ Financial Group, Inc. has a fifty-two week low of $8.75 and a fifty-two week high of $14.21. The firm’s 50 day moving average price is $12.62 and its two-hundred day moving average price is $11.61.

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

Analysts Set New Price Targets

Separately, StockNews.com raised 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.