US Bancorp DE Raises Stock Position in Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG)

US Bancorp DE raised its stake in Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG) by 23.5% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 330,576 shares of the company’s stock after buying an additional 62,887 shares during the quarter. US Bancorp DE’s holdings in Mitsubishi UFJ Financial Group were worth $3,874,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Barclays PLC purchased a new position in shares of Mitsubishi UFJ Financial Group during the 3rd quarter worth approximately $752,000. Fisher Asset Management LLC increased its stake in shares of 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 worth $79,947,000 after purchasing an additional 1,067,409 shares in the last quarter. Crossmark Global Holdings Inc. increased its stake in shares of Mitsubishi UFJ Financial Group by 23.4% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 866,032 shares of the company’s stock worth $8,816,000 after purchasing an additional 164,206 shares in the last quarter. Custom Index Systems LLC purchased a new position in shares of Mitsubishi UFJ Financial Group during the 4th quarter worth approximately $281,000. Finally, Synovus Financial Corp increased its stake in shares of Mitsubishi UFJ Financial Group by 24.4% during the 3rd quarter. Synovus Financial Corp now owns 301,550 shares of the company’s stock worth $3,070,000 after purchasing an additional 59,053 shares in the last quarter. 13.59% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, StockNews.com raised shares of Mitsubishi UFJ Financial Group from a “sell” rating to a “hold” rating in a research note on Wednesday.

Mitsubishi UFJ Financial Group Stock Up 2.3 %

MUFG stock opened at $13.04 on Thursday. The stock has a market capitalization of $157.30 billion, a P/E ratio of 11.96, a PEG ratio of 1.16 and a beta of 0.60. The company has a debt-to-equity ratio of 2.06, a quick ratio of 0.92 and a current ratio of 0.90. Mitsubishi UFJ Financial Group, Inc. has a one year low of $8.75 and a one year high of $13.34. The company has a 50 day moving average price of $12.39 and a two-hundred day moving average price of $11.45.

Mitsubishi UFJ Financial Group (NYSE:MUFG) last released its earnings results on Tuesday, February 4th. The company reported $0.28 EPS for the quarter, topping the consensus estimate 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%. As a group, sell-side analysts expect that Mitsubishi UFJ Financial Group, Inc. will post 0.99 EPS for the current year.

About Mitsubishi UFJ Financial Group

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.