Ameriprise Financial Inc. Increases Stock Position in Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG)

Ameriprise Financial Inc. lifted its position in Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG - Free Report) by 9.5% in the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 262,837 shares of the company's stock after acquiring an additional 22,804 shares during the period. Ameriprise Financial Inc.'s holdings in Mitsubishi UFJ Financial Group were worth $3,081,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Whipplewood Advisors LLC bought a new stake in Mitsubishi UFJ Financial Group during the 4th quarter valued at about $29,000. Steward Partners Investment Advisory LLC grew its holdings in shares of 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 during the last quarter. Sierra Ocean LLC bought a new stake in shares of Mitsubishi UFJ Financial Group during the fourth quarter valued at approximately $62,000. Addison Advisors LLC raised its holdings in Mitsubishi UFJ Financial Group by 26.0% in the 4th quarter. Addison Advisors LLC now owns 6,129 shares of the company's stock worth $72,000 after acquiring an additional 1,263 shares during the last quarter. Finally, Golden State Wealth Management LLC bought a new position in Mitsubishi UFJ Financial Group in the 4th quarter valued at approximately $111,000. Hedge funds and other institutional investors own 13.59% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen raised Mitsubishi UFJ Financial Group from a "sell" rating to a "hold" rating in a report on Friday, May 16th.

Mitsubishi UFJ Financial Group Stock Performance

MUFG traded up $0.03 during midday trading on Thursday, hitting $13.73. 5,269,188 shares of the company traded hands, compared to its average volume of 4,077,024. The company's 50-day moving average is $12.68 and its 200 day moving average is $12.45. Mitsubishi UFJ Financial Group, Inc. has a 52 week low of $8.75 and a 52 week high of $15.03. The firm has a market capitalization of $165.63 billion, a PE ratio of 12.59, a price-to-earnings-growth ratio of 1.16 and a beta of 0.39. 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 (NYSE:MUFG - Get Free Report) last issued its earnings results on Thursday, May 15th. The company reported $0.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.03 by $0.10. The company had revenue of $22.91 billion for the quarter, compared to analysts' expectations of $6.47 billion. Mitsubishi UFJ Financial Group had a net margin of 14.19% and a return on equity of 9.27%. On average, research analysts expect that Mitsubishi UFJ Financial Group, Inc. will post 0.99 EPS for the current year.

Mitsubishi UFJ Financial Group Company 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.