Charles Schwab Investment Management Inc. Buys 195,227 Shares of Mitsubishi UFJ Financial Group, Inc. $MUFG

Key Points

• Charles Schwab Investment Management Inc. raised its stake in Mitsubishi UFJ Financial Group by 23.3%, owning over 1 million shares worth approximately $14 million as of the end of the first quarter.
• Mitsubishi UFJ reported earnings of $0.32 per share, surpassing expectations, with revenues reaching $22.1 billion during the last quarter.
• Analysts recently upgraded Mitsubishi UFJ from a “sell” to a “hold” rating, reflecting a more favorable outlook for the company.

Charles Schwab Investment Management Inc. increased its holdings in Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG - Free Report) by 23.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,032,054 shares of the company's stock after purchasing an additional 195,227 shares during the quarter. Charles Schwab Investment Management Inc.'s holdings in Mitsubishi UFJ Financial Group were worth $14,067,000 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. Nisa Investment Advisors LLC bought a new stake in shares of Mitsubishi UFJ Financial Group in the 1st quarter worth approximately $41,000. Financial Management Professionals Inc. raised its holdings in shares of Mitsubishi UFJ Financial Group by 116.7% during the first quarter. Financial Management Professionals Inc. now owns 3,257 shares of the company's stock valued at $44,000 after acquiring an additional 1,754 shares during the period. Olde Wealth Management LLC acquired a new stake in shares of Mitsubishi UFJ Financial Group during the first quarter valued at approximately $87,000. Cary Street Partners Financial LLC acquired a new stake in shares of Mitsubishi UFJ Financial Group during the fourth quarter valued at approximately $98,000. Finally, Paradigm Asset Management Co. LLC acquired a new stake in shares of Mitsubishi UFJ Financial Group during the first quarter valued at approximately $122,000. 13.59% of the stock is currently owned by institutional investors.

Mitsubishi UFJ Financial Group Price Performance

Shares of Mitsubishi UFJ Financial Group stock traded up $0.14 during mid-day trading on Thursday, reaching $15.42. 1,670,240 shares of the stock were exchanged, compared to its average volume of 5,812,502. Mitsubishi UFJ Financial Group, Inc. has a fifty-two week low of $9.85 and a fifty-two week high of $16.16. The firm has a 50-day simple moving average of $14.21 and a 200 day simple moving average of $13.40. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 1.86. The company has a market cap of $186.02 billion, a price-to-earnings ratio of 14.27, a price-to-earnings-growth ratio of 1.42 and a beta of 0.42.

Mitsubishi UFJ Financial Group (NYSE:MUFG - Get Free Report) last issued its earnings results on Monday, August 4th. The company reported $0.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.29 by $0.03. Mitsubishi UFJ Financial Group had a net margin of 13.95% and a return on equity of 9.35%. The company had revenue of $22.10 billion for the quarter, compared to analyst estimates of $9.86 billion. On average, sell-side analysts predict that Mitsubishi UFJ Financial Group, Inc. will post 0.99 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on MUFG shares. Wall Street Zen upgraded shares of Mitsubishi UFJ Financial Group from a "sell" rating to a "hold" rating in a research note on Saturday, August 9th. Zacks Research raised shares of Mitsubishi UFJ Financial Group from a "hold" rating to a "strong-buy" rating in a research report on Tuesday. One analyst has rated the stock with a Strong Buy rating, Based on data from MarketBeat, Mitsubishi UFJ Financial Group has an average rating of "Strong Buy".

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.