Chevy Chase Trust Holdings LLC Has $84.48 Million Stock Holdings in Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG)

Chevy Chase Trust Holdings LLC lifted its stake in shares of Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG - Free Report) by 4.2% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,197,764 shares of the company's stock after purchasing an additional 247,508 shares during the quarter. Chevy Chase Trust Holdings LLC owned 0.05% of Mitsubishi UFJ Financial Group worth $84,476,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Whipplewood Advisors LLC bought a new position in Mitsubishi UFJ Financial Group in the fourth quarter valued at about $29,000. Financial Management Professionals Inc. raised its holdings in Mitsubishi UFJ Financial Group by 116.7% in the 1st quarter. Financial Management Professionals Inc. now owns 3,257 shares of the company's stock valued at $44,000 after buying an additional 1,754 shares during the last quarter. Steward Partners Investment Advisory LLC raised its holdings in Mitsubishi UFJ Financial Group by 33.9% in the 4th 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. Addison Advisors LLC grew its holdings in Mitsubishi UFJ Financial Group by 26.0% during 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, Cary Street Partners Financial LLC bought a new stake in Mitsubishi UFJ Financial Group during the 4th quarter worth approximately $98,000. 13.59% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen raised shares of Mitsubishi UFJ Financial Group from a "sell" rating to a "hold" rating in a research note on Saturday, June 14th.

Mitsubishi UFJ Financial Group Trading Up 0.5%

MUFG stock traded up $0.07 during trading on Friday, hitting $13.89. The company had a trading volume of 2,794,371 shares, compared to its average volume of 4,278,358. The business has a 50-day moving average of $13.24 and a 200-day moving average of $12.74. Mitsubishi UFJ Financial Group, Inc. has a one year low of $8.75 and a one year high of $15.03. The stock has a market cap of $167.56 billion, a PE ratio of 13.22, a PEG ratio of 0.92 and a beta of 0.42.

Mitsubishi UFJ Financial Group (NYSE:MUFG - Get Free Report) last posted its quarterly earnings data on Thursday, May 15th. The company reported $0.13 EPS for the quarter, beating analysts' consensus estimates of $0.03 by $0.10. Mitsubishi UFJ Financial Group had a net margin of 13.70% and a return on equity of 9.18%. The company had revenue of $22.91 billion for the quarter, compared to analyst estimates of $6.47 billion. Research analysts forecast that Mitsubishi UFJ Financial Group, Inc. will post 0.99 EPS for the current year.

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.