Mitsubishi UFJ Financial Group, Inc. $MUFG Shares Bought by American Century Companies Inc.

Key Points

• American Century Companies Inc. increased its stake in Mitsubishi UFJ Financial Group by 3.9%, now holding 1,941,474 shares valued at approximately $26.46 million.
• Mitsubishi UFJ Financial Group recently reported $0.32 EPS for the last quarter, exceeding estimates of $0.29, with revenues reaching $22.10 billion.
• Analysts from Wall Street Zen upgraded the stock from a "sell" rating to a "hold" rating in early August.

American Century Companies Inc. raised its stake in Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG - Free Report) by 3.9% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,941,474 shares of the company's stock after purchasing an additional 73,277 shares during the period. American Century Companies Inc.'s holdings in Mitsubishi UFJ Financial Group were worth $26,462,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC purchased a new position in Mitsubishi UFJ Financial Group in the first quarter valued at about $143,000. Allspring Global Investments Holdings LLC grew its stake in Mitsubishi UFJ Financial Group by 5.6% in the first quarter. Allspring Global Investments Holdings LLC now owns 88,180 shares of the company's stock valued at $1,163,000 after purchasing an additional 4,664 shares during the last quarter. Nisa Investment Advisors LLC purchased a new position in Mitsubishi UFJ Financial Group in the first quarter valued at about $41,000. Sowell Financial Services LLC purchased a new position in Mitsubishi UFJ Financial Group in the first quarter valued at about $183,000. Finally, Cetera Investment Advisers grew its stake in Mitsubishi UFJ Financial Group by 10.9% in the first quarter. Cetera Investment Advisers now owns 141,984 shares of the company's stock valued at $1,935,000 after purchasing an additional 13,904 shares during the last quarter. Hedge funds and other institutional investors own 13.59% of the company's stock.

Analyst Ratings Changes

Separately, Wall Street Zen upgraded Mitsubishi UFJ Financial Group from a "sell" rating to a "hold" rating in a research note on Saturday, August 9th.

Mitsubishi UFJ Financial Group Stock Down 1.6%

Shares of MUFG stock traded down $0.26 during trading hours on Wednesday, reaching $15.29. 2,346,708 shares of the company's stock were exchanged, compared to its average volume of 5,831,446. Mitsubishi UFJ Financial Group, Inc. has a 1 year low of $9.85 and a 1 year high of $16.16. The stock has a market cap of $184.45 billion, a PE ratio of 14.14, a PEG ratio of 1.41 and a beta of 0.42. 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 stock's fifty day moving average price is $14.17 and its two-hundred day moving average price is $13.39.

Mitsubishi UFJ Financial Group (NYSE:MUFG - Get Free Report) last issued its quarterly earnings results on Monday, August 4th. The company reported $0.32 earnings per share for the quarter, topping analysts' consensus estimates of $0.29 by $0.03. The business had revenue of $22.10 billion for the quarter, compared to analyst estimates of $9.86 billion. Mitsubishi UFJ Financial Group had a return on equity of 9.35% and a net margin of 13.95%. Research analysts predict 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.