Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG) Shares Acquired by Massachusetts Financial Services Co. MA

Massachusetts Financial Services Co. MA lifted its stake in Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG - Free Report) by 27.6% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,068,575 shares of the company's stock after acquiring an additional 230,830 shares during the period. Massachusetts Financial Services Co. MA's holdings in Mitsubishi UFJ Financial Group were worth $14,565,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in MUFG. Charles Schwab Investment Management Inc. grew its holdings in Mitsubishi UFJ Financial Group by 19.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 836,827 shares of the company's stock worth $9,808,000 after purchasing an additional 137,182 shares during the last quarter. Commonwealth Equity Services LLC grew its holdings in Mitsubishi UFJ Financial Group by 6.7% in the fourth quarter. Commonwealth Equity Services LLC now owns 115,363 shares of the company's stock worth $1,352,000 after purchasing an additional 7,279 shares during the last quarter. Envestnet Portfolio Solutions Inc. grew its holdings in Mitsubishi UFJ Financial Group by 19.9% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 99,673 shares of the company's stock worth $1,168,000 after purchasing an additional 16,553 shares during the last quarter. Corient Private Wealth LLC grew its holdings in Mitsubishi UFJ Financial Group by 5.0% in the fourth quarter. Corient Private Wealth LLC now owns 120,358 shares of the company's stock worth $1,411,000 after purchasing an additional 5,783 shares during the last quarter. Finally, Whittier Trust Co. grew its holdings in Mitsubishi UFJ Financial Group by 50.5% in the fourth quarter. Whittier Trust Co. now owns 154,941 shares of the company's stock worth $1,816,000 after purchasing an additional 52,006 shares during the last quarter. 13.59% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

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

Mitsubishi UFJ Financial Group Price Performance

Shares of NYSE:MUFG traded up $0.87 during midday trading on Wednesday, hitting $14.55. The company had a trading volume of 4,446,776 shares, compared to its average volume of 4,420,902. Mitsubishi UFJ Financial Group, Inc. has a twelve month low of $8.75 and a twelve month high of $15.03. The company has a debt-to-equity ratio of 2.57, a current ratio of 1.01 and a quick ratio of 1.01. The stock has a market cap of $175.54 billion, a price-to-earnings ratio of 13.85, a price-to-earnings-growth ratio of 0.90 and a beta of 0.39. The business's 50-day simple moving average is $13.68 and its 200-day simple moving average is $12.98.

Mitsubishi UFJ Financial Group (NYSE:MUFG - Get Free Report) last released its quarterly earnings results on Thursday, May 15th. The company reported $0.13 EPS for the quarter, beating the consensus estimate of $0.03 by $0.10. The firm had revenue of $22.91 billion for the quarter, compared to analyst estimates of $6.47 billion. Mitsubishi UFJ Financial Group had a net margin of 13.70% and a return on equity of 9.45%. On average, research analysts predict that Mitsubishi UFJ Financial Group, Inc. will post 0.99 earnings per share 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.