Raymond James Financial Inc. Buys 282,644 Shares of Mitsubishi UFJ Financial Group, Inc. $MUFG

Key Points

• Raymond James Financial Inc. has increased its stake in Mitsubishi UFJ Financial Group by 11.3%, now holding 2,778,517 shares valued at approximately $37.87 million.
• Mitsubishi UFJ Financial Group reported earnings of $0.32 per share for the last quarter, exceeding estimates of $0.29, with projected earnings of $0.99 for the current fiscal year.
• Analysts recently upgraded the stock from a "sell" to a "hold" rating, indicating a shift in market sentiment towards the company.

Raymond James Financial Inc. raised its stake in shares of Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG - Free Report) by 11.3% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,778,517 shares of the company's stock after purchasing an additional 282,644 shares during the quarter. Raymond James Financial Inc.'s holdings in Mitsubishi UFJ Financial Group were worth $37,871,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. Commerce Bank boosted its holdings in shares of Mitsubishi UFJ Financial Group by 5.3% in the 1st quarter. Commerce Bank now owns 17,478 shares of the company's stock worth $238,000 after purchasing an additional 878 shares in the last quarter. Alaethes Wealth LLC boosted its stake in Mitsubishi UFJ Financial Group by 0.4% in the fourth quarter. Alaethes Wealth LLC now owns 214,817 shares of the company's stock worth $2,518,000 after buying an additional 951 shares in the last quarter. May Hill Capital LLC grew its position in Mitsubishi UFJ Financial Group by 9.3% during the first quarter. May Hill Capital LLC now owns 11,258 shares of the company's stock valued at $153,000 after acquiring an additional 961 shares during the last quarter. Lindbrook Capital LLC grew its position in Mitsubishi UFJ Financial Group by 3.2% during the first quarter. Lindbrook Capital LLC now owns 31,495 shares of the company's stock valued at $429,000 after acquiring an additional 983 shares during the last quarter. Finally, Wedmont Private Capital raised its stake in shares of Mitsubishi UFJ Financial Group by 3.9% during the first quarter. Wedmont Private Capital now owns 29,658 shares of the company's stock worth $404,000 after acquiring an additional 1,126 shares in the last quarter. Hedge funds and other institutional investors own 13.59% of the company's stock.

Mitsubishi UFJ Financial Group Trading Up 0.8%

Mitsubishi UFJ Financial Group stock traded up $0.13 during trading hours on Thursday, reaching $15.41. The stock had a trading volume of 643,509 shares, compared to its average volume of 5,806,549. The stock has a market cap of $185.90 billion, a PE ratio of 14.26, a PEG ratio of 1.42 and a beta of 0.42. Mitsubishi UFJ Financial Group, Inc. has a 52 week low of $9.85 and a 52 week high of $16.16. The company has a debt-to-equity ratio of 1.86, a current ratio of 0.89 and a quick ratio of 0.89. The company has a fifty day simple moving average of $14.21 and a 200-day simple moving average of $13.40.

Mitsubishi UFJ Financial Group (NYSE:MUFG - Get Free Report) last issued its quarterly earnings data on Monday, August 4th. The company reported $0.32 EPS for the quarter, beating the consensus estimate of $0.29 by $0.03. The firm had revenue of $22.10 billion during the quarter, compared to the consensus estimate of $9.86 billion. Mitsubishi UFJ Financial Group had a net margin of 13.95% and a return on equity of 9.35%. Analysts forecast that Mitsubishi UFJ Financial Group, Inc. will post 0.99 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

MUFG has been the subject of a number of research reports. Wall Street Zen raised 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 note on Tuesday. One research analyst has rated the stock with a Strong Buy rating, Based on data from MarketBeat, Mitsubishi UFJ Financial Group currently 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.