Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG) Shares Acquired by Royal Bank of Canada

Royal Bank of Canada boosted its stake in Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG - Free Report) by 40.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 6,021,271 shares of the company's stock after acquiring an additional 1,731,873 shares during the quarter. Royal Bank of Canada's holdings in Mitsubishi UFJ Financial Group were worth $70,570,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of MUFG. Whipplewood Advisors LLC purchased a new stake in shares of Mitsubishi UFJ Financial Group during the fourth quarter worth about $29,000. Steward Partners Investment Advisory LLC grew its stake in Mitsubishi UFJ Financial Group by 33.9% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 5,056 shares of the company's stock valued at $59,000 after purchasing an additional 1,279 shares in the last quarter. Sierra Ocean LLC acquired a new stake in Mitsubishi UFJ Financial Group during the 4th quarter valued at approximately $62,000. Addison Advisors LLC increased 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 purchasing an additional 1,263 shares during the last quarter. Finally, Cary Street Partners Financial LLC acquired a new position in shares of Mitsubishi UFJ Financial Group in the 4th quarter valued at approximately $98,000. Hedge funds and other institutional investors own 13.59% of the company's stock.

Mitsubishi UFJ Financial Group Stock Down 0.8%

NYSE MUFG traded down $0.11 during trading hours on Monday, reaching $13.55. 9,060,002 shares of the company traded hands, compared to its average volume of 4,025,845. The stock has a market capitalization of $163.52 billion, a PE ratio of 12.43, a PEG ratio of 1.16 and a beta of 0.39. The company has a current ratio of 0.90, a quick ratio of 0.92 and a debt-to-equity ratio of 2.06. Mitsubishi UFJ Financial Group, Inc. has a 12 month low of $8.75 and a 12 month high of $15.03. The company has a 50 day moving average of $12.72 and a two-hundred day moving average of $12.42.

Mitsubishi UFJ Financial Group (NYSE:MUFG - Get Free Report) last issued its earnings results on Thursday, May 15th. The company reported $0.13 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.03 by $0.10. The business 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 14.19% and a return on equity of 9.27%. As a group, equities analysts expect that Mitsubishi UFJ Financial Group, Inc. will post 0.99 earnings per share for the current year.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen upgraded Mitsubishi UFJ Financial Group from a "sell" rating to a "hold" rating in a research note on Friday, May 16th.

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.