Townsquare Capital LLC Has $4.07 Million Position in Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG)

Key Points

• Townsquare Capital LLC increased its stake in Mitsubishi UFJ Financial Group by 19.1%, owning 298,272 shares valued at approximately $4.07 million after acquiring additional shares in the first quarter.
• Multiple hedge funds, including JPMorgan Chase & Co. and Bank of Montreal, have significantly boosted their positions in Mitsubishi UFJ Financial Group during the fourth quarter, indicating increased institutional interest.
• Analysts at Wall Street Zen have upgraded Mitsubishi UFJ Financial Group's stock rating from "sell" to "hold," reflecting a more favorable outlook on the company's performance.

Townsquare Capital LLC lifted its position in shares of Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG - Free Report) by 19.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 298,272 shares of the company's stock after purchasing an additional 47,735 shares during the period. Townsquare Capital LLC's holdings in Mitsubishi UFJ Financial Group were worth $4,065,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of MUFG. JPMorgan Chase & Co. increased its stake in shares of Mitsubishi UFJ Financial Group by 50.8% during the 4th quarter. JPMorgan Chase & Co. now owns 389,603 shares of the company's stock worth $4,566,000 after purchasing an additional 131,305 shares during the last quarter. Franklin Resources Inc. boosted its holdings in shares of Mitsubishi UFJ Financial Group by 5.4% during the 4th quarter. Franklin Resources Inc. now owns 51,864 shares of the company's stock worth $608,000 after buying an additional 2,656 shares during the period. Russell Investments Group Ltd. boosted its holdings in shares of Mitsubishi UFJ Financial Group by 36.4% during the 4th quarter. Russell Investments Group Ltd. now owns 73,844 shares of the company's stock worth $865,000 after buying an additional 19,705 shares during the period. Bank of Montreal Can boosted its holdings in shares of Mitsubishi UFJ Financial Group by 47.0% during the 4th quarter. Bank of Montreal Can now owns 103,952 shares of the company's stock worth $1,218,000 after buying an additional 33,220 shares during the period. Finally, Renaissance Technologies LLC boosted its holdings in shares of Mitsubishi UFJ Financial Group by 1.4% during the 4th quarter. Renaissance Technologies LLC now owns 561,631 shares of the company's stock worth $6,582,000 after buying an additional 7,720 shares during the period. 13.59% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, Wall Street Zen raised shares of Mitsubishi UFJ Financial Group from a "sell" rating to a "hold" rating in a report on Saturday, August 9th.

Mitsubishi UFJ Financial Group Stock Performance

NYSE MUFG traded up $0.54 during trading on Friday, reaching $15.88. The company's stock had a trading volume of 1,514,465 shares, compared to its average volume of 5,944,639. 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 firm has a market capitalization of $191.57 billion, a price-to-earnings ratio of 14.70, a price-to-earnings-growth ratio of 1.47 and a beta of 0.42. Mitsubishi UFJ Financial Group, Inc. has a 12 month low of $9.85 and a 12 month high of $16.16. The firm has a 50 day moving average price of $13.88 and a 200 day moving average price of $13.23.

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