Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG) Shares Purchased by US Bancorp DE

Key Points

• US Bancorp DE increased its holdings in Mitsubishi UFJ Financial Group by 12.5% during Q1, owning a total of 371,814 shares valued at approximately $5,068,000.
• Other institutional investors, including Empirical Financial Services and Natixis Advisors, have also made significant investments, contributing to a total of 13.59% institutional ownership of Mitsubishi UFJ Financial Group's stock.
• Mitsubishi UFJ Financial Group reported $0.32 EPS for the last quarter, surpassing analyst expectations, with projected earnings of 0.99 EPS for the current year.

US Bancorp DE grew its holdings in shares of Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG - Free Report) by 12.5% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 371,814 shares of the company's stock after purchasing an additional 41,238 shares during the quarter. US Bancorp DE's holdings in Mitsubishi UFJ Financial Group were worth $5,068,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in MUFG. Wealth Enhancement Advisory Services LLC purchased a new position in shares of Mitsubishi UFJ Financial Group in the 1st quarter worth $143,000. Allspring Global Investments Holdings LLC increased its holdings in Mitsubishi UFJ Financial Group by 5.6% in the 1st 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 in the last quarter. Nisa Investment Advisors LLC acquired a new stake in shares of Mitsubishi UFJ Financial Group during the first quarter valued at about $41,000. Sowell Financial Services LLC acquired a new stake in shares of Mitsubishi UFJ Financial Group during the first quarter valued at about $183,000. Finally, Rockefeller Capital Management L.P. grew its stake in Mitsubishi UFJ Financial Group by 182.6% in the fourth quarter. Rockefeller Capital Management L.P. now owns 152,526 shares of the company's stock worth $1,787,000 after purchasing an additional 98,562 shares in the last quarter. Hedge funds and other institutional investors own 13.59% of the company's stock.

Mitsubishi UFJ Financial Group Stock Performance

Shares of MUFG traded up $0.17 during mid-day trading on Friday, reaching $14.55. 2,501,223 shares of the company's stock traded hands, compared to its average volume of 3,747,974. The business's 50-day moving average price is $13.79 and its 200-day moving average price is $13.15. The stock has a market capitalization of $175.59 billion, a P/E ratio of 13.47, a price-to-earnings-growth ratio of 1.41 and a beta of 0.42. The company has a debt-to-equity ratio of 1.86, a quick ratio of 1.01 and a current ratio of 0.89. Mitsubishi UFJ Financial Group, Inc. has a 12 month low of $9.54 and a 12 month high of $15.03.

Mitsubishi UFJ Financial Group (NYSE:MUFG - Get Free Report) last released its quarterly earnings results on Monday, August 4th. The company reported $0.32 earnings per share for the quarter, beating analysts' consensus estimates of $0.29 by $0.03. The company had revenue of $22.10 billion for the quarter, compared to analysts' expectations of $9.86 billion. Mitsubishi UFJ Financial Group had a return on equity of 9.35% and a net margin of 13.95%. Equities analysts predict that Mitsubishi UFJ Financial Group, Inc. will post 0.99 earnings per share for the current year.

Wall Street Analysts Forecast Growth

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

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.