Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG) Shares Purchased by Bank of Montreal Can

Bank of Montreal Can grew its stake in shares of Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG - Free Report) by 47.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 103,952 shares of the company's stock after buying an additional 33,220 shares during the period. Bank of Montreal Can's holdings in Mitsubishi UFJ Financial Group were worth $1,218,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in MUFG. Quadrant Capital Group LLC grew its holdings in Mitsubishi UFJ Financial Group by 1.2% in the fourth quarter. Quadrant Capital Group LLC now owns 112,554 shares of the company's stock worth $1,319,000 after purchasing an additional 1,306 shares during the last quarter. Russell Investments Group Ltd. raised its position 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 purchasing an additional 19,705 shares during the last quarter. Envestnet Asset Management Inc. boosted its stake in Mitsubishi UFJ Financial Group by 7.0% during the 4th quarter. Envestnet Asset Management Inc. now owns 4,806,932 shares of the company's stock worth $56,337,000 after purchasing an additional 313,851 shares during the last quarter. Wells Fargo & Company MN increased its holdings in shares of Mitsubishi UFJ Financial Group by 9.8% in the fourth quarter. Wells Fargo & Company MN now owns 2,556,797 shares of the company's stock valued at $29,966,000 after purchasing an additional 228,971 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA raised its stake in Mitsubishi UFJ Financial Group by 5.0% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 837,745 shares of the company's stock worth $9,818,000 after purchasing an additional 39,598 shares during the period. 13.59% of the stock is owned by institutional investors.

Mitsubishi UFJ Financial Group Stock Performance

Shares of NYSE MUFG traded up $0.12 during midday trading on Thursday, reaching $12.20. 3,029,695 shares of the company were exchanged, compared to its average volume of 3,678,277. The stock has a market cap of $147.17 billion, a P/E ratio of 11.19, a PEG ratio of 1.16 and a beta of 0.39. The stock has a fifty day simple moving average of $12.79 and a 200 day simple moving average of $12.05. 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 1 year low of $8.75 and a 1 year high of $15.03.

Mitsubishi UFJ Financial Group (NYSE:MUFG - Get Free Report) last issued its quarterly earnings results on Tuesday, February 4th. The company reported $0.28 earnings per share for the quarter, beating the consensus estimate of $0.19 by $0.09. Mitsubishi UFJ Financial Group had a return on equity of 9.27% and a net margin of 14.19%. On average, research analysts forecast that Mitsubishi UFJ Financial Group, Inc. will post 0.99 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded Mitsubishi UFJ Financial Group from a "sell" rating to a "hold" rating in a report on Friday, April 18th.

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.