Northern Trust Corp Purchases 3,342,330 Shares of Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG)

Northern Trust Corp lifted its position in shares of Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG - Free Report) by 46.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,522,079 shares of the company's stock after purchasing an additional 3,342,330 shares during the quarter. Northern Trust Corp owned 0.09% of Mitsubishi UFJ Financial Group worth $123,319,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Eagle Bay Advisors LLC boosted its position in shares of Mitsubishi UFJ Financial Group by 9.3% during the fourth quarter. Eagle Bay Advisors LLC now owns 10,094 shares of the company's stock worth $118,000 after buying an additional 858 shares during the period. Franklin Resources Inc. raised its holdings in shares of Mitsubishi UFJ Financial Group by 1.9% in the third quarter. Franklin Resources Inc. now owns 49,208 shares of the company's stock valued at $526,000 after purchasing an additional 938 shares during the last quarter. OLD National Bancorp IN boosted its holdings in Mitsubishi UFJ Financial Group by 5.1% during the fourth quarter. OLD National Bancorp IN now owns 19,841 shares of the company's stock worth $233,000 after purchasing an additional 955 shares during the last quarter. EntryPoint Capital LLC grew its position in Mitsubishi UFJ Financial Group by 6.9% in the fourth quarter. EntryPoint Capital LLC now owns 15,595 shares of the company's stock valued at $183,000 after purchasing an additional 1,002 shares in the last quarter. Finally, Private Advisor Group LLC lifted its position in Mitsubishi UFJ Financial Group by 1.6% during the 4th quarter. Private Advisor Group LLC now owns 66,349 shares of the company's stock worth $778,000 after buying an additional 1,040 shares in the last quarter. Institutional investors and hedge funds own 13.59% of the company's stock.

Mitsubishi UFJ Financial Group Stock Performance

MUFG stock traded up $0.16 during trading hours on Thursday, reaching $12.42. The stock had a trading volume of 2,571,146 shares, compared to its average volume of 3,795,461. The stock has a market capitalization of $149.82 billion, a PE ratio of 11.39, a price-to-earnings-growth ratio of 1.16 and a beta of 0.39. The stock has a 50-day simple moving average of $12.69 and a 200 day simple moving average of $12.18. Mitsubishi UFJ Financial Group, Inc. has a fifty-two week low of $8.75 and a fifty-two week high of $15.03. The company has a debt-to-equity ratio of 2.06, a current ratio of 0.90 and a quick ratio of 0.92.

Mitsubishi UFJ Financial Group (NYSE:MUFG - Get Free Report) last released its quarterly earnings data on Tuesday, February 4th. The company reported $0.28 EPS for the quarter, topping analysts' consensus estimates of $0.19 by $0.09. Mitsubishi UFJ Financial Group had a net margin of 14.19% and a return on equity of 9.27%. Analysts predict that Mitsubishi UFJ Financial Group, Inc. will post 0.99 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut Mitsubishi UFJ Financial Group from a "hold" rating to a "sell" rating in a research report on Thursday, May 1st.

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.