Wells Fargo & Company MN Purchases 228,971 Shares of Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG)

Wells Fargo & Company MN grew its holdings in Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG - Free Report) by 9.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 2,556,797 shares of the company's stock after purchasing an additional 228,971 shares during the quarter. Wells Fargo & Company MN's holdings in Mitsubishi UFJ Financial Group were worth $29,966,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of MUFG. Whipplewood Advisors LLC acquired a new position in shares of Mitsubishi UFJ Financial Group during the 4th quarter worth about $29,000. Steward Partners Investment Advisory LLC boosted 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 worth $59,000 after acquiring an additional 1,279 shares during the last quarter. Sierra Ocean LLC acquired a new position in Mitsubishi UFJ Financial Group during the fourth quarter valued at approximately $62,000. Wilmington Savings Fund Society FSB bought a new stake in Mitsubishi UFJ Financial Group in the third quarter valued at approximately $55,000. Finally, Versant Capital Management Inc acquired a new stake in Mitsubishi UFJ Financial Group in the fourth quarter worth $71,000. 13.59% of the stock is owned by institutional investors.

Mitsubishi UFJ Financial Group Trading Up 3.2 %

NYSE:MUFG traded up $0.38 on Thursday, reaching $11.95. The company's stock had a trading volume of 1,635,045 shares, compared to its average volume of 3,603,734. The firm has a market cap of $144.15 billion, a PE ratio of 10.99, a PEG ratio of 1.16 and a beta of 0.39. The company has a debt-to-equity ratio of 2.06, a quick ratio of 0.92 and a current ratio of 0.90. The business's 50-day moving average price is $12.85 and its two-hundred day moving average price is $11.99. 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 data on Tuesday, February 4th. The company reported $0.28 earnings per share (EPS) 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%. Equities research analysts anticipate that Mitsubishi UFJ Financial Group, Inc. will post 0.99 earnings per share for the current fiscal year.

Analyst Ratings Changes

Separately, StockNews.com raised shares of Mitsubishi UFJ Financial Group from a "sell" rating to a "hold" rating in a report on Wednesday, April 9th.

Mitsubishi UFJ Financial Group Company 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.