Raymond James Financial Inc. Invests $29.25 Million in Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG)

Raymond James Financial Inc. bought a new position in Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 2,495,873 shares of the company's stock, valued at approximately $29,252,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of MUFG. Renaissance Technologies LLC grew its stake in 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 last quarter. Bank of Montreal Can grew its position in shares of Mitsubishi UFJ Financial Group by 47.0% during the fourth quarter. Bank of Montreal Can now owns 103,952 shares of the company's stock worth $1,218,000 after acquiring an additional 33,220 shares during the last quarter. Quadrant Capital Group LLC increased its holdings in shares of Mitsubishi UFJ Financial Group by 1.2% in the 4th quarter. Quadrant Capital Group LLC now owns 112,554 shares of the company's stock worth $1,319,000 after acquiring an additional 1,306 shares during the period. Russell Investments Group Ltd. increased its holdings in shares of Mitsubishi UFJ Financial Group by 36.4% in the 4th quarter. Russell Investments Group Ltd. now owns 73,844 shares of the company's stock worth $865,000 after acquiring an additional 19,705 shares during the period. Finally, 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 valued at $56,337,000 after purchasing an additional 313,851 shares during the period. 13.59% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Mitsubishi UFJ Financial Group Price Performance

Mitsubishi UFJ Financial Group stock traded up $0.25 during trading hours on Wednesday, hitting $12.16. 2,182,704 shares of the company traded hands, compared to its average volume of 3,648,704. The firm's 50-day simple moving average is $12.81 and its two-hundred day simple moving average is $12.05. The firm has a market cap of $146.74 billion, a P/E ratio of 11.16, a P/E/G ratio of 1.16 and a beta of 0.39. Mitsubishi UFJ Financial Group, Inc. has a 1-year low of $8.75 and a 1-year high of $15.03. The company has a quick ratio of 0.92, a current ratio of 0.90 and a debt-to-equity ratio of 2.06.

Mitsubishi UFJ Financial Group (NYSE:MUFG - Get Free Report) last released its earnings results on Tuesday, February 4th. The company reported $0.28 earnings per share for the quarter, topping analysts' consensus estimates 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%. As a group, analysts forecast that Mitsubishi UFJ Financial Group, Inc. will post 0.99 earnings per share 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.