Charles Schwab Investment Management Inc. Boosts Stake in Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG)

Charles Schwab Investment Management Inc. raised its holdings in Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG - Free Report) by 19.6% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 836,827 shares of the company's stock after acquiring an additional 137,182 shares during the period. Charles Schwab Investment Management Inc.'s holdings in Mitsubishi UFJ Financial Group were worth $9,808,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Barclays PLC purchased a new position in shares of Mitsubishi UFJ Financial Group in the third quarter worth about $752,000. Fisher Asset Management LLC increased its stake in Mitsubishi UFJ Financial Group by 15.7% in the 3rd quarter. Fisher Asset Management LLC now owns 7,853,310 shares of the company's stock worth $79,947,000 after purchasing an additional 1,067,409 shares during the period. Custom Index Systems LLC bought a new stake in Mitsubishi UFJ Financial Group in the fourth quarter valued at approximately $281,000. Synovus Financial Corp boosted its stake in shares of Mitsubishi UFJ Financial Group by 24.4% during the third quarter. Synovus Financial Corp now owns 301,550 shares of the company's stock valued at $3,070,000 after purchasing an additional 59,053 shares during the period. Finally, JPMorgan Chase & Co. grew its holdings in shares of Mitsubishi UFJ Financial Group by 41.7% in the third quarter. JPMorgan Chase & Co. now owns 258,298 shares of the company's stock worth $2,629,000 after purchasing an additional 75,997 shares during the last quarter. Hedge funds and other institutional investors own 13.59% of the company's stock.

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Mitsubishi UFJ Financial Group Trading Down 1.9 %

Mitsubishi UFJ Financial Group stock traded down $0.29 during mid-day trading on Wednesday, reaching $14.37. 10,281,920 shares of the company traded hands, compared to its average volume of 3,051,027. 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, Inc. has a 52-week low of $8.75 and a 52-week high of $15.03. The firm has a market capitalization of $173.35 billion, a price-to-earnings ratio of 13.18, a P/E/G ratio of 1.16 and a beta of 0.60. The firm's 50 day moving average price is $12.93 and its 200 day moving average price is $11.78.

Mitsubishi UFJ Financial Group (NYSE:MUFG - Get Free Report) last announced its earnings results on Tuesday, February 4th. The company reported $0.28 earnings per share (EPS) for the quarter, topping 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, analysts anticipate 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 downgraded Mitsubishi UFJ Financial Group from a "hold" rating to a "sell" rating in a report on Monday.

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.