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

Bank of Montreal Can increased its holdings in Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG - Free Report) by 47.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 103,952 shares of the company's stock after purchasing an additional 33,220 shares during the quarter. Bank of Montreal Can's holdings in Mitsubishi UFJ Financial Group were worth $1,218,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Whipplewood Advisors LLC purchased a new stake in Mitsubishi UFJ Financial Group during the fourth quarter valued at about $29,000. Wilmington Savings Fund Society FSB purchased a new stake in shares of Mitsubishi UFJ Financial Group in the third quarter worth approximately $55,000. Steward Partners Investment Advisory LLC lifted its position in Mitsubishi UFJ Financial Group by 33.9% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 5,056 shares of the company's stock worth $59,000 after buying an additional 1,279 shares in the last quarter. Sierra Ocean LLC acquired a new stake in Mitsubishi UFJ Financial Group during the fourth quarter valued at $62,000. Finally, Versant Capital Management Inc acquired a new stake in shares of Mitsubishi UFJ Financial Group during the 4th quarter valued at about $71,000. 13.59% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Mitsubishi UFJ Financial Group Stock Performance

MUFG opened at $11.87 on Friday. 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 company has a market cap of $143.18 billion, a PE ratio of 10.89, a price-to-earnings-growth ratio of 1.16 and a beta of 0.39. The stock has a 50-day moving average of $12.83 and a 200-day moving average of $12.01. Mitsubishi UFJ Financial Group, Inc. has a 52-week low of $8.75 and a 52-week high of $15.03.

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 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, equities research analysts forecast that Mitsubishi UFJ Financial Group, Inc. will post 0.99 earnings per share for the current fiscal year.

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.

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