US Bancorp DE Increases Stock Holdings in Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG)

US Bancorp DE grew its position in shares of Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG - Free Report) by 23.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 330,576 shares of the company's stock after purchasing an additional 62,887 shares during the quarter. US Bancorp DE's holdings in Mitsubishi UFJ Financial Group were worth $3,874,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the company. Whipplewood Advisors LLC bought a new position in shares of Mitsubishi UFJ Financial Group during the fourth quarter worth about $29,000. Sierra Ocean LLC bought a new position in shares of Mitsubishi UFJ Financial Group during the fourth quarter worth about $62,000. Venturi Wealth Management LLC raised its position in shares of Mitsubishi UFJ Financial Group by 72.8% during the third quarter. Venturi Wealth Management LLC now owns 5,292 shares of the company's stock worth $54,000 after acquiring an additional 2,229 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new position in shares of Mitsubishi UFJ Financial Group during the third quarter worth about $55,000. Finally, Versant Capital Management Inc bought a new position in shares of Mitsubishi UFJ Financial Group during the fourth quarter worth about $71,000. 13.59% of the stock is owned by institutional investors and hedge funds.

Mitsubishi UFJ Financial Group Trading Up 0.4 %

MUFG stock traded up $0.05 during mid-day trading on Friday, reaching $13.02. The company's stock had a trading volume of 3,881,008 shares, compared to its average volume of 2,383,148. The company has a market cap of $157.07 billion, a price-to-earnings ratio of 11.94, a price-to-earnings-growth ratio of 1.16 and a beta of 0.60. The business's 50 day moving average price is $12.44 and its 200 day moving average price is $11.48. The company has a current ratio of 0.90, a quick ratio of 0.92 and a debt-to-equity ratio of 2.06. Mitsubishi UFJ Financial Group, Inc. has a 12 month low of $8.75 and a 12 month high of $13.34.

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Mitsubishi UFJ Financial Group (NYSE:MUFG - Get Free Report) last issued 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%. On average, equities research analysts predict that Mitsubishi UFJ Financial Group, Inc. will post 0.99 EPS for the current year.

Wall Street Analysts Forecast Growth

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

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.