Blue Trust Inc. Raises Stake in Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG)

Blue Trust Inc. raised its position in shares of Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG - Free Report) by 21.5% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 152,762 shares of the company's stock after purchasing an additional 27,028 shares during the quarter. Blue Trust Inc.'s holdings in Mitsubishi UFJ Financial Group were worth $1,790,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Venturi Wealth Management LLC grew its stake in shares of Mitsubishi UFJ Financial Group by 72.8% in 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 period. Wilmington Savings Fund Society FSB bought a new stake in shares of Mitsubishi UFJ Financial Group in the third quarter worth approximately $55,000. Versant Capital Management Inc bought a new stake in shares of Mitsubishi UFJ Financial Group in the fourth quarter worth approximately $71,000. Eagle Bay Advisors LLC grew its stake in shares of Mitsubishi UFJ Financial Group by 9.3% in the fourth quarter. Eagle Bay Advisors LLC now owns 10,094 shares of the company's stock worth $118,000 after acquiring an additional 858 shares during the period. Finally, Veracity Capital LLC purchased a new position in shares of Mitsubishi UFJ Financial Group in the fourth quarter worth approximately $118,000. 13.59% of the stock is currently owned by institutional investors.

Mitsubishi UFJ Financial Group Stock Performance

Shares of MUFG traded up $0.39 on Tuesday, reaching $12.84. The company's stock had a trading volume of 3,637,263 shares, compared to its average volume of 2,894,045. The company has a debt-to-equity ratio of 2.04, a current ratio of 0.91 and a quick ratio of 0.92. The stock has a market capitalization of $154.89 billion, a P/E ratio of 12.58, a PEG ratio of 1.12 and a beta of 0.62. The stock's 50 day simple moving average is $11.89 and its two-hundred day simple moving average is $11.05. Mitsubishi UFJ Financial Group, Inc. has a 12-month low of $8.75 and a 12-month high of $12.96.

Analysts Set New Price Targets

Separately, StockNews.com raised shares of Mitsubishi UFJ Financial Group from a "sell" rating to a "hold" rating in a report on Saturday, November 23rd.

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.