2,495,873 Shares in Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG) Purchased by Raymond James Financial Inc.

Raymond James Financial Inc. acquired a new stake in Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG - Free Report) in the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 2,495,873 shares of the company's stock, valued at approximately $29,252,000.

A number of other institutional investors also recently modified their holdings of the business. Janney Montgomery Scott LLC increased its holdings in Mitsubishi UFJ Financial Group by 12.5% in the 3rd quarter. Janney Montgomery Scott LLC now owns 118,568 shares of the company's stock worth $1,207,000 after purchasing an additional 13,196 shares in the last quarter. Assetmark Inc. increased its holdings in Mitsubishi UFJ Financial Group by 9.5% in the 3rd quarter. Assetmark Inc. now owns 46,058 shares of the company's stock worth $469,000 after purchasing an additional 3,997 shares in the last quarter. Venturi Wealth Management LLC increased its holdings in Mitsubishi UFJ Financial Group by 72.8% in the 3rd quarter. Venturi Wealth Management LLC now owns 5,292 shares of the company's stock worth $54,000 after purchasing an additional 2,229 shares in the last quarter. Oppenheimer Asset Management Inc. increased its holdings in Mitsubishi UFJ Financial Group by 2.0% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 68,398 shares of the company's stock worth $696,000 after purchasing an additional 1,336 shares in the last quarter. Finally, Huntington National Bank increased its holdings in Mitsubishi UFJ Financial Group by 13.3% in the 3rd quarter. Huntington National Bank now owns 15,104 shares of the company's stock worth $154,000 after purchasing an additional 1,770 shares in the last quarter. Institutional investors and hedge funds own 13.59% of the company's stock.

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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, March 5th.

Mitsubishi UFJ Financial Group Stock Up 3.0 %

Mitsubishi UFJ Financial Group stock traded up $0.42 during mid-day trading on Tuesday, reaching $14.28. The stock had a trading volume of 34,011,182 shares, compared to its average volume of 2,679,417. The company has a debt-to-equity ratio of 2.06, a quick ratio of 0.92 and a current ratio of 0.90. Mitsubishi UFJ Financial Group, Inc. has a fifty-two week low of $8.75 and a fifty-two week high of $14.39. The stock's 50-day simple moving average is $12.62 and its 200-day simple moving average is $11.61. The firm has a market capitalization of $172.27 billion, a PE ratio of 13.10, a price-to-earnings-growth ratio of 1.16 and a beta of 0.60.

Mitsubishi UFJ Financial Group (NYSE:MUFG - Get Free Report) last announced its quarterly earnings data on Tuesday, February 4th. The company reported $0.28 EPS for the quarter, beating 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, sell-side analysts forecast that Mitsubishi UFJ Financial Group, Inc. will post 0.99 EPS 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.