Raymond James Financial Inc. Acquires Shares of 2,495,873 Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG)

Raymond James Financial Inc. acquired a new stake in Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 2,495,873 shares of the company's stock, valued at approximately $29,252,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Barclays PLC bought a new position in shares of Mitsubishi UFJ Financial Group in the 3rd quarter valued at $752,000. Custom Index Systems LLC acquired a new position in Mitsubishi UFJ Financial Group in the 4th quarter worth about $281,000. Synovus Financial Corp raised its position in Mitsubishi UFJ Financial Group by 24.4% in 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 last quarter. JPMorgan Chase & Co. boosted its stake in shares of Mitsubishi UFJ Financial Group by 41.7% during the third quarter. JPMorgan Chase & Co. now owns 258,298 shares of the company's stock valued at $2,629,000 after purchasing an additional 75,997 shares in the last quarter. Finally, Franklin Resources Inc. grew its holdings in shares of Mitsubishi UFJ Financial Group by 1.9% during the third quarter. Franklin Resources Inc. now owns 49,208 shares of the company's stock worth $526,000 after purchasing an additional 938 shares during the last quarter. Institutional investors and hedge funds own 13.59% of the company's stock.

Mitsubishi UFJ Financial Group Trading Up 2.5 %

Shares of NYSE:MUFG traded up $0.30 during mid-day trading on Friday, reaching $11.87. 4,910,499 shares of the company's stock were exchanged, compared to its average volume of 3,624,919. 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 twelve month low of $8.75 and a twelve month high of $15.03. The firm has a market capitalization of $143.18 billion, a price-to-earnings ratio of 10.89, a PEG ratio of 1.16 and a beta of 0.39. The business's fifty day moving average price is $12.83 and its 200-day moving average price is $12.02.

Mitsubishi UFJ Financial Group (NYSE:MUFG - Get Free Report) last announced its earnings results on Tuesday, February 4th. The company reported $0.28 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, research analysts predict that Mitsubishi UFJ Financial Group, Inc. will post 0.99 EPS for the current fiscal year.

Wall Street Analyst Weigh In

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

Mitsubishi UFJ Financial Group Company 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.