Charles Schwab Investment Management Inc. Raises Stock Holdings in Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG)

Charles Schwab Investment Management Inc. raised its stake in shares of Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG) by 19.6% during the fourth quarter, Holdings Channel reports. The firm owned 836,827 shares of the company’s stock after buying an additional 137,182 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in Mitsubishi UFJ Financial Group were worth $9,808,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in MUFG. PNC Financial Services Group Inc. increased its position in Mitsubishi UFJ Financial Group by 2.0% during the 3rd quarter. PNC Financial Services Group Inc. now owns 301,488 shares of the company’s stock valued at $3,069,000 after purchasing an additional 5,805 shares during the period. Advisors Asset Management Inc. increased its position in Mitsubishi UFJ Financial Group by 14.9% during the 3rd quarter. Advisors Asset Management Inc. now owns 51,247 shares of the company’s stock valued at $522,000 after purchasing an additional 6,637 shares during the period. Eagle Asset Management Inc. increased its position in Mitsubishi UFJ Financial Group by 11.3% during the 3rd quarter. Eagle Asset Management Inc. now owns 63,142 shares of the company’s stock valued at $643,000 after purchasing an additional 6,386 shares during the period. Cerity Partners LLC increased its position in Mitsubishi UFJ Financial Group by 30.2% during the 3rd quarter. Cerity Partners LLC now owns 818,014 shares of the company’s stock valued at $8,327,000 after purchasing an additional 189,887 shares during the period. Finally, Summit Trail Advisors LLC increased its position in Mitsubishi UFJ Financial Group by 33.8% during the 3rd quarter. Summit Trail Advisors LLC now owns 38,689 shares of the company’s stock valued at $394,000 after purchasing an additional 9,773 shares during the period. 13.59% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, StockNews.com raised shares of 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 4.5 %

NYSE:MUFG opened at $14.97 on Friday. The firm’s 50-day moving average price is $12.82 and its 200-day moving average price is $11.71. The company has a market capitalization of $180.68 billion, a PE ratio of 13.74, a P/E/G ratio of 1.16 and a beta of 0.60. The company has a debt-to-equity ratio of 2.06, a current ratio of 0.90 and a quick ratio of 0.92. Mitsubishi UFJ Financial Group, Inc. has a 1-year low of $8.75 and a 1-year high of $15.03.

Mitsubishi UFJ Financial Group (NYSE:MUFG) last released 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 net margin of 14.19% and a return on equity of 9.27%. On average, equities analysts predict 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.