Ramirez Asset Management Inc. Grows Position in Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG)

Ramirez Asset Management Inc. boosted its stake in shares of Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG) by 3.1% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 426,850 shares of the company’s stock after acquiring an additional 12,976 shares during the period. Mitsubishi UFJ Financial Group accounts for 1.0% of Ramirez Asset Management Inc.’s portfolio, making the stock its 23rd largest holding. Ramirez Asset Management Inc.’s holdings in Mitsubishi UFJ Financial Group were worth $5,003,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently bought and sold shares of MUFG. Eagle Bay Advisors LLC lifted its position in shares of Mitsubishi UFJ Financial Group by 9.3% during the fourth quarter. Eagle Bay Advisors LLC now owns 10,094 shares of the company’s stock worth $118,000 after purchasing an additional 858 shares during the last quarter. Franklin Resources Inc. increased its stake 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 valued at $526,000 after buying an additional 938 shares during the period. Abel Hall LLC raised its holdings in shares of Mitsubishi UFJ Financial Group by 4.9% in the third quarter. Abel Hall LLC now owns 20,388 shares of the company’s stock valued at $208,000 after acquiring an additional 949 shares in the last quarter. OLD National Bancorp IN lifted its stake in Mitsubishi UFJ Financial Group by 5.1% in the fourth quarter. OLD National Bancorp IN now owns 19,841 shares of the company’s stock worth $233,000 after acquiring an additional 955 shares during the period. Finally, EntryPoint Capital LLC grew its holdings in Mitsubishi UFJ Financial Group by 6.9% during the 4th quarter. EntryPoint Capital LLC now owns 15,595 shares of the company’s stock worth $183,000 after acquiring an additional 1,002 shares in the last quarter. 13.59% of the stock is currently owned by institutional investors.

Mitsubishi UFJ Financial Group Stock Up 0.5 %

Mitsubishi UFJ Financial Group stock opened at $14.45 on Friday. The company has a quick ratio of 0.92, a current ratio of 0.90 and a debt-to-equity ratio of 2.06. The firm has a market cap of $174.32 billion, a P/E ratio of 13.25, a P/E/G ratio of 1.16 and a beta of 0.60. The business has a fifty day moving average of $13.02 and a two-hundred day moving average of $11.81. Mitsubishi UFJ Financial Group, Inc. has a twelve month low of $8.75 and a twelve month high of $15.03.

Mitsubishi UFJ Financial Group (NYSE:MUFG) last issued its quarterly earnings data 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, analysts forecast that Mitsubishi UFJ Financial Group, Inc. will post 0.99 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Separately, StockNews.com lowered shares of Mitsubishi UFJ Financial Group from a “hold” rating to a “sell” rating in a report on Monday.

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.