Clearbridge Investments LLC Buys 2,924,979 Shares of Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG)

Clearbridge Investments LLC raised its position in shares of Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG) by 325.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,822,530 shares of the company’s stock after acquiring an additional 2,924,979 shares during the period. Clearbridge Investments LLC’s holdings in Mitsubishi UFJ Financial Group were worth $44,800,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Charles Schwab Investment Management Inc. increased its holdings in shares of Mitsubishi UFJ Financial Group by 14.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 699,645 shares of the company’s stock worth $7,122,000 after purchasing an additional 88,034 shares during the period. BNP Paribas Financial Markets increased its position in shares of Mitsubishi UFJ Financial Group by 140.9% in the third quarter. BNP Paribas Financial Markets now owns 514,746 shares of the company’s stock worth $5,240,000 after purchasing an additional 301,065 shares during the period. Walleye Capital LLC raised its stake in Mitsubishi UFJ Financial Group by 44.8% in the third quarter. Walleye Capital LLC now owns 58,152 shares of the company’s stock valued at $592,000 after purchasing an additional 17,986 shares in the last quarter. Rockefeller Capital Management L.P. lifted its position in Mitsubishi UFJ Financial Group by 10.5% during the third quarter. Rockefeller Capital Management L.P. now owns 53,964 shares of the company’s stock worth $549,000 after purchasing an additional 5,147 shares during the period. Finally, Captrust Financial Advisors grew its stake in Mitsubishi UFJ Financial Group by 13.5% during the third quarter. Captrust Financial Advisors now owns 87,556 shares of the company’s stock worth $891,000 after buying an additional 10,434 shares in the last quarter. Institutional investors and hedge funds own 13.59% of the company’s stock.

Mitsubishi UFJ Financial Group Stock Down 2.4 %

Shares of MUFG opened at $13.31 on Wednesday. The firm has a 50 day simple moving average of $13.10 and a two-hundred day simple moving average of $11.91. The company has a market cap of $160.56 billion, a P/E ratio of 12.21, a P/E/G ratio of 1.16 and a beta of 0.60. Mitsubishi UFJ Financial Group, Inc. has a one year low of $8.75 and a one year high of $15.03. 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 (NYSE:MUFG) last posted its quarterly earnings results on Tuesday, February 4th. The company reported $0.28 EPS 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%. Research analysts forecast that Mitsubishi UFJ Financial Group, Inc. will post 0.99 EPS for the current fiscal year.

Analyst Ratings Changes

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

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.