Eagle Global Advisors LLC Purchases 1,635 Shares of Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG)

Eagle Global Advisors LLC increased its position in Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG) by 0.5% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 363,134 shares of the company’s stock after acquiring an additional 1,635 shares during the period. Eagle Global Advisors LLC’s holdings in Mitsubishi UFJ Financial Group were worth $4,256,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Barclays PLC bought a new position in shares of Mitsubishi UFJ Financial Group during the third quarter valued at $752,000. Wilmington Savings Fund Society FSB bought a new position in Mitsubishi UFJ Financial Group during the 3rd quarter valued at about $55,000. Franklin Resources Inc. boosted its holdings in shares of Mitsubishi UFJ Financial Group by 1.9% during the 3rd quarter. Franklin Resources Inc. now owns 49,208 shares of the company’s stock valued at $526,000 after acquiring an additional 938 shares during the last quarter. JPMorgan Chase & Co. grew its stake in shares of Mitsubishi UFJ Financial Group by 41.7% in the third quarter. JPMorgan Chase & Co. now owns 258,298 shares of the company’s stock worth $2,629,000 after acquiring an additional 75,997 shares during the period. Finally, One Wealth Capital Management LLC purchased a new stake in Mitsubishi UFJ Financial Group in the fourth quarter worth approximately $174,000. 13.59% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered shares of Mitsubishi UFJ Financial Group from a “hold” rating to a “sell” rating in a research report on Thursday, May 1st.

Mitsubishi UFJ Financial Group Stock Performance

MUFG opened at $12.37 on Wednesday. The firm has a market cap of $149.22 billion, a P/E ratio of 11.34, a PEG ratio of 1.16 and a beta of 0.39. Mitsubishi UFJ Financial Group, Inc. has a 1-year low of $8.75 and a 1-year high of $15.03. The company has a 50 day simple moving average of $12.70 and a two-hundred day simple moving average of $12.17. 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%. Equities analysts forecast that Mitsubishi UFJ Financial Group, Inc. will post 0.99 earnings per share for the current fiscal year.

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.