Russell Investments Group Ltd. Increases Stake in Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG)

Russell Investments Group Ltd. increased its position in shares of Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG) by 36.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 73,844 shares of the company’s stock after purchasing an additional 19,705 shares during the period. Russell Investments Group Ltd.’s holdings in Mitsubishi UFJ Financial Group were worth $865,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in MUFG. Whipplewood Advisors LLC purchased a new position in shares of Mitsubishi UFJ Financial Group during the fourth quarter valued at approximately $29,000. Wilmington Savings Fund Society FSB purchased a new position in Mitsubishi UFJ Financial Group during the 3rd quarter valued at $55,000. Steward Partners Investment Advisory LLC grew its position in Mitsubishi UFJ Financial Group by 33.9% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 5,056 shares of the company’s stock valued at $59,000 after acquiring an additional 1,279 shares during the last quarter. Sierra Ocean LLC bought a new stake in shares of Mitsubishi UFJ Financial Group during the fourth quarter worth $62,000. Finally, Versant Capital Management Inc bought a new stake in shares of Mitsubishi UFJ Financial Group during the fourth quarter worth $71,000. 13.59% of the stock is currently owned by institutional investors.

Mitsubishi UFJ Financial Group Stock Performance

Mitsubishi UFJ Financial Group stock opened at $11.70 on Tuesday. The company has a debt-to-equity ratio of 2.06, a quick ratio of 0.92 and a current ratio of 0.90. The company has a market capitalization of $141.19 billion, a PE ratio of 10.73, a P/E/G ratio of 1.16 and a beta of 0.39. The company has a 50 day moving average price of $12.82 and a 200-day moving average price of $12.05. Mitsubishi UFJ Financial Group, Inc. has a fifty-two week low of $8.75 and a fifty-two week high of $15.03.

Mitsubishi UFJ Financial Group (NYSE:MUFG) last issued its earnings results on Tuesday, February 4th. The company reported $0.28 earnings per share 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%. As a group, equities analysts forecast that Mitsubishi UFJ Financial Group, Inc. will post 0.99 earnings per share for the current year.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised shares of Mitsubishi UFJ Financial Group from a “sell” rating to a “hold” rating in a research note 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.