American Century Companies Inc. Purchases 217,215 Shares of Mitsubishi UFJ Financial Group, Inc. $MUFG

American Century Companies Inc. boosted its position in shares of Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG) by 11.2% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 2,158,689 shares of the company’s stock after acquiring an additional 217,215 shares during the quarter. American Century Companies Inc.’s holdings in Mitsubishi UFJ Financial Group were worth $29,617,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. MQS Management LLC increased its position in shares of Mitsubishi UFJ Financial Group by 6.5% during the 2nd quarter. MQS Management LLC now owns 12,247 shares of the company’s stock valued at $168,000 after purchasing an additional 744 shares during the last quarter. Rehmann Capital Advisory Group increased its holdings in Mitsubishi UFJ Financial Group by 1.1% during the second quarter. Rehmann Capital Advisory Group now owns 69,804 shares of the company’s stock valued at $958,000 after buying an additional 761 shares during the last quarter. Huntington National Bank raised its position in Mitsubishi UFJ Financial Group by 6.1% in the second quarter. Huntington National Bank now owns 13,427 shares of the company’s stock worth $184,000 after acquiring an additional 772 shares during the period. Evergreen Capital Management LLC boosted its stake in shares of Mitsubishi UFJ Financial Group by 0.9% during the 1st quarter. Evergreen Capital Management LLC now owns 87,011 shares of the company’s stock worth $1,186,000 after acquiring an additional 796 shares during the last quarter. Finally, Cetera Trust Company N.A boosted its stake in shares of Mitsubishi UFJ Financial Group by 2.5% during the 2nd quarter. Cetera Trust Company N.A now owns 33,020 shares of the company’s stock worth $453,000 after acquiring an additional 800 shares during the last quarter. 13.59% of the stock is owned by hedge funds and other institutional investors.

Mitsubishi UFJ Financial Group Price Performance

Shares of Mitsubishi UFJ Financial Group stock opened at $15.78 on Monday. The company has a market capitalization of $190.43 billion, a price-to-earnings ratio of 14.61, a PEG ratio of 1.09 and a beta of 0.37. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 1.86. The stock’s 50-day simple moving average is $15.35 and its 200-day simple moving average is $14.68. Mitsubishi UFJ Financial Group, Inc. has a 52 week low of $10.46 and a 52 week high of $16.24.

Mitsubishi UFJ Financial Group (NYSE:MUFG) last issued its earnings results on Friday, November 14th. The company reported $0.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.34 by $0.10. Mitsubishi UFJ Financial Group had a return on equity of 9.35% and a net margin of 13.95%.The company had revenue of $23.61 billion for the quarter, compared to the consensus estimate of $9.19 billion. As a group, analysts expect that Mitsubishi UFJ Financial Group, Inc. will post 0.99 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have recently commented on MUFG shares. Wall Street Zen upgraded Mitsubishi UFJ Financial Group from a “sell” rating to a “hold” rating in a research note on Saturday, August 9th. Zacks Research upgraded Mitsubishi UFJ Financial Group from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, August 26th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Mitsubishi UFJ Financial Group in a research report on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Buy”.

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.