American Century Companies Inc. Purchases 419,185 Shares of Mitsubishi UFJ Financial Group, Inc. $MUFG

American Century Companies Inc. increased its stake in shares of Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG) by 19.4% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,577,874 shares of the company’s stock after acquiring an additional 419,185 shares during the period. American Century Companies Inc.’s holdings in Mitsubishi UFJ Financial Group were worth $41,091,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the stock. Westside Investment Management Inc. increased its position in shares of Mitsubishi UFJ Financial Group by 100.0% during the 3rd quarter. Westside Investment Management Inc. now owns 1,846 shares of the company’s stock worth $29,000 after purchasing an additional 923 shares during the last quarter. Redmont Wealth Advisors LLC bought a new stake in Mitsubishi UFJ Financial Group in the 3rd quarter valued at $35,000. True Wealth Design LLC acquired a new stake in Mitsubishi UFJ Financial Group during the 3rd quarter valued at $49,000. CWM LLC grew its stake in Mitsubishi UFJ Financial Group by 188.9% in the 3rd quarter. CWM LLC now owns 3,504 shares of the company’s stock valued at $56,000 after buying an additional 2,291 shares during the last quarter. Finally, Twin Peaks Wealth Advisors LLC acquired a new position in Mitsubishi UFJ Financial Group in the 2nd quarter valued at about $59,000. 13.59% of the stock is owned by institutional investors and hedge funds.

Mitsubishi UFJ Financial Group Stock Performance

Shares of MUFG opened at $17.06 on Friday. The company has a debt-to-equity ratio of 1.30, a current ratio of 0.85 and a quick ratio of 0.89. Mitsubishi UFJ Financial Group, Inc. has a one year low of $10.46 and a one year high of $20.15. The stock has a 50-day moving average of $18.06 and a 200-day moving average of $16.38. The company has a market cap of $202.46 billion, a PE ratio of 14.96, a P/E/G ratio of 1.30 and a beta of 0.33.

Mitsubishi UFJ Financial Group (NYSE:MUFG) last released its quarterly earnings results on Wednesday, February 4th. The company reported $0.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.30 by $0.02. Mitsubishi UFJ Financial Group had a return on equity of 9.58% and a net margin of 13.87%. On average, equities research analysts predict that Mitsubishi UFJ Financial Group, Inc. will post 0.99 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. Zacks Research downgraded shares of Mitsubishi UFJ Financial Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 1st. Weiss Ratings upgraded shares of Mitsubishi UFJ Financial Group from a “hold (c)” rating to a “buy (b-)” rating in a research note on Thursday, February 5th. Finally, UBS Group raised Mitsubishi UFJ Financial Group to a “strong-buy” rating in a research report on Thursday, January 22nd. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, Mitsubishi UFJ Financial Group has an average rating of “Buy”.

Mitsubishi UFJ Financial Group Company Profile

Mitsubishi UFJ Financial Group, Inc (MUFG) is a Tokyo-based financial services holding company and one of Japan’s largest banking groups and among the world’s leading financial institutions. The group was formed through the integration of Mitsubishi Tokyo Financial Group and UFJ Holdings and operates a comprehensive suite of banking and financial services for retail, corporate, and institutional clients. MUFG’s core banking operations are conducted through its commercial banking arm and a network of domestic and international subsidiaries and affiliates.

MUFG offers a broad range of products and services including commercial and retail banking, corporate and investment banking, global transaction banking, trust banking, asset management, securities and brokerage services, credit cards, consumer finance, leasing and custody services.