Raymond James Financial Inc. Buys Shares of 2,495,873 Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG)

Raymond James Financial Inc. bought a new stake in shares of Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 2,495,873 shares of the company’s stock, valued at approximately $29,252,000.

A number of other hedge funds have also recently made changes to their positions in the stock. Barclays PLC purchased a new position in Mitsubishi UFJ Financial Group during the third quarter valued at $752,000. Fisher Asset Management LLC raised its position in shares of Mitsubishi UFJ Financial Group by 15.7% in the 3rd quarter. Fisher Asset Management LLC now owns 7,853,310 shares of the company’s stock worth $79,947,000 after purchasing an additional 1,067,409 shares during the last quarter. Custom Index Systems LLC bought a new position in Mitsubishi UFJ Financial Group in the 4th quarter worth about $281,000. Synovus Financial Corp grew its position in Mitsubishi UFJ Financial Group by 24.4% during the 3rd quarter. Synovus Financial Corp now owns 301,550 shares of the company’s stock valued at $3,070,000 after purchasing an additional 59,053 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its position in Mitsubishi UFJ Financial Group by 41.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 258,298 shares of the company’s stock valued at $2,629,000 after purchasing an additional 75,997 shares during the last quarter. 13.59% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Separately, StockNews.com upgraded shares of Mitsubishi UFJ Financial Group from a “sell” rating to a “hold” rating in a research note on Wednesday, March 5th.

Mitsubishi UFJ Financial Group Stock Performance

MUFG stock opened at $13.68 on Friday. The stock has a market capitalization of $165.03 billion, a PE ratio of 12.55, a price-to-earnings-growth ratio of 1.16 and a beta of 0.60. The stock’s 50 day simple moving average is $12.58 and its 200 day simple moving average is $11.56. Mitsubishi UFJ Financial Group, Inc. has a 12-month low of $8.75 and a 12-month high of $13.71. The company has a current ratio of 0.90, a quick ratio of 0.92 and a debt-to-equity ratio of 2.06.

Mitsubishi UFJ Financial Group (NYSE:MUFG) last announced its quarterly earnings results on Tuesday, February 4th. The company reported $0.28 earnings per share (EPS) for the quarter, beating 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%. As a group, research 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.