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

Raymond James Financial Inc. purchased a new position in Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG) during the fourth quarter, HoldingsChannel reports. The firm purchased 2,495,873 shares of the company’s stock, valued at approximately $29,252,000.

Several other large investors also recently modified their holdings of the company. Whipplewood Advisors LLC bought a new stake in shares of Mitsubishi UFJ Financial Group during the 4th quarter valued at about $29,000. Venturi Wealth Management LLC boosted its stake in shares of Mitsubishi UFJ Financial Group by 72.8% during the 3rd quarter. Venturi Wealth Management LLC now owns 5,292 shares of the company’s stock worth $54,000 after acquiring an additional 2,229 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new stake in shares of Mitsubishi UFJ Financial Group during the 3rd quarter valued at $55,000. Steward Partners Investment Advisory LLC increased its stake in shares of 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 worth $59,000 after purchasing an additional 1,279 shares in the last quarter. Finally, Sierra Ocean LLC purchased a new stake in shares of Mitsubishi UFJ Financial Group in the 4th quarter worth $62,000. Institutional investors own 13.59% of the company’s stock.

Mitsubishi UFJ Financial Group Trading Up 3.8 %

Shares of NYSE:MUFG opened at $13.68 on Friday. 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 market cap 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 has a 50 day moving average of $12.58 and a 200 day moving average of $11.56. 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 posted its quarterly earnings results on Tuesday, February 4th. The company reported $0.28 earnings per share for the quarter, topping analysts’ consensus estimates of $0.19 by $0.09. Mitsubishi UFJ Financial Group had a net margin of 14.19% and a return on equity of 9.27%. As a group, equities research analysts expect that Mitsubishi UFJ Financial Group, Inc. will post 0.99 EPS for the current year.

Analysts Set New Price Targets

Separately, StockNews.com raised Mitsubishi UFJ Financial Group from a “sell” rating to a “hold” rating in a report on Wednesday, March 5th.

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.