Eagle Asset Management Inc. Acquires 6,386 Shares of Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG)

Eagle Asset Management Inc. boosted its stake in shares of Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG) by 11.3% during the 3rd quarter, HoldingsChannel reports. The fund owned 63,142 shares of the company’s stock after purchasing an additional 6,386 shares during the period. Eagle Asset Management Inc.’s holdings in Mitsubishi UFJ Financial Group were worth $643,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Addison Advisors LLC increased its position in shares of Mitsubishi UFJ Financial Group by 123.4% during the 2nd quarter. Addison Advisors LLC now owns 4,609 shares of the company’s stock valued at $50,000 after purchasing an additional 2,546 shares during the last quarter. Family Firm Inc. bought a new position in Mitsubishi UFJ Financial Group during the second quarter valued at $53,000. Venturi Wealth Management LLC raised its stake in shares of Mitsubishi UFJ Financial Group by 72.8% in the third quarter. Venturi Wealth Management LLC now owns 5,292 shares of the company’s stock valued at $54,000 after acquiring an additional 2,229 shares during the period. EverSource Wealth Advisors LLC lifted its holdings in shares of Mitsubishi UFJ Financial Group by 60.9% in the 1st quarter. EverSource Wealth Advisors LLC now owns 5,870 shares of the company’s stock worth $58,000 after acquiring an additional 2,222 shares during the last quarter. Finally, Rothschild Investment LLC purchased a new position in shares of Mitsubishi UFJ Financial Group during the 2nd quarter worth about $68,000. 13.59% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded Mitsubishi UFJ Financial Group from a “sell” rating to a “hold” rating in a research report on Saturday.

Mitsubishi UFJ Financial Group Stock Performance

Shares of Mitsubishi UFJ Financial Group stock opened at $11.81 on Tuesday. Mitsubishi UFJ Financial Group, Inc. has a 52 week low of $8.19 and a 52 week high of $12.11. The company has a market capitalization of $137.67 billion, a PE ratio of 11.58, a price-to-earnings-growth ratio of 1.10 and a beta of 0.59. The stock’s fifty day moving average is $10.77 and its two-hundred day moving average is $10.57. The company has a quick ratio of 0.92, a current ratio of 0.91 and a debt-to-equity ratio of 2.04.

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.