Congress Wealth Management LLC DE Boosts Stock Position in Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG)

Congress Wealth Management LLC DE grew its stake in Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG) by 9.7% during the fourth quarter, Holdings Channel.com reports. The fund owned 75,047 shares of the company’s stock after purchasing an additional 6,667 shares during the quarter. Congress Wealth Management LLC DE’s holdings in Mitsubishi UFJ Financial Group were worth $880,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. LPL Financial LLC grew its position in shares of Mitsubishi UFJ Financial Group by 52.9% during the 4th quarter. LPL Financial LLC now owns 333,403 shares of the company’s stock worth $3,907,000 after buying an additional 115,315 shares in the last quarter. Guardian Partners Inc. purchased a new stake in Mitsubishi UFJ Financial Group in the fourth quarter worth about $7,069,000. Sei Investments Co. increased its position in Mitsubishi UFJ Financial Group by 1.6% during the 4th quarter. Sei Investments Co. now owns 4,092,847 shares of the company’s stock valued at $47,968,000 after purchasing an additional 64,808 shares during the period. American Century Companies Inc. raised its holdings in shares of Mitsubishi UFJ Financial Group by 5.7% in the 4th quarter. American Century Companies Inc. now owns 1,868,197 shares of the company’s stock valued at $21,895,000 after purchasing an additional 100,677 shares in the last quarter. Finally, Ballast Advisors LLC lifted its position in shares of Mitsubishi UFJ Financial Group by 2.1% in the 4th quarter. Ballast Advisors LLC now owns 63,069 shares of the company’s stock worth $739,000 after purchasing an additional 1,279 shares during the period. 13.59% of the stock is owned by hedge funds and other institutional investors.

Mitsubishi UFJ Financial Group Trading Up 0.5 %

MUFG opened at $14.45 on Friday. Mitsubishi UFJ Financial Group, Inc. has a 12 month low of $8.75 and a 12 month high of $15.03. The stock has a fifty day moving average price of $13.02 and a 200-day moving average price of $11.81. The firm has a market cap of $174.32 billion, a price-to-earnings ratio of 13.25, a PEG ratio of 1.16 and a beta of 0.60. 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 released its quarterly earnings results on Tuesday, February 4th. The company reported $0.28 earnings per share for the quarter, beating 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 anticipate that Mitsubishi UFJ Financial Group, Inc. will post 0.99 earnings per share for the current fiscal year.

Analyst Ratings Changes

Separately, StockNews.com lowered shares of Mitsubishi UFJ Financial Group from a “hold” rating to a “sell” rating in a report on Monday.

Mitsubishi UFJ Financial Group 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.