Chevy Chase Trust Holdings LLC Buys 241,685 Shares of Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG)

Chevy Chase Trust Holdings LLC grew its stake in shares of Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG) by 4.2% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 5,950,256 shares of the company’s stock after acquiring an additional 241,685 shares during the period. Chevy Chase Trust Holdings LLC’s holdings in Mitsubishi UFJ Financial Group were worth $69,737,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of MUFG. Venturi Wealth Management LLC boosted its holdings in Mitsubishi UFJ Financial Group by 72.8% in the 3rd quarter. Venturi Wealth Management LLC now owns 5,292 shares of the company’s stock valued at $54,000 after purchasing an additional 2,229 shares during the period. Wilmington Savings Fund Society FSB bought a new position in Mitsubishi UFJ Financial Group in the 3rd quarter valued at $55,000. Versant Capital Management Inc bought a new position in Mitsubishi UFJ Financial Group in the 4th quarter valued at $71,000. Golden State Wealth Management LLC bought a new position in Mitsubishi UFJ Financial Group in the 4th quarter valued at $111,000. Finally, Eagle Bay Advisors LLC boosted its holdings in Mitsubishi UFJ Financial Group by 9.3% in the 4th quarter. Eagle Bay Advisors LLC now owns 10,094 shares of the company’s stock valued at $118,000 after purchasing an additional 858 shares during the period. 13.59% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded shares of Mitsubishi UFJ Financial Group from a “sell” rating to a “hold” rating in a research report on Saturday, November 23rd.

Mitsubishi UFJ Financial Group Stock Performance

Mitsubishi UFJ Financial Group stock opened at $12.59 on Friday. The firm’s fifty day moving average price is $12.07 and its 200-day moving average price is $11.16. The company has a debt-to-equity ratio of 2.06, a quick ratio of 0.92 and a current ratio of 0.90. The stock has a market cap of $151.87 billion, a P/E ratio of 11.55, a price-to-earnings-growth ratio of 1.13 and a beta of 0.61. Mitsubishi UFJ Financial Group, Inc. has a fifty-two week low of $8.75 and a fifty-two week high of $12.96.

Mitsubishi UFJ Financial Group (NYSE:MUFG) last posted its quarterly earnings data on Tuesday, February 4th. The company reported $0.28 earnings per share for the quarter, beating the consensus estimate 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%. On average, equities research analysts expect that Mitsubishi UFJ Financial Group, Inc. will post 0.99 earnings per share for the current fiscal year.

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.