Short Interest in Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG) Grows By 28.3%

Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG) was the recipient of a large increase in short interest in February. As of February 28th, there was short interest totalling 10,650,000 shares, an increase of 28.3% from the February 13th total of 8,300,000 shares. Currently, 0.1% of the company’s shares are short sold. Based on an average trading volume of 3,070,000 shares, the short-interest ratio is currently 3.5 days.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the business. Northern Trust Corp boosted its position in shares of Mitsubishi UFJ Financial Group by 46.6% in the 4th quarter. Northern Trust Corp now owns 10,522,079 shares of the company’s stock valued at $123,319,000 after purchasing an additional 3,342,330 shares during the period. Clearbridge Investments LLC boosted its position in shares of Mitsubishi UFJ Financial Group by 325.9% in the 4th quarter. Clearbridge Investments LLC now owns 3,822,530 shares of the company’s stock valued at $44,800,000 after purchasing an additional 2,924,979 shares during the period. Raymond James Financial Inc. acquired a new stake in shares of Mitsubishi UFJ Financial Group in the 4th quarter valued at about $29,252,000. Royal Bank of Canada boosted its position in shares of Mitsubishi UFJ Financial Group by 40.4% in the 4th quarter. Royal Bank of Canada now owns 6,021,271 shares of the company’s stock valued at $70,570,000 after purchasing an additional 1,731,873 shares during the period. Finally, Fisher Asset Management LLC boosted 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 valued at $79,947,000 after purchasing an additional 1,067,409 shares during the period. Hedge funds and other institutional investors own 13.59% of the company’s stock.

Mitsubishi UFJ Financial Group Stock Up 3.0 %

NYSE MUFG traded up $0.42 during trading hours on Tuesday, hitting $14.28. 33,983,512 shares of the company were exchanged, compared to its average volume of 4,712,176. The company has a 50 day moving average of $12.62 and a two-hundred day moving average of $11.61. The company has a quick ratio of 0.92, a current ratio of 0.90 and a debt-to-equity ratio of 2.06. Mitsubishi UFJ Financial Group has a 52-week low of $8.75 and a 52-week high of $14.36. The firm has a market cap of $172.27 billion, a price-to-earnings ratio of 13.10, a PEG ratio of 1.16 and a beta of 0.60.

Mitsubishi UFJ Financial Group (NYSE:MUFG) last issued its quarterly earnings results on Tuesday, February 4th. The company reported $0.28 earnings per share for the quarter, topping the consensus estimate 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%. Equities research analysts anticipate that Mitsubishi UFJ Financial Group will post 0.99 earnings per share for the current year.

Wall Street Analyst Weigh In

Separately, StockNews.com raised Mitsubishi UFJ Financial Group from a “sell” rating to a “hold” rating in a research note 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.