Parallel Advisors LLC Buys 2,521 Shares of Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG)

Parallel Advisors LLC raised its stake in Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG) by 5.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 46,460 shares of the company’s stock after buying an additional 2,521 shares during the period. Parallel Advisors LLC’s holdings in Mitsubishi UFJ Financial Group were worth $545,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. Eagle Bay Advisors LLC increased its holdings in shares of 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 worth $118,000 after buying an additional 858 shares during the last quarter. Franklin Resources Inc. increased its holdings in shares of Mitsubishi UFJ Financial Group by 1.9% in the 3rd quarter. Franklin Resources Inc. now owns 49,208 shares of the company’s stock worth $526,000 after buying an additional 938 shares during the last quarter. Abel Hall LLC increased its holdings in shares of Mitsubishi UFJ Financial Group by 4.9% in the 3rd quarter. Abel Hall LLC now owns 20,388 shares of the company’s stock worth $208,000 after buying an additional 949 shares during the last quarter. OLD National Bancorp IN increased its holdings in shares of Mitsubishi UFJ Financial Group by 5.1% in the 4th quarter. OLD National Bancorp IN now owns 19,841 shares of the company’s stock worth $233,000 after buying an additional 955 shares during the last quarter. Finally, Private Advisor Group LLC increased its holdings in shares of Mitsubishi UFJ Financial Group by 1.6% in the 4th quarter. Private Advisor Group LLC now owns 66,349 shares of the company’s stock worth $778,000 after buying an additional 1,040 shares during the last quarter. Institutional investors own 13.59% of the company’s stock.

Mitsubishi UFJ Financial Group Price Performance

MUFG stock opened at $14.33 on Friday. The company has a debt-to-equity ratio of 2.06, a quick ratio of 0.92 and a current ratio of 0.90. Mitsubishi UFJ Financial Group, Inc. has a 52 week low of $8.75 and a 52 week high of $15.05. The firm’s fifty day moving average is $12.75 and its 200 day moving average is $11.67. The firm has a market cap of $172.98 billion, a P/E ratio of 13.15, a P/E/G ratio of 1.16 and a beta of 0.60.

Mitsubishi UFJ Financial Group (NYSE:MUFG) last released its earnings results on Tuesday, February 4th. The company reported $0.28 EPS 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%. Research analysts predict that Mitsubishi UFJ Financial Group, Inc. will post 0.99 earnings per share for the current year.

Wall Street Analysts Forecast Growth

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

Mitsubishi UFJ Financial Group Company 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.