US Bancorp DE increased its position in shares of Mitsubishi UFJ Financial Group Inc (NYSE:MTU) by 36.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 131,325 shares of the bank’s stock after buying an additional 35,317 shares during the period. US Bancorp DE’s holdings in Mitsubishi UFJ Financial Group were worth $886,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. State Street Corp increased its stake in Mitsubishi UFJ Financial Group by 18.6% in the fourth quarter. State Street Corp now owns 987,736 shares of the bank’s stock valued at $6,084,000 after buying an additional 154,682 shares during the last quarter. Capstone Asset Management Co. increased its stake in Mitsubishi UFJ Financial Group by 1.0% in the first quarter. Capstone Asset Management Co. now owns 1,133,226 shares of the bank’s stock valued at $7,185,000 after buying an additional 11,230 shares during the last quarter. Sit Investment Associates Inc. increased its stake in Mitsubishi UFJ Financial Group by 14.9% in the first quarter. Sit Investment Associates Inc. now owns 455,875 shares of the bank’s stock valued at $2,890,000 after buying an additional 59,125 shares during the last quarter. Conning Inc. purchased a new stake in Mitsubishi UFJ Financial Group during the first quarter valued at $281,000. Finally, Wetherby Asset Management Inc. increased its stake in Mitsubishi UFJ Financial Group by 6.0% in the first quarter. Wetherby Asset Management Inc. now owns 165,414 shares of the bank’s stock valued at $1,049,000 after buying an additional 9,300 shares during the last quarter. 1.02% of the stock is owned by hedge funds and other institutional investors.

Mitsubishi UFJ Financial Group Inc (MTU) traded up 0.49% during mid-day trading on Friday, hitting $6.16. The company had a trading volume of 1,024,056 shares. The company has a 50-day moving average price of $6.49 and a 200 day moving average price of $6.47. Mitsubishi UFJ Financial Group Inc has a 52-week low of $4.83 and a 52-week high of $7.01. The company has a market capitalization of $81.85 billion, a P/E ratio of 30.65 and a beta of 1.59.

Mitsubishi UFJ Financial Group (NYSE:MTU) last announced its earnings results on Tuesday, August 1st. The bank reported $0.20 EPS for the quarter, beating analysts’ consensus estimates of $0.15 by $0.05. Mitsubishi UFJ Financial Group had a return on equity of 6.59% and a net margin of 16.99%. The company had revenue of $13.57 billion during the quarter. On average, analysts forecast that Mitsubishi UFJ Financial Group Inc will post $0.55 EPS for the current fiscal year.

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Several research firms recently weighed in on MTU. BidaskClub downgraded Mitsubishi UFJ Financial Group from a “hold” rating to a “sell” rating in a report on Wednesday, July 12th. Zacks Investment Research upgraded Mitsubishi UFJ Financial Group from a “hold” rating to a “buy” rating and set a $7.50 price objective for the company in a report on Tuesday, July 4th. One research analyst has rated the stock with a sell rating, two have given a hold rating and six have issued a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $7.50.

About Mitsubishi UFJ Financial Group

Mitsubishi UFJ Financial Group, Inc (MUFJ) is a bank holding company. The Company’s segments include Integrated Retail Banking Business Group, Integrated Corporate Banking Business Group, Integrated Trust Assets Business Group, Integrated Global Business Group and Krungsri. The Company’s services include commercial banking, trust banking, securities, credit cards, consumer finance, asset management, leasing and various fields of financial services.

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Institutional Ownership by Quarter for Mitsubishi UFJ Financial Group (NYSE:MTU)

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