Choate Investment Advisors Invests $229,000 in Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG)

Choate Investment Advisors bought a new position in shares of Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG) during the fourth quarter, HoldingsChannel reports. The institutional investor bought 19,515 shares of the company’s stock, valued at approximately $229,000.

A number of other institutional investors have also made changes to their positions in the company. Whipplewood Advisors LLC bought a new stake in shares of Mitsubishi UFJ Financial Group in the fourth quarter worth $29,000. Steward Partners Investment Advisory LLC increased its stake in shares of Mitsubishi UFJ Financial Group by 33.9% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 5,056 shares of the company’s stock worth $59,000 after buying an additional 1,279 shares during the last quarter. Sierra Ocean LLC bought a new stake in shares of Mitsubishi UFJ Financial Group in the fourth quarter worth $62,000. Wilmington Savings Fund Society FSB bought a new stake in shares of Mitsubishi UFJ Financial Group in the third quarter worth $55,000. Finally, Versant Capital Management Inc bought a new stake in shares of Mitsubishi UFJ Financial Group in the fourth quarter worth $71,000. 13.59% of the stock is owned by institutional investors and hedge funds.

Mitsubishi UFJ Financial Group Stock Up 1.4 %

MUFG stock opened at $13.86 on Tuesday. The company has a debt-to-equity ratio of 2.06, a current ratio of 0.90 and a quick ratio of 0.92. Mitsubishi UFJ Financial Group, Inc. has a 1-year low of $8.75 and a 1-year high of $14.21. The firm has a fifty day moving average price of $12.62 and a two-hundred day moving average price of $11.61. The firm has a market cap of $167.20 billion, a price-to-earnings ratio of 12.71, a PEG 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 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%. Research analysts predict that Mitsubishi UFJ Financial Group, Inc. will post 0.99 EPS for the current year.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded shares of 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.