Dauntless Investment Group LLC Makes New Investment in Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG)

Dauntless Investment Group LLC purchased a new stake in Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 39,138 shares of the company's stock, valued at approximately $459,000. Mitsubishi UFJ Financial Group comprises about 0.5% of Dauntless Investment Group LLC's investment portfolio, making the stock its 25th biggest position.

A number of other institutional investors have also recently added to or reduced their stakes in MUFG. Barclays PLC purchased a new position in shares of Mitsubishi UFJ Financial Group during the 3rd quarter worth $752,000. Custom Index Systems LLC purchased a new stake in shares of Mitsubishi UFJ Financial Group in the 4th quarter valued at approximately $281,000. Synovus Financial Corp increased its holdings in shares of Mitsubishi UFJ Financial Group by 24.4% during the 3rd quarter. Synovus Financial Corp now owns 301,550 shares of the company's stock worth $3,070,000 after buying an additional 59,053 shares during the last quarter. JPMorgan Chase & Co. raised its position in shares of Mitsubishi UFJ Financial Group by 41.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 258,298 shares of the company's stock valued at $2,629,000 after buying an additional 75,997 shares during the period. Finally, Franklin Resources Inc. lifted its holdings in Mitsubishi UFJ Financial Group by 1.9% in the third quarter. Franklin Resources Inc. now owns 49,208 shares of the company's stock valued at $526,000 after acquiring an additional 938 shares during the last quarter. Hedge funds and other institutional investors own 13.59% of the company's stock.

Analysts Set New Price Targets

Separately, StockNews.com upgraded Mitsubishi UFJ Financial Group from a "sell" rating to a "hold" rating in a report on Friday, April 18th.

Mitsubishi UFJ Financial Group Trading Up 1.1 %

NYSE:MUFG traded up $0.14 during trading hours on Tuesday, reaching $12.73. 2,986,206 shares of the stock were exchanged, compared to its average volume of 3,713,981. Mitsubishi UFJ Financial Group, Inc. has a twelve month low of $8.75 and a twelve month high of $15.03. The company has a quick ratio of 0.92, a current ratio of 0.90 and a debt-to-equity ratio of 2.06. The business has a 50-day moving average of $12.75 and a two-hundred day moving average of $12.11. The company has a market capitalization of $153.56 billion, a price-to-earnings ratio of 11.67, a PEG ratio of 1.16 and a beta of 0.39.

Mitsubishi UFJ Financial Group (NYSE:MUFG - Get Free Report) last issued its quarterly earnings results on Tuesday, February 4th. The company reported $0.28 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 analysts predict that Mitsubishi UFJ Financial Group, Inc. will post 0.99 EPS for the current 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.