Artemis Investment Management LLP Acquires 1,629,765 Shares of Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG)

Artemis Investment Management LLP grew its position in shares of Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG - Free Report) by 175.6% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,558,102 shares of the company's stock after buying an additional 1,629,765 shares during the quarter. Artemis Investment Management LLP's holdings in Mitsubishi UFJ Financial Group were worth $34,867,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of MUFG. Whipplewood Advisors LLC bought a new stake in Mitsubishi UFJ Financial Group during the fourth quarter worth $29,000. Financial Management Professionals Inc. increased its position in shares of Mitsubishi UFJ Financial Group by 116.7% during the 1st quarter. Financial Management Professionals Inc. now owns 3,257 shares of the company's stock valued at $44,000 after purchasing an additional 1,754 shares during the last quarter. Steward Partners Investment Advisory LLC raised its stake in shares of Mitsubishi UFJ Financial Group by 33.9% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 5,056 shares of the company's stock worth $59,000 after purchasing an additional 1,279 shares during the period. Cary Street Partners Financial LLC purchased a new position in shares of Mitsubishi UFJ Financial Group in the 4th quarter worth about $98,000. Finally, May Hill Capital LLC bought a new position in Mitsubishi UFJ Financial Group during the fourth quarter valued at about $121,000. Hedge funds and other institutional investors own 13.59% of the company's stock.

Analyst Ratings Changes

Separately, Wall Street Zen upgraded shares of Mitsubishi UFJ Financial Group from a "sell" rating to a "hold" rating in a report on Saturday, June 14th.

Mitsubishi UFJ Financial Group Trading Up 0.5%

Shares of MUFG stock traded up $0.07 during trading hours on Friday, hitting $13.89. 2,794,371 shares of the company were exchanged, compared to its average volume of 4,266,501. The stock has a market capitalization of $167.56 billion, a price-to-earnings ratio of 13.22, a P/E/G ratio of 0.91 and a beta of 0.42. The firm has a fifty day simple moving average of $13.20 and a 200 day simple moving average of $12.73. Mitsubishi UFJ Financial Group, Inc. has a 52-week low of $8.75 and a 52-week high of $15.03.

Mitsubishi UFJ Financial Group (NYSE:MUFG - Get Free Report) last released its earnings results on Thursday, May 15th. The company reported $0.13 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.03 by $0.10. Mitsubishi UFJ Financial Group had a return on equity of 9.18% and a net margin of 13.70%. The business had revenue of $22.91 billion during the quarter, compared to the consensus estimate of $6.47 billion. Sell-side analysts anticipate that Mitsubishi UFJ Financial Group, Inc. will post 0.99 EPS for the current year.

Mitsubishi UFJ Financial Group 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.