Brooklyn Investment Group Purchases 17,811 Shares of Mitsubishi UFJ Financial Group, Inc. $MUFG

Key Points

• Brooklyn Investment Group significantly increased its position in Mitsubishi UFJ Financial Group by 1,125.1%, acquiring 17,811 additional shares in the first quarter, bringing its holdings to 19,394 shares worth $264,000.
• Several other investors also made new or expanded investments in Mitsubishi UFJ, indicating growing interest, with institutional investors owning 13.59% of the company’s stock.
• Mitsubishi UFJ Financial Group reported earnings of $0.32 per share for the last quarter, surpassing estimates, and had a revenue of $22.10 billion, significantly higher than the forecasted $9.86 billion.

Brooklyn Investment Group grew its holdings in Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG - Free Report) by 1,125.1% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 19,394 shares of the company's stock after purchasing an additional 17,811 shares during the quarter. Brooklyn Investment Group's holdings in Mitsubishi UFJ Financial Group were worth $264,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Raymond James Financial Inc. raised its stake in Mitsubishi UFJ Financial Group by 11.3% during the 1st quarter. Raymond James Financial Inc. now owns 2,778,517 shares of the company's stock valued at $37,871,000 after purchasing an additional 282,644 shares during the last quarter. Alliance Wealth Advisors LLC UT raised its stake in Mitsubishi UFJ Financial Group by 15.2% during the 1st quarter. Alliance Wealth Advisors LLC UT now owns 14,157 shares of the company's stock valued at $193,000 after purchasing an additional 1,865 shares during the last quarter. American Century Companies Inc. raised its stake in Mitsubishi UFJ Financial Group by 3.9% during the 1st quarter. American Century Companies Inc. now owns 1,941,474 shares of the company's stock valued at $26,462,000 after purchasing an additional 73,277 shares during the last quarter. Caitong International Asset Management Co. Ltd acquired a new position in Mitsubishi UFJ Financial Group during the 1st quarter valued at $32,000. Finally, Russell Investments Group Ltd. raised its stake in Mitsubishi UFJ Financial Group by 45.2% during the 1st quarter. Russell Investments Group Ltd. now owns 107,211 shares of the company's stock valued at $1,461,000 after purchasing an additional 33,367 shares during the last quarter. 13.59% of the stock is owned by institutional investors and hedge funds.

Mitsubishi UFJ Financial Group Stock Performance

Mitsubishi UFJ Financial Group stock traded down $0.1250 on Monday, hitting $15.4750. The company's stock had a trading volume of 2,734,986 shares, compared to its average volume of 3,598,652. The firm has a market cap of $186.75 billion, a P/E ratio of 14.33, a price-to-earnings-growth ratio of 1.53 and a beta of 0.42. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 1.86. The company has a fifty day moving average price of $14.13 and a 200-day moving average price of $13.38. Mitsubishi UFJ Financial Group, Inc. has a one year low of $9.85 and a one year high of $16.16.

Mitsubishi UFJ Financial Group (NYSE:MUFG - Get Free Report) last announced its quarterly earnings results on Monday, August 4th. The company reported $0.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.29 by $0.03. The firm had revenue of $22.10 billion for the quarter, compared to analyst estimates of $9.86 billion. Mitsubishi UFJ Financial Group had a net margin of 13.95% and a return on equity of 9.35%. On average, equities analysts anticipate that Mitsubishi UFJ Financial Group, Inc. will post 0.99 earnings per share for the current year.

Analysts Set New Price Targets

Separately, Wall Street Zen upgraded shares of Mitsubishi UFJ Financial Group from a "sell" rating to a "hold" rating in a research note on Saturday, August 9th.

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.