Brooklyn Investment Group Has $264,000 Stake in 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 lifted its holdings in shares of 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 13F filing with the Securities & Exchange Commission. 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 SEC filing.

Several other hedge funds also recently modified their holdings of MUFG. Russell Investments Group Ltd. increased its stake in shares of Mitsubishi UFJ Financial Group by 36.4% during the 4th quarter. Russell Investments Group Ltd. now owns 73,844 shares of the company's stock worth $865,000 after purchasing an additional 19,705 shares during the last quarter. NewEdge Advisors LLC increased its stake in shares of Mitsubishi UFJ Financial Group by 8.3% during the 4th quarter. NewEdge Advisors LLC now owns 72,872 shares of the company's stock worth $854,000 after purchasing an additional 5,615 shares during the last quarter. First Trust Advisors LP increased its stake in shares of Mitsubishi UFJ Financial Group by 1,134.3% during the 4th quarter. First Trust Advisors LP now owns 410,504 shares of the company's stock worth $4,811,000 after purchasing an additional 377,245 shares during the last quarter. MML Investors Services LLC increased its stake in shares of Mitsubishi UFJ Financial Group by 80.0% during the 4th quarter. MML Investors Services LLC now owns 246,690 shares of the company's stock worth $2,891,000 after purchasing an additional 109,625 shares during the last quarter. Finally, OneDigital Investment Advisors LLC increased its stake in shares of Mitsubishi UFJ Financial Group by 140.8% during the 4th quarter. OneDigital Investment Advisors LLC now owns 24,507 shares of the company's stock worth $287,000 after purchasing an additional 14,331 shares during the last quarter. Institutional investors and hedge funds own 13.59% of the company's stock.

Mitsubishi UFJ Financial Group Stock Performance

NYSE:MUFG traded up $0.2830 during midday trading on Friday, reaching $15.5830. The stock had a trading volume of 3,584,296 shares, compared to its average volume of 3,566,611. Mitsubishi UFJ Financial Group, Inc. has a 1-year low of $9.85 and a 1-year high of $16.16. The firm's fifty day simple moving average is $14.09 and its 200-day simple moving average is $13.35. The company has a debt-to-equity ratio of 1.86, a current ratio of 0.89 and a quick ratio of 0.89. The stock has a market capitalization of $188.05 billion, a P/E ratio of 14.43, a PEG ratio of 1.50 and a beta of 0.42.

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

Wall Street Analysts Forecast Growth

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.

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.