DMC Group LLC Takes $290,000 Position in Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG)

DMC Group LLC purchased a new position in shares of Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG - Free Report) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 21,292 shares of the company's stock, valued at approximately $290,000.

A number of other hedge funds also recently bought and sold shares of the business. Wealth Enhancement Advisory Services LLC purchased a new position in shares of Mitsubishi UFJ Financial Group in the first quarter valued at approximately $143,000. Allspring Global Investments Holdings LLC lifted its position in shares of Mitsubishi UFJ Financial Group by 5.6% in the first quarter. Allspring Global Investments Holdings LLC now owns 88,180 shares of the company's stock valued at $1,163,000 after acquiring an additional 4,664 shares in the last quarter. Sowell Financial Services LLC purchased a new position in shares of Mitsubishi UFJ Financial Group in the first quarter valued at approximately $183,000. Bank of New York Mellon Corp lifted its position in shares of Mitsubishi UFJ Financial Group by 17.7% in the fourth quarter. Bank of New York Mellon Corp now owns 1,090,733 shares of the company's stock valued at $12,783,000 after acquiring an additional 164,011 shares in the last quarter. Finally, Rockefeller Capital Management L.P. increased its holdings in shares of Mitsubishi UFJ Financial Group by 182.6% in the fourth quarter. Rockefeller Capital Management L.P. now owns 152,526 shares of the company's stock valued at $1,787,000 after purchasing an additional 98,562 shares during the last quarter. Hedge funds and other institutional investors own 13.59% of the company's stock.

Mitsubishi UFJ Financial Group Price Performance

Shares of NYSE:MUFG traded up $0.09 during midday trading on Friday, hitting $13.68. The company had a trading volume of 1,576,787 shares, compared to its average volume of 6,408,177. Mitsubishi UFJ Financial Group, Inc. has a twelve month low of $8.75 and a twelve month high of $15.03. The stock has a market cap of $165.03 billion, a price-to-earnings ratio of 13.02, a price-to-earnings-growth ratio of 0.92 and a beta of 0.39. The business's 50-day simple moving average is $13.50 and its 200-day simple moving average is $12.86.

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

Wall Street Analyst Weigh In

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

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.