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

DMC Group LLC bought a new stake in shares of Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG - Free Report) during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 21,292 shares of the company's stock, valued at approximately $290,000.

Several other hedge funds also recently modified their holdings of MUFG. Nisa Investment Advisors LLC bought a new stake in Mitsubishi UFJ Financial Group in the first quarter valued at about $41,000. Financial Management Professionals Inc. grew 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 worth $44,000 after buying an additional 1,754 shares during the period. Steward Partners Investment Advisory LLC increased its stake in shares of Mitsubishi UFJ Financial Group by 33.9% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 5,056 shares of the company's stock valued at $59,000 after acquiring an additional 1,279 shares during the last quarter. Olde Wealth Management LLC acquired a new stake in shares of Mitsubishi UFJ Financial Group in the 1st quarter valued at approximately $87,000. Finally, Cary Street Partners Financial LLC acquired a new stake in shares of Mitsubishi UFJ Financial Group in the 4th quarter valued at approximately $98,000. Institutional investors own 13.59% of the company's stock.

Mitsubishi UFJ Financial Group Trading Up 0.6%

Shares of NYSE:MUFG traded up $0.08 during mid-day trading on Friday, reaching $13.67. The stock had a trading volume of 2,322,574 shares, compared to its average volume of 4,370,366. The firm has a market cap of $164.97 billion, a PE ratio of 13.02, a price-to-earnings-growth ratio of 0.90 and a beta of 0.39. The firm has a 50 day simple moving average of $13.52 and a two-hundred day simple moving average of $12.89. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 2.57. Mitsubishi UFJ Financial Group, Inc. has a twelve month low of $8.75 and a twelve month high of $15.03.

Mitsubishi UFJ Financial Group (NYSE:MUFG - Get Free Report) last announced its quarterly earnings results on Thursday, May 15th. The company reported $0.13 earnings per share for the quarter, beating analysts' consensus estimates of $0.03 by $0.10. The business had revenue of $22.91 billion for the quarter, compared to the consensus estimate of $6.47 billion. Mitsubishi UFJ Financial Group had a net margin of 13.70% and a return on equity of 9.45%. On average, research analysts predict that Mitsubishi UFJ Financial Group, Inc. will post 0.99 EPS for the current fiscal year.

Wall Street Analyst Weigh In

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

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.