Augustine Asset Management Inc. Has $2.04 Million Stock Position in Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG)

Augustine Asset Management Inc. lifted its stake in shares of Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG - Free Report) by 310.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 236,727 shares of the company's stock after buying an additional 178,998 shares during the quarter. Mitsubishi UFJ Financial Group makes up about 0.9% of Augustine Asset Management Inc.'s investment portfolio, making the stock its 25th largest holding. Augustine Asset Management Inc.'s holdings in Mitsubishi UFJ Financial Group were worth $2,038,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also made changes to their positions in the stock. JPMorgan Chase & Co. boosted its holdings in Mitsubishi UFJ Financial Group by 6.8% in the first quarter. JPMorgan Chase & Co. now owns 53,020 shares of the company's stock worth $328,000 after purchasing an additional 3,360 shares during the period. Raymond James Financial Services Advisors Inc. acquired a new position in Mitsubishi UFJ Financial Group in the first quarter worth $78,000. Bank of New York Mellon Corp boosted its holdings in Mitsubishi UFJ Financial Group by 9.9% in the first quarter. Bank of New York Mellon Corp now owns 273,357 shares of the company's stock worth $1,692,000 after purchasing an additional 24,602 shares during the period. HighTower Advisors LLC boosted its holdings in Mitsubishi UFJ Financial Group by 2.8% in the first quarter. HighTower Advisors LLC now owns 79,795 shares of the company's stock worth $496,000 after purchasing an additional 2,152 shares during the period. Finally, Citigroup Inc. boosted its holdings in Mitsubishi UFJ Financial Group by 24.7% in the first quarter. Citigroup Inc. now owns 527,769 shares of the company's stock worth $3,267,000 after purchasing an additional 104,483 shares during the period. Institutional investors and hedge funds own 13.59% of the company's stock.

Mitsubishi UFJ Financial Group Stock Performance

Shares of MUFG traded up $0.02 during midday trading on Friday, hitting $10.12. 2,275,737 shares of the stock traded hands, compared to its average volume of 2,583,700. Mitsubishi UFJ Financial Group, Inc. has a 1-year low of $5.99 and a 1-year high of $11.22. The firm has a market capitalization of $124.86 billion, a PE ratio of 8.16, a price-to-earnings-growth ratio of 0.92 and a beta of 0.61. The business's 50 day moving average price is $10.02 and its two-hundred day moving average price is $9.06.

Mitsubishi UFJ Financial Group (NYSE:MUFG - Get Free Report) last announced its quarterly earnings results on Monday, February 5th. The company reported $0.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.17 by $0.04. Mitsubishi UFJ Financial Group had a net margin of 19.14% and a return on equity of 7.78%. The company had revenue of $19.25 billion during the quarter. As a group, equities research analysts forecast that Mitsubishi UFJ Financial Group, Inc. will post 0.79 EPS for the current fiscal year.

Mitsubishi UFJ Financial Group Company Profile

Mitsubishi UFJ Financial Group, Inc operates as the bank holding company for MUFG Bank, Ltd. that provides various financial services in Japan, the United States, Europe, Asia/Oceania, and internationally. It operates through Digital Service Business Group; Retail & Commercial Banking Business Group; Japanese Corporate & Investment Banking Business Group; Asset Management & Investor Services Business Group; Global Corporate & Investment Banking Business Group; Global Commercial Banking Business Group; and Global Markets Business Group segments.