Sagespring Wealth Partners LLC acquired a new position in shares of Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 27,170 shares of the company's stock, valued at approximately $318,000.
Other hedge funds have also recently added to or reduced their stakes in the company. Whipplewood Advisors LLC acquired a new stake in shares of Mitsubishi UFJ Financial Group during the 4th quarter worth approximately $29,000. Steward Partners Investment Advisory LLC boosted its stake in Mitsubishi UFJ Financial Group by 33.9% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 5,056 shares of the company's stock worth $59,000 after buying an additional 1,279 shares in the last quarter. Sierra Ocean LLC bought a new stake in Mitsubishi UFJ Financial Group in the 4th quarter valued at $62,000. Wilmington Savings Fund Society FSB acquired a new position in Mitsubishi UFJ Financial Group in the third quarter worth about $55,000. Finally, Versant Capital Management Inc bought a new position in Mitsubishi UFJ Financial Group during the fourth quarter worth about $71,000. Institutional investors own 13.59% of the company's stock.
Mitsubishi UFJ Financial Group Trading Down 1.8 %
Shares of NYSE:MUFG traded down $0.22 during midday trading on Monday, hitting $11.66. The company had a trading volume of 950,724 shares, compared to its average volume of 3,614,881. The company has a current ratio of 0.90, a quick ratio of 0.92 and a debt-to-equity ratio of 2.06. The stock has a market cap of $140.65 billion, a price-to-earnings ratio of 10.70, a PEG ratio of 1.16 and a beta of 0.39. The firm has a fifty day simple moving average of $12.83 and a 200 day simple moving average of $12.04. Mitsubishi UFJ Financial Group, Inc. has a 12 month low of $8.75 and a 12 month high of $15.03.
Mitsubishi UFJ Financial Group (NYSE:MUFG - Get Free Report) last posted its quarterly earnings data on Tuesday, February 4th. The company reported $0.28 earnings per share for the quarter, topping the consensus estimate of $0.19 by $0.09. Mitsubishi UFJ Financial Group had a return on equity of 9.27% and a net margin of 14.19%. On average, analysts predict that Mitsubishi UFJ Financial Group, Inc. will post 0.99 EPS for the current year.
Analysts Set New Price Targets
Separately, StockNews.com upgraded shares of Mitsubishi UFJ Financial Group from a "sell" rating to a "hold" rating in a research report on Friday.
Get Our Latest Research Report on MUFG
About Mitsubishi UFJ Financial Group
(
Free Report)
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.
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