Pacer Advisors Inc. Takes Position in Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG)

Pacer Advisors Inc. bought a new stake in shares of Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG – Get Rating) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 96,166 shares of the company’s stock, valued at approximately $641,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Penserra Capital Management LLC purchased a new position in Mitsubishi UFJ Financial Group in the 3rd quarter valued at $34,000. Eagle Bay Advisors LLC purchased a new position in Mitsubishi UFJ Financial Group in the 2nd quarter valued at $36,000. Allspring Global Investments Holdings LLC purchased a new position in Mitsubishi UFJ Financial Group in the 4th quarter valued at $44,000. AXA S.A. purchased a new position in Mitsubishi UFJ Financial Group in the 3rd quarter valued at $46,000. Finally, Stratos Wealth Partners LTD. purchased a new position in Mitsubishi UFJ Financial Group in the 3rd quarter valued at $48,000. Hedge funds and other institutional investors own 1.62% of the company’s stock.

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Mitsubishi UFJ Financial Group Stock Down 0.8 %

Shares of MUFG opened at $6.07 on Thursday. Mitsubishi UFJ Financial Group, Inc. has a 52-week low of $4.31 and a 52-week high of $7.71. The company has a market capitalization of $74.79 billion, a PE ratio of 25.29, a price-to-earnings-growth ratio of 0.83 and a beta of 0.66. The stock has a fifty day simple moving average of $6.55 and a two-hundred day simple moving average of $6.27.

Mitsubishi UFJ Financial Group (NYSE:MUFG – Get Rating) last issued its quarterly earnings data on Thursday, February 2nd. The company reported $0.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.08. The firm had revenue of $17.58 billion during the quarter. Mitsubishi UFJ Financial Group had a return on equity of 3.25% and a net margin of 4.71%. As a group, equities analysts anticipate that Mitsubishi UFJ Financial Group, Inc. will post 0.67 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, StockNews.com began coverage on Mitsubishi UFJ Financial Group in a research note on Thursday, March 16th. They issued a “hold” rating for the company.

Mitsubishi UFJ Financial Group Company Profile

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Mitsubishi UFJ Financial Group, Inc operates as a holding company, which provides financial services through its subsidiaries. It operates through the following segments: Integrated Retail Banking Business Group, Integrated Corporate Banking Business Group, Integrated Trust Assets Business Group, Integrated Global Business Group, Global Markets and Others.

Further Reading

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