FDx Advisors Inc. acquired a new stake in Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG – Free Report) during the second quarter, according to its most recent filing with the SEC. The firm acquired 24,525 shares of the company’s stock, valued at approximately $181,000.
A number of other hedge funds have also recently bought and sold shares of the company. Procyon Advisors LLC bought a new position in shares of Mitsubishi UFJ Financial Group in the 2nd quarter worth $137,000. Ritholtz Wealth Management boosted its position in shares of Mitsubishi UFJ Financial Group by 19.8% in the 2nd quarter. Ritholtz Wealth Management now owns 94,049 shares of the company’s stock worth $693,000 after purchasing an additional 15,569 shares during the last quarter. Valeo Financial Advisors LLC boosted its position in shares of Mitsubishi UFJ Financial Group by 9.3% in the 2nd quarter. Valeo Financial Advisors LLC now owns 33,969 shares of the company’s stock worth $250,000 after purchasing an additional 2,878 shares during the last quarter. First Trust Direct Indexing L.P. boosted its position in shares of Mitsubishi UFJ Financial Group by 2.0% in the 2nd quarter. First Trust Direct Indexing L.P. now owns 383,589 shares of the company’s stock worth $2,827,000 after purchasing an additional 7,691 shares during the last quarter. Finally, Cambridge Investment Research Advisors Inc. bought a new position in shares of Mitsubishi UFJ Financial Group in the 2nd quarter worth $78,000. 1.76% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
Separately, StockNews.com started coverage on Mitsubishi UFJ Financial Group in a research report on Thursday, August 17th. They issued a “hold” rating on the stock.
Mitsubishi UFJ Financial Group Stock Performance
Shares of Mitsubishi UFJ Financial Group stock opened at $8.55 on Tuesday. The company has a market capitalization of $105.28 billion, a PE ratio of 8.99, a PEG ratio of 1.34 and a beta of 0.66. Mitsubishi UFJ Financial Group, Inc. has a 12 month low of $4.31 and a 12 month high of $9.04. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 2.71. The stock’s fifty day simple moving average is $8.12 and its 200 day simple moving average is $7.25.
Mitsubishi UFJ Financial Group (NYSE:MUFG – Get Free Report) last released its quarterly earnings results on Tuesday, August 1st. The company reported $0.35 earnings per share (EPS) for the quarter. Mitsubishi UFJ Financial Group had a return on equity of 5.59% and a net margin of 16.02%. The firm had revenue of $20.21 billion for the quarter. On average, research analysts predict that Mitsubishi UFJ Financial Group, Inc. will post 0.74 EPS for the current year.
About Mitsubishi UFJ Financial Group
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.
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