Confluence Investment Management LLC Buys New Shares in Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG)

Confluence Investment Management LLC purchased a new stake in Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG) in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 92,156 shares of the company’s stock, valued at approximately $943,000.

Other hedge funds have also recently bought and sold shares of the company. Boston Common Asset Management LLC lifted its holdings in shares of Mitsubishi UFJ Financial Group by 3,036.1% during the fourth quarter. Boston Common Asset Management LLC now owns 402,579 shares of the company’s stock worth $3,466,000 after buying an additional 389,742 shares in the last quarter. Augustine Asset Management Inc. boosted its holdings in shares of Mitsubishi UFJ Financial Group by 310.1% during the 4th quarter. Augustine Asset Management Inc. now owns 236,727 shares of the company’s stock valued at $2,038,000 after acquiring an additional 178,998 shares in the last quarter. Wells Fargo & Company MN increased its holdings in Mitsubishi UFJ Financial Group by 6.7% in the 4th quarter. Wells Fargo & Company MN now owns 1,731,206 shares of the company’s stock worth $14,906,000 after purchasing an additional 108,026 shares in the last quarter. Federated Hermes Inc. raised its position in Mitsubishi UFJ Financial Group by 8,010.6% in the fourth quarter. Federated Hermes Inc. now owns 466,601 shares of the company’s stock valued at $4,017,000 after purchasing an additional 460,848 shares during the last quarter. Finally, Ritholtz Wealth Management grew its holdings in shares of Mitsubishi UFJ Financial Group by 10.9% during the fourth quarter. Ritholtz Wealth Management now owns 129,014 shares of the company’s stock worth $1,111,000 after purchasing an additional 12,702 shares during the last quarter. 13.59% of the stock is currently owned by institutional investors.

Mitsubishi UFJ Financial Group Price Performance

NYSE MUFG traded down $0.06 during trading hours on Tuesday, reaching $9.87. The company’s stock had a trading volume of 645,925 shares, compared to its average volume of 2,778,277. The firm has a fifty day simple moving average of $10.15 and a 200-day simple moving average of $9.68. The stock has a market cap of $115.74 billion, a P/E ratio of 11.41, a P/E/G ratio of 0.96 and a beta of 0.61. Mitsubishi UFJ Financial Group, Inc. has a 52 week low of $6.85 and a 52 week high of $11.22.

Mitsubishi UFJ Financial Group (NYSE:MUFG) last posted its quarterly earnings data on Wednesday, May 15th. The company reported $0.13 earnings per share for the quarter, beating analysts’ consensus estimates of $0.06 by $0.07. The business had revenue of $22.78 billion during the quarter. Mitsubishi UFJ Financial Group had a return on equity of 7.91% and a net margin of 12.68%. On average, research analysts expect that Mitsubishi UFJ Financial Group, Inc. will post 0.79 earnings per share for the current 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.