Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG) Shares Bought by Naviter Wealth LLC

Naviter Wealth LLC grew its stake in Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG) by 13.4% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 262,208 shares of the company’s stock after buying an additional 31,029 shares during the quarter. Naviter Wealth LLC’s holdings in Mitsubishi UFJ Financial Group were worth $2,682,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of MUFG. Rise Advisors LLC acquired a new stake in Mitsubishi UFJ Financial Group during the first quarter valued at $27,000. EverSource Wealth Advisors LLC grew its holdings in Mitsubishi UFJ Financial Group by 133.0% in the fourth quarter. EverSource Wealth Advisors LLC now owns 3,648 shares of the company’s stock valued at $31,000 after purchasing an additional 2,082 shares during the period. Principal Securities Inc. purchased a new stake in shares of Mitsubishi UFJ Financial Group in the fourth quarter valued at approximately $32,000. Addison Advisors LLC raised its stake in shares of Mitsubishi UFJ Financial Group by 44.8% during the 4th quarter. Addison Advisors LLC now owns 5,209 shares of the company’s stock worth $45,000 after buying an additional 1,612 shares during the period. Finally, National Bank of Canada FI purchased a new position in shares of Mitsubishi UFJ Financial Group during the 4th quarter valued at approximately $61,000. Hedge funds and other institutional investors own 13.59% of the company’s stock.

Mitsubishi UFJ Financial Group Stock Performance

Mitsubishi UFJ Financial Group stock traded up $0.35 during trading on Tuesday, reaching $11.25. The company had a trading volume of 2,290,563 shares, compared to its average volume of 2,731,360. The firm has a market capitalization of $131.92 billion, a PE ratio of 12.91, a price-to-earnings-growth ratio of 1.03 and a beta of 0.61. Mitsubishi UFJ Financial Group, Inc. has a 1-year low of $7.32 and a 1-year high of $11.25. The firm’s 50-day simple moving average is $10.20 and its 200 day simple moving average is $9.79.

Mitsubishi UFJ Financial Group (NYSE:MUFG) last announced its earnings results on Wednesday, May 15th. The company reported $0.13 EPS 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%. Analysts anticipate that Mitsubishi UFJ Financial Group, Inc. will post 0.79 EPS 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.