Lake Street Advisors Group LLC Boosts Stake in Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG)

Lake Street Advisors Group LLC increased its stake in shares of Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG) by 16.9% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 27,459 shares of the company’s stock after purchasing an additional 3,965 shares during the period. Lake Street Advisors Group LLC’s holdings in Mitsubishi UFJ Financial Group were worth $281,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Fisher Asset Management LLC acquired a new position in Mitsubishi UFJ Financial Group in the fourth quarter valued at approximately $57,968,000. Chevy Chase Trust Holdings LLC grew its holdings in shares of Mitsubishi UFJ Financial Group by 602.7% in the 1st quarter. Chevy Chase Trust Holdings LLC now owns 5,661,392 shares of the company’s stock worth $57,916,000 after acquiring an additional 4,855,722 shares during the period. Natixis Advisors L.P. grew its stake in Mitsubishi UFJ Financial Group by 6.6% in the 4th quarter. Natixis Advisors L.P. now owns 11,787,853 shares of the company’s stock valued at $101,493,000 after acquiring an additional 727,837 shares during the last quarter. Brandes Investment Partners LP lifted its stake in Mitsubishi UFJ Financial Group by 42.8% in the 4th quarter. Brandes Investment Partners LP now owns 2,410,931 shares of the company’s stock valued at $20,758,000 after buying an additional 722,644 shares in the last quarter. Finally, Moran Wealth Management LLC acquired a new stake in shares of Mitsubishi UFJ Financial Group during the fourth quarter valued at $5,070,000. 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 down $0.18 during trading on Thursday, hitting $11.03. The company’s stock had a trading volume of 1,421,557 shares, compared to its average volume of 2,593,811. The stock has a market capitalization of $129.34 billion, a price-to-earnings ratio of 12.68, a P/E/G ratio of 0.98 and a beta of 0.61. The stock’s fifty day moving average is $10.57 and its 200 day moving average is $10.10. Mitsubishi UFJ Financial Group, Inc. has a 1-year low of $7.38 and a 1-year high of $11.48.

Mitsubishi UFJ Financial Group (NYSE:MUFG) last announced its quarterly earnings results on Wednesday, May 15th. The company reported $0.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.06 by $0.07. Mitsubishi UFJ Financial Group had a return on equity of 7.91% and a net margin of 12.68%. The firm had revenue of $22.78 billion during the quarter. On average, research analysts anticipate that Mitsubishi UFJ Financial Group, Inc. will post 0.88 EPS for the current fiscal 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.