Norden Group LLC Raises Stock Position in Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG)

Norden Group LLC boosted its position in shares of Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG) by 45.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 36,170 shares of the company’s stock after acquiring an additional 11,314 shares during the period. Norden Group LLC’s holdings in Mitsubishi UFJ Financial Group were worth $424,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of MUFG. US Bancorp DE grew its stake in Mitsubishi UFJ Financial Group by 3.0% during the third quarter. US Bancorp DE now owns 267,689 shares of the company’s stock valued at $2,725,000 after acquiring an additional 7,676 shares in the last quarter. Janney Montgomery Scott LLC grew its stake in Mitsubishi UFJ Financial Group by 12.5% during the third quarter. Janney Montgomery Scott LLC now owns 118,568 shares of the company’s stock valued at $1,207,000 after acquiring an additional 13,196 shares in the last quarter. QRG Capital Management Inc. grew its stake in Mitsubishi UFJ Financial Group by 1.5% during the third quarter. QRG Capital Management Inc. now owns 687,065 shares of the company’s stock valued at $6,994,000 after acquiring an additional 10,315 shares in the last quarter. Assetmark Inc. grew its stake in Mitsubishi UFJ Financial Group by 9.5% during the third quarter. Assetmark Inc. now owns 46,058 shares of the company’s stock valued at $469,000 after acquiring an additional 3,997 shares in the last quarter. Finally, Atria Investments Inc grew its stake in Mitsubishi UFJ Financial Group by 17.1% during the third quarter. Atria Investments Inc now owns 306,507 shares of the company’s stock valued at $3,120,000 after acquiring an additional 44,800 shares in the last quarter. Hedge funds and other institutional investors own 13.59% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered shares of Mitsubishi UFJ Financial Group from a “hold” rating to a “sell” rating in a research report on Tuesday, February 25th.

Mitsubishi UFJ Financial Group Trading Up 0.9 %

Shares of Mitsubishi UFJ Financial Group stock opened at $12.84 on Tuesday. Mitsubishi UFJ Financial Group, Inc. has a 1 year low of $8.75 and a 1 year high of $13.34. The firm has a market cap of $154.95 billion, a PE ratio of 11.78, a PEG ratio of 1.16 and a beta of 0.61. The company has a debt-to-equity ratio of 2.06, a current ratio of 0.90 and a quick ratio of 0.92. The company has a 50 day simple moving average of $12.34 and a two-hundred day simple moving average of $11.42.

Mitsubishi UFJ Financial Group (NYSE:MUFG) last announced its earnings results on Tuesday, February 4th. The company reported $0.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.19 by $0.09. Mitsubishi UFJ Financial Group had a net margin of 14.19% and a return on equity of 9.27%. Analysts expect that Mitsubishi UFJ Financial Group, Inc. will post 0.99 earnings per share for the current fiscal year.

Mitsubishi UFJ Financial Group Profile

Mitsubishi UFJ Financial Group, Inc operates as the bank holding company, that engages in a range of financial businesses in Japan, the United States, Europe, Asia/Oceania, and internationally. It operates through seven segments: Digital Service, Retail & Commercial Banking, Japanese Corporate & Investment Banking, Global Commercial Banking, Asset Management & Investor Services, Global Corporate & Investment Banking, and Global Markets.