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

Millennium Management LLC lifted its holdings in shares of Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG) by 50.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 721,805 shares of the company’s stock after acquiring an additional 242,932 shares during the quarter. Millennium Management LLC’s holdings in Mitsubishi UFJ Financial Group were worth $8,460,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Whipplewood Advisors LLC acquired a new stake in Mitsubishi UFJ Financial Group during the 4th quarter valued at approximately $29,000. Steward Partners Investment Advisory LLC grew its position in shares of Mitsubishi UFJ Financial Group by 33.9% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 5,056 shares of the company’s stock worth $59,000 after buying an additional 1,279 shares in the last quarter. Sierra Ocean LLC acquired a new stake in shares of Mitsubishi UFJ Financial Group during the fourth quarter worth approximately $62,000. Addison Advisors LLC increased its stake in shares of Mitsubishi UFJ Financial Group by 26.0% in the fourth quarter. Addison Advisors LLC now owns 6,129 shares of the company’s stock worth $72,000 after buying an additional 1,263 shares during the last quarter. Finally, Cary Street Partners Financial LLC acquired a new stake in Mitsubishi UFJ Financial Group in the fourth quarter valued at $98,000. Institutional investors and hedge funds own 13.59% of the company’s stock.

Analysts Set New Price Targets

Separately, Wall Street Zen raised shares of Mitsubishi UFJ Financial Group from a “sell” rating to a “hold” rating in a report on Friday, May 16th.

Mitsubishi UFJ Financial Group Stock Down 0.8%

NYSE:MUFG opened at $13.55 on Monday. The company has a debt-to-equity ratio of 2.06, a quick ratio of 0.92 and a current ratio of 0.90. The company has a market capitalization of $163.52 billion, a price-to-earnings ratio of 12.43, a price-to-earnings-growth ratio of 1.16 and a beta of 0.39. Mitsubishi UFJ Financial Group, Inc. has a one year low of $8.75 and a one year high of $15.03. The stock has a 50-day simple moving average of $12.72 and a 200 day simple moving average of $12.42.

Mitsubishi UFJ Financial Group (NYSE:MUFG) last issued its quarterly earnings results on Thursday, May 15th. The company reported $0.13 earnings per share for the quarter, beating analysts’ consensus estimates of $0.03 by $0.10. The business had revenue of $22.91 billion during the quarter, compared to the consensus estimate of $6.47 billion. Mitsubishi UFJ Financial Group had a return on equity of 9.27% and a net margin of 14.19%. Sell-side analysts predict that Mitsubishi UFJ Financial Group, Inc. will post 0.99 EPS for the current fiscal year.

Mitsubishi UFJ Financial Group Company 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.