Confluence Investment Management LLC Has $1.32 Million Stake in Mitsubishi UFJ Financial Group, Inc. $MUFG

Confluence Investment Management LLC boosted its holdings in shares of Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG) by 4.4% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 96,217 shares of the company’s stock after purchasing an additional 4,070 shares during the period. Confluence Investment Management LLC’s holdings in Mitsubishi UFJ Financial Group were worth $1,320,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Jane Street Group LLC bought a new position in shares of Mitsubishi UFJ Financial Group in the 4th quarter worth $1,540,000. Ameriprise Financial Inc. lifted its holdings in Mitsubishi UFJ Financial Group by 9.5% during the fourth quarter. Ameriprise Financial Inc. now owns 262,837 shares of the company’s stock worth $3,081,000 after acquiring an additional 22,804 shares in the last quarter. Cetera Investment Advisers lifted its holdings in shares of Mitsubishi UFJ Financial Group by 3.0% in the fourth quarter. Cetera Investment Advisers now owns 128,080 shares of the company’s stock valued at $1,501,000 after purchasing an additional 3,790 shares in the last quarter. Focus Partners Wealth bought a new stake in shares of Mitsubishi UFJ Financial Group in the fourth quarter valued at about $163,000. Finally, Millennium Management LLC lifted its holdings in shares of Mitsubishi UFJ Financial Group by 50.7% in the fourth quarter. Millennium Management LLC now owns 721,805 shares of the company’s stock valued at $8,460,000 after purchasing an additional 242,932 shares in the last quarter. 13.59% of the stock is owned by institutional investors and hedge funds.

Mitsubishi UFJ Financial Group Price Performance

NYSE:MUFG opened at $15.57 on Friday. The company has a debt-to-equity ratio of 1.86, a quick ratio of 0.89 and a current ratio of 0.89. The stock’s 50-day simple moving average is $14.62 and its 200 day simple moving average is $13.63. The company has a market cap of $187.89 billion, a P/E ratio of 14.42, a P/E/G ratio of 1.14 and a beta of 0.39. Mitsubishi UFJ Financial Group, Inc. has a 52-week low of $9.85 and a 52-week high of $16.16.

Mitsubishi UFJ Financial Group (NYSE:MUFG) last released its earnings results on Monday, August 4th. The company reported $0.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.29 by $0.03. The business had revenue of $22.10 billion for the quarter, compared to the consensus estimate of $9.86 billion. Mitsubishi UFJ Financial Group had a return on equity of 9.35% and a net margin of 13.95%. As a group, sell-side analysts forecast that Mitsubishi UFJ Financial Group, Inc. will post 0.99 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. Wall Street Zen upgraded Mitsubishi UFJ Financial Group from a “sell” rating to a “hold” rating in a report on Saturday, August 9th. Zacks Research upgraded Mitsubishi UFJ Financial Group from a “hold” rating to a “strong-buy” rating in a report on Tuesday, August 26th. One equities research analyst has rated the stock with a Strong Buy rating, Based on data from MarketBeat, the company has an average rating of “Strong Buy”.

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.