Confluence Investment Management LLC Purchases 3,904 Shares of Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG)

Confluence Investment Management LLC raised its position in Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG) by 4.2% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 96,060 shares of the company’s stock after buying an additional 3,904 shares during the quarter. Confluence Investment Management LLC’s holdings in Mitsubishi UFJ Financial Group were worth $1,037,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in the company. Natixis Advisors L.P. raised its stake in shares of Mitsubishi UFJ Financial Group by 6.6% in the fourth quarter. Natixis Advisors L.P. now owns 11,787,853 shares of the company’s stock valued at $101,493,000 after buying an additional 727,837 shares during the period. Goldman Sachs Group Inc. raised its stake in shares of Mitsubishi UFJ Financial Group by 1.0% during the 4th quarter. Goldman Sachs Group Inc. now owns 11,508,806 shares of the company’s stock valued at $99,091,000 after purchasing an additional 115,364 shares during the period. Fisher Asset Management LLC bought a new stake in shares of Mitsubishi UFJ Financial Group during the 4th quarter valued at $57,968,000. Dimensional Fund Advisors LP raised its stake in shares of Mitsubishi UFJ Financial Group by 0.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 5,873,087 shares of the company’s stock valued at $50,567,000 after purchasing an additional 53,757 shares during the period. Finally, Chevy Chase Trust Holdings LLC raised its stake in shares of Mitsubishi UFJ Financial Group by 602.7% during the 1st quarter. Chevy Chase Trust Holdings LLC now owns 5,661,392 shares of the company’s stock valued at $57,916,000 after purchasing an additional 4,855,722 shares during the period. 13.59% of the stock is currently owned by institutional investors.

Mitsubishi UFJ Financial Group Stock Down 11.1 %

Shares of NYSE:MUFG traded down $1.23 during midday trading on Friday, reaching $9.82. 4,068,461 shares of the company traded hands, compared to its average volume of 1,846,953. Mitsubishi UFJ Financial Group, Inc. has a 12 month low of $7.38 and a 12 month high of $11.72. The firm has a market capitalization of $115.15 billion, a price-to-earnings ratio of 11.29, a price-to-earnings-growth ratio of 0.95 and a beta of 0.61. The firm’s fifty day moving average price is $10.71 and its two-hundred day moving average price is $10.21.

Mitsubishi UFJ Financial Group (NYSE:MUFG) last released its quarterly earnings data on Wednesday, May 15th. The company reported $0.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.06 by $0.07. Mitsubishi UFJ Financial Group had a return on equity of 7.45% and a net margin of 11.73%. The company had revenue of $22.78 billion for the quarter. Analysts forecast that Mitsubishi UFJ Financial Group, Inc. will post 0.88 earnings per share for the current year.

Mitsubishi UFJ Financial Group 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.