Norden Group LLC Acquires 11,314 Shares of Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG)

Norden Group LLC lifted its holdings in Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG) by 45.5% in the fourth quarter, HoldingsChannel reports. The fund owned 36,170 shares of the company’s stock after buying an additional 11,314 shares during the period. Norden Group LLC’s holdings in Mitsubishi UFJ Financial Group were worth $424,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Whipplewood Advisors LLC bought a new stake in shares of Mitsubishi UFJ Financial Group in the 4th quarter worth approximately $29,000. Venturi Wealth Management LLC lifted its holdings in shares of Mitsubishi UFJ Financial Group by 72.8% in the 3rd quarter. Venturi Wealth Management LLC now owns 5,292 shares of the company’s stock worth $54,000 after acquiring an additional 2,229 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new stake in shares of Mitsubishi UFJ Financial Group in the 3rd quarter worth approximately $55,000. Sierra Ocean LLC bought a new stake in Mitsubishi UFJ Financial Group during the 4th quarter valued at $62,000. Finally, Versant Capital Management Inc bought a new stake in Mitsubishi UFJ Financial Group during the 4th quarter valued at $71,000. 13.59% of the stock is currently owned by institutional investors.

Mitsubishi UFJ Financial Group Trading Up 0.9 %

NYSE:MUFG opened at $12.84 on Tuesday. The company has a fifty day moving average of $12.34 and a 200 day moving average of $11.42. Mitsubishi UFJ Financial Group, Inc. has a 52 week low of $8.75 and a 52 week high of $13.34. The company has a quick ratio of 0.92, a current ratio of 0.90 and a debt-to-equity ratio of 2.06. The firm has a market capitalization of $154.95 billion, a P/E ratio of 11.78, a P/E/G ratio of 1.16 and a beta of 0.61.

Mitsubishi UFJ Financial Group (NYSE:MUFG) last posted its quarterly earnings results on Tuesday, February 4th. The company reported $0.28 EPS for the quarter, beating analysts’ consensus estimates 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%. On average, research analysts predict that Mitsubishi UFJ Financial Group, Inc. will post 0.99 earnings per share for the current year.

Analyst Upgrades and Downgrades

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

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.