Renaissance Technologies LLC Boosts Stock Position in Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG)

Renaissance Technologies LLC lifted its holdings in Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG) by 38.0% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 231,900 shares of the company’s stock after buying an additional 63,900 shares during the period. Renaissance Technologies LLC’s holdings in Mitsubishi UFJ Financial Group were worth $2,505,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Massachusetts Financial Services Co. MA increased its stake in Mitsubishi UFJ Financial Group by 5.5% during the second quarter. Massachusetts Financial Services Co. MA now owns 993,013 shares of the company’s stock worth $10,725,000 after acquiring an additional 52,064 shares during the last quarter. Capital Wealth Planning LLC increased its position in shares of Mitsubishi UFJ Financial Group by 10.5% during the 2nd quarter. Capital Wealth Planning LLC now owns 502,017 shares of the company’s stock valued at $5,422,000 after purchasing an additional 47,654 shares during the last quarter. Envestnet Asset Management Inc. increased its position in shares of Mitsubishi UFJ Financial Group by 3.2% during the 2nd quarter. Envestnet Asset Management Inc. now owns 4,440,510 shares of the company’s stock valued at $47,958,000 after purchasing an additional 135,773 shares during the last quarter. Oppenheimer Asset Management Inc. raised its holdings in Mitsubishi UFJ Financial Group by 49.6% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 67,062 shares of the company’s stock valued at $724,000 after buying an additional 22,230 shares during the period. Finally, SYM FINANCIAL Corp bought a new stake in Mitsubishi UFJ Financial Group in the second quarter worth $109,000. 13.59% of the stock is currently owned by hedge funds and other institutional investors.

Mitsubishi UFJ Financial Group Trading Up 0.2 %

MUFG stock opened at $10.21 on Wednesday. Mitsubishi UFJ Financial Group, Inc. has a twelve month low of $7.89 and a twelve month high of $11.72. The stock has a market capitalization of $119.67 billion, a price-to-earnings ratio of 11.73, a price-to-earnings-growth ratio of 0.94 and a beta of 0.60. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 2.25. The firm’s fifty day simple moving average is $10.35 and its two-hundred day simple moving average is $10.35.

Mitsubishi UFJ Financial Group (NYSE:MUFG) last posted its quarterly earnings data on Thursday, August 1st. The company reported $0.30 earnings per share for the quarter, topping analysts’ consensus estimates of $0.27 by $0.03. Mitsubishi UFJ Financial Group had a net margin of 11.73% and a return on equity of 7.46%. The company had revenue of $22.61 billion for the quarter. As a group, analysts anticipate that Mitsubishi UFJ Financial Group, Inc. will post 0.98 earnings per share for the current year.

About Mitsubishi UFJ Financial Group

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.