Alaethes Wealth LLC Purchases 3,767 Shares of Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG)

Alaethes Wealth LLC lifted its position in shares of Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG) by 1.9% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 203,955 shares of the company’s stock after purchasing an additional 3,767 shares during the quarter. Alaethes Wealth LLC’s holdings in Mitsubishi UFJ Financial Group were worth $2,228,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Rise Advisors LLC acquired a new position in shares of Mitsubishi UFJ Financial Group in the 1st quarter valued at approximately $27,000. EverSource Wealth Advisors LLC boosted its holdings in shares of Mitsubishi UFJ Financial Group by 133.0% in the fourth quarter. EverSource Wealth Advisors LLC now owns 3,648 shares of the company’s stock valued at $31,000 after buying an additional 2,082 shares during the period. Principal Securities Inc. bought a new stake in shares of Mitsubishi UFJ Financial Group during the fourth quarter worth $32,000. Whittier Trust Co. of Nevada Inc. acquired a new stake in shares of Mitsubishi UFJ Financial Group during the first quarter worth $39,000. Finally, Addison Advisors LLC lifted its position in Mitsubishi UFJ Financial Group by 123.4% in the 2nd quarter. Addison Advisors LLC now owns 4,609 shares of the company’s stock valued at $50,000 after acquiring an additional 2,546 shares in the last quarter. Institutional investors and hedge funds own 13.59% of the company’s stock.

Mitsubishi UFJ Financial Group Price Performance

Shares of NYSE MUFG opened at $10.44 on Friday. The company has a fifty day moving average price of $10.49 and a 200 day moving average price of $10.37. The firm has a market cap of $122.42 billion, a PE ratio of 12.00, a PEG ratio of 0.88 and a beta of 0.60. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 2.25. Mitsubishi UFJ Financial Group, Inc. has a 1-year low of $7.89 and a 1-year high of $11.72.

Mitsubishi UFJ Financial Group (NYSE:MUFG) last released its earnings results on Thursday, August 1st. The company reported $0.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.27 by $0.03. Mitsubishi UFJ Financial Group had a return on equity of 7.46% and a net margin of 11.73%. The business had revenue of $22.61 billion for the quarter. Research analysts predict that Mitsubishi UFJ Financial Group, Inc. will post 0.88 earnings per share for the current fiscal 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.