Versant Capital Management Inc Purchases New Position in Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG)

Versant Capital Management Inc acquired a new stake in Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG) in the fourth quarter, according to its most recent filing with the SEC. The fund acquired 6,040 shares of the company’s stock, valued at approximately $71,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Blue Trust Inc. raised its stake in shares of Mitsubishi UFJ Financial Group by 98.7% during the 3rd quarter. Blue Trust Inc. now owns 125,734 shares of the company’s stock valued at $1,358,000 after purchasing an additional 62,449 shares during the period. Barclays PLC bought a new stake in shares of Mitsubishi UFJ Financial Group during the third quarter valued at about $752,000. Federated Hermes Inc. lifted its holdings in shares of Mitsubishi UFJ Financial Group by 17.7% in the second quarter. Federated Hermes Inc. now owns 975,661 shares of the company’s stock worth $10,537,000 after buying an additional 146,904 shares in the last quarter. Fisher Asset Management LLC lifted its holdings in shares of Mitsubishi UFJ Financial Group by 15.7% in the third quarter. Fisher Asset Management LLC now owns 7,853,310 shares of the company’s stock worth $79,947,000 after buying an additional 1,067,409 shares in the last quarter. Finally, Bleakley Financial Group LLC grew its stake in Mitsubishi UFJ Financial Group by 11.8% during the third quarter. Bleakley Financial Group LLC now owns 25,613 shares of the company’s stock valued at $261,000 after acquiring an additional 2,701 shares in the last quarter. Institutional investors own 13.59% of the company’s stock.

Mitsubishi UFJ Financial Group Price Performance

Mitsubishi UFJ Financial Group stock opened at $11.75 on Monday. The stock has a market cap of $141.80 billion, a price-to-earnings ratio of 11.52, a PEG ratio of 1.12 and a beta of 0.62. The company has a quick ratio of 0.92, a current ratio of 0.91 and a debt-to-equity ratio of 2.04. The business has a 50-day simple moving average of $11.59 and a 200 day simple moving average of $10.89. Mitsubishi UFJ Financial Group, Inc. has a 52 week low of $8.51 and a 52 week high of $12.31.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded shares of Mitsubishi UFJ Financial Group from a “sell” rating to a “hold” rating in a research note on Saturday, November 23rd.

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.