HBK Sorce Advisory LLC Invests $155,000 in Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG)

HBK Sorce Advisory LLC bought a new position in shares of Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG) during the fourth quarter, according to its most recent filing with the SEC. The fund bought 13,245 shares of the company’s stock, valued at approximately $155,000.

Other hedge funds also recently made changes to their positions in the company. Barclays PLC bought a new stake in Mitsubishi UFJ Financial Group in the 3rd quarter valued at about $752,000. Fisher Asset Management LLC raised its stake in Mitsubishi UFJ Financial Group by 15.7% in the 3rd quarter. Fisher Asset Management LLC now owns 7,853,310 shares of the company’s stock valued at $79,947,000 after acquiring an additional 1,067,409 shares during the period. Custom Index Systems LLC bought a new stake in Mitsubishi UFJ Financial Group in the 4th quarter valued at about $281,000. Synovus Financial Corp raised its stake in Mitsubishi UFJ Financial Group by 24.4% in the 3rd quarter. Synovus Financial Corp now owns 301,550 shares of the company’s stock valued at $3,070,000 after acquiring an additional 59,053 shares during the period. Finally, JPMorgan Chase & Co. raised its stake in Mitsubishi UFJ Financial Group by 41.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 258,298 shares of the company’s stock valued at $2,629,000 after acquiring an additional 75,997 shares during the period. 13.59% of the stock is currently owned by institutional investors.

Mitsubishi UFJ Financial Group Stock Up 3.8 %

MUFG stock opened at $13.68 on Friday. 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 $165.03 billion, a PE ratio of 12.55, a PEG ratio of 1.16 and a beta of 0.60. Mitsubishi UFJ Financial Group, Inc. has a twelve month low of $8.75 and a twelve month high of $13.71. The stock has a 50-day simple moving average of $12.58 and a two-hundred day simple moving average of $11.57.

Mitsubishi UFJ Financial Group (NYSE:MUFG) last posted its earnings results on Tuesday, February 4th. The company reported $0.28 earnings per share for the quarter, beating analysts’ consensus estimates of $0.19 by $0.09. Mitsubishi UFJ Financial Group had a return on equity of 9.27% and a net margin of 14.19%. On average, equities analysts predict that Mitsubishi UFJ Financial Group, Inc. will post 0.99 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded Mitsubishi UFJ Financial Group from a “sell” rating to a “hold” rating in a research note on Wednesday, March 5th.

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.