Artemis Investment Management LLP Acquires New Stake in Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG)

Artemis Investment Management LLP acquired a new stake in shares of Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 928,337 shares of the company's stock, valued at approximately $10,880,000.

Several other hedge funds have also recently modified their holdings of the stock. Eagle Bay Advisors LLC boosted its stake in Mitsubishi UFJ Financial Group by 9.3% during the fourth quarter. Eagle Bay Advisors LLC now owns 10,094 shares of the company's stock valued at $118,000 after buying an additional 858 shares during the last quarter. Franklin Resources Inc. grew its holdings in shares of Mitsubishi UFJ Financial Group by 1.9% in the third quarter. Franklin Resources Inc. now owns 49,208 shares of the company's stock valued at $526,000 after purchasing an additional 938 shares in the last quarter. Abel Hall LLC increased its position in Mitsubishi UFJ Financial Group by 4.9% in the third quarter. Abel Hall LLC now owns 20,388 shares of the company's stock worth $208,000 after purchasing an additional 949 shares during the last quarter. Waldron Private Wealth LLC raised its stake in Mitsubishi UFJ Financial Group by 9.0% during the third quarter. Waldron Private Wealth LLC now owns 11,742 shares of the company's stock valued at $120,000 after purchasing an additional 968 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. raised its stake in Mitsubishi UFJ Financial Group by 2.0% during the third quarter. Oppenheimer Asset Management Inc. now owns 68,398 shares of the company's stock valued at $696,000 after purchasing an additional 1,336 shares in the last quarter. Hedge funds and other institutional investors own 13.59% of the company's stock.

Mitsubishi UFJ Financial Group Trading Down 0.2 %

MUFG stock traded down $0.03 during midday trading on Monday, reaching $12.06. 1,969,935 shares of the company traded hands, compared to its average volume of 2,278,883. The firm has a market capitalization of $145.48 billion, a price-to-earnings ratio of 11.82, a P/E/G ratio of 1.09 and a beta of 0.62. Mitsubishi UFJ Financial Group, Inc. has a 52-week low of $8.73 and a 52-week high of $12.31. The business has a 50 day moving average of $11.82 and a 200-day moving average of $11.00. The company has a debt-to-equity ratio of 2.04, a quick ratio of 0.92 and a current ratio of 0.91.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded shares of Mitsubishi UFJ Financial Group from a "sell" rating to a "hold" rating in a report 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.