Dorsey Wright & Associates grew its holdings in Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG - Free Report) by 12.0% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 403,508 shares of the company's stock after buying an additional 43,244 shares during the period. Dorsey Wright & Associates' holdings in Mitsubishi UFJ Financial Group were worth $4,108,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds have also modified their holdings of the company. Addison Advisors LLC increased its position in Mitsubishi UFJ Financial Group by 123.4% during the second quarter. Addison Advisors LLC now owns 4,609 shares of the company's stock worth $50,000 after purchasing an additional 2,546 shares during the last quarter. Family Firm Inc. acquired a new stake in Mitsubishi UFJ Financial Group during the second quarter worth about $53,000. Venturi Wealth Management LLC increased its position in Mitsubishi UFJ Financial Group by 72.8% during the third quarter. Venturi Wealth Management LLC now owns 5,292 shares of the company's stock worth $54,000 after purchasing an additional 2,229 shares during the last quarter. Rothschild Investment LLC acquired a new stake in Mitsubishi UFJ Financial Group during the second quarter worth about $68,000. Finally, Ashton Thomas Private Wealth LLC acquired a new stake in Mitsubishi UFJ Financial Group during the second quarter worth about $86,000. 13.59% of the stock is currently owned by institutional investors and hedge funds.
Mitsubishi UFJ Financial Group Trading Down 0.3 %
MUFG stock traded down $0.04 during mid-day trading on Friday, hitting $12.04. 1,186,512 shares of the company were exchanged, compared to its average volume of 1,604,989. 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 firm has a market capitalization of $140.35 billion, a P/E ratio of 11.80, a PEG ratio of 1.11 and a beta of 0.61. The business has a fifty day simple moving average of $11.07 and a 200-day simple moving average of $10.69. Mitsubishi UFJ Financial Group, Inc. has a 12-month low of $8.19 and a 12-month high of $12.31.
Wall Street Analysts Forecast Growth
Separately, StockNews.com raised shares of Mitsubishi UFJ Financial Group from a "sell" rating to a "hold" rating in a research note on Saturday, November 23rd.
Get Our Latest Stock Analysis on Mitsubishi UFJ Financial Group
About Mitsubishi UFJ Financial Group
(
Free Report)
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.
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