Foresight Global Investors Inc. Raises Stake in Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG)

Foresight Global Investors Inc. increased its position in shares of Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG - Free Report) by 19.5% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 434,927 shares of the company's stock after purchasing an additional 71,027 shares during the period. Mitsubishi UFJ Financial Group accounts for about 2.3% of Foresight Global Investors Inc.'s holdings, making the stock its 11th biggest holding. Foresight Global Investors Inc.'s holdings in Mitsubishi UFJ Financial Group were worth $4,697,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Rise Advisors LLC acquired a new stake in shares of Mitsubishi UFJ Financial Group during the first quarter valued at about $27,000. EverSource Wealth Advisors LLC increased its position in shares of Mitsubishi UFJ Financial Group by 133.0% during the fourth quarter. EverSource Wealth Advisors LLC now owns 3,648 shares of the company's stock valued at $31,000 after acquiring an additional 2,082 shares during the last quarter. Principal Securities Inc. acquired a new stake in shares of Mitsubishi UFJ Financial Group during the fourth quarter valued at about $32,000. Whittier Trust Co. of Nevada Inc. acquired a new stake in shares of Mitsubishi UFJ Financial Group during the first quarter valued at about $39,000. Finally, Addison Advisors LLC increased its position in shares of Mitsubishi UFJ Financial Group by 123.4% during the second 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 during the last quarter. 13.59% of the stock is currently owned by institutional investors and hedge funds.

Mitsubishi UFJ Financial Group Trading Down 2.5 %

Shares of MUFG traded down $0.26 during trading on Tuesday, reaching $10.18. 3,227,915 shares of the company traded hands, compared to its average volume of 2,629,291. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 2.25. The stock has a market cap of $119.31 billion, a PE ratio of 11.70, a price-to-earnings-growth ratio of 0.88 and a beta of 0.60. The stock has a 50-day simple moving average of $10.54 and a 200-day simple moving average of $10.37. Mitsubishi UFJ Financial Group, Inc. has a twelve month low of $7.89 and a twelve month high of $11.72.

Mitsubishi UFJ Financial Group (NYSE:MUFG - Get Free Report) last announced its quarterly earnings data on Thursday, August 1st. The company reported $0.30 earnings per share for the quarter, beating analysts' consensus estimates of $0.27 by $0.03. The firm had revenue of $22.61 billion during the quarter. Mitsubishi UFJ Financial Group had a net margin of 11.73% and a return on equity of 7.46%. On average, analysts anticipate that Mitsubishi UFJ Financial Group, Inc. will post 0.88 earnings per share for the current 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.