Seven Eight Capital LP Buys New Position in Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG)

Seven Eight Capital LP acquired a new stake in Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 106,451 shares of the company's stock, valued at approximately $1,150,000.

Other hedge funds also recently added to or reduced their stakes in the company. Rise Advisors LLC purchased a new position in Mitsubishi UFJ Financial Group during the 1st quarter valued at about $27,000. EverSource Wealth Advisors LLC raised its stake in Mitsubishi UFJ Financial Group by 133.0% in the fourth quarter. EverSource Wealth Advisors LLC now owns 3,648 shares of the company's stock worth $31,000 after buying an additional 2,082 shares in the last quarter. Principal Securities Inc. bought a new position in Mitsubishi UFJ Financial Group in the fourth quarter worth approximately $32,000. Whittier Trust Co. of Nevada Inc. purchased a new stake in Mitsubishi UFJ Financial Group during the first quarter worth $39,000. Finally, Addison Advisors LLC boosted its position in Mitsubishi UFJ Financial Group by 123.4% during the 2nd 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 in the last quarter. 13.59% of the stock is owned by hedge funds and other institutional investors.

Mitsubishi UFJ Financial Group Stock Up 1.1 %

Shares of NYSE:MUFG traded up $0.11 on Friday, reaching $10.44. The company had a trading volume of 2,723,301 shares, compared to its average volume of 2,624,267. The firm has a market capitalization of $122.42 billion, a PE ratio of 12.00, a PEG ratio of 0.88 and a beta of 0.60. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 2.25. Mitsubishi UFJ Financial Group, Inc. has a 52-week low of $7.89 and a 52-week high of $11.72. The firm's 50 day simple moving average is $10.49 and its 200-day simple moving average is $10.37.

Mitsubishi UFJ Financial Group (NYSE:MUFG - Get Free Report) last posted its earnings results on Thursday, August 1st. The company reported $0.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.27 by $0.03. The company had revenue of $22.61 billion for the quarter. Mitsubishi UFJ Financial Group had a return on equity of 7.46% and a net margin of 11.73%. As a group, analysts expect that Mitsubishi UFJ Financial Group, Inc. will post 0.88 earnings per share for the current fiscal year.

Mitsubishi UFJ Financial Group Profile

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.