Massachusetts Financial Services Co. MA Has $10.73 Million Stake in Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG)

Massachusetts Financial Services Co. MA boosted its holdings in Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG - Free Report) by 5.5% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 993,013 shares of the company's stock after buying an additional 52,064 shares during the quarter. Massachusetts Financial Services Co. MA's holdings in Mitsubishi UFJ Financial Group were worth $10,725,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Rise Advisors LLC purchased a new stake in shares of Mitsubishi UFJ Financial Group in the first quarter valued at $27,000. EverSource Wealth Advisors LLC lifted its stake in Mitsubishi UFJ Financial Group by 133.0% in the 4th quarter. EverSource Wealth Advisors LLC now owns 3,648 shares of the company's stock worth $31,000 after acquiring an additional 2,082 shares in the last quarter. Principal Securities Inc. acquired a new stake in Mitsubishi UFJ Financial Group during the 4th quarter worth about $32,000. Whittier Trust Co. of Nevada Inc. purchased a new position in Mitsubishi UFJ Financial Group during the 1st quarter valued at about $39,000. Finally, Addison Advisors LLC increased its holdings in shares of Mitsubishi UFJ Financial Group by 123.4% in the 2nd quarter. Addison Advisors LLC now owns 4,609 shares of the company's stock valued at $50,000 after purchasing an additional 2,546 shares during the period. Institutional investors and hedge funds own 13.59% of the company's stock.

Mitsubishi UFJ Financial Group Stock Up 1.1 %

Shares of NYSE MUFG traded up $0.11 during mid-day trading on Friday, reaching $10.44. The company had a trading volume of 2,723,812 shares, compared to its average volume of 2,624,267. The stock has a fifty day moving average of $10.49 and a two-hundred day moving average of $10.37. Mitsubishi UFJ Financial Group, Inc. has a 12-month low of $7.89 and a 12-month high of $11.72. The company has a market capitalization of $122.42 billion, a price-to-earnings ratio of 12.00, a PEG ratio of 0.88 and a beta of 0.60. The company has a debt-to-equity ratio of 2.25, a quick ratio of 0.92 and a current ratio of 0.92.

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