Oppenheimer Asset Management Inc. Raises Holdings in Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG)

Oppenheimer Asset Management Inc. boosted its position in Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG - Free Report) by 83.2% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 125,282 shares of the company's stock after acquiring an additional 56,884 shares during the period. Oppenheimer Asset Management Inc.'s holdings in Mitsubishi UFJ Financial Group were worth $1,468,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Whipplewood Advisors LLC purchased a new position in shares of Mitsubishi UFJ Financial Group in the 4th quarter valued at approximately $29,000. Venturi Wealth Management LLC boosted its stake 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 acquiring an additional 2,229 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new position in shares of Mitsubishi UFJ Financial Group during the third quarter valued at approximately $55,000. Sierra Ocean LLC purchased a new stake in shares of Mitsubishi UFJ Financial Group in the 4th quarter worth approximately $62,000. Finally, Versant Capital Management Inc bought a new position in Mitsubishi UFJ Financial Group during the 4th quarter valued at approximately $71,000. Institutional investors own 13.59% of the company's stock.

Mitsubishi UFJ Financial Group Stock Performance

Shares of MUFG stock traded up $0.05 during mid-day trading on Friday, reaching $13.02. 3,880,863 shares of the company's stock traded hands, compared to its average volume of 2,400,864. The firm has a 50 day moving average price of $12.42 and a two-hundred day moving average price of $11.46. Mitsubishi UFJ Financial Group, Inc. has a 12 month low of $8.75 and a 12 month high of $13.34. The company has a debt-to-equity ratio of 2.06, a quick ratio of 0.92 and a current ratio of 0.90. The firm has a market capitalization of $157.07 billion, a PE ratio of 11.94, a price-to-earnings-growth ratio of 1.16 and a beta of 0.60.

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Mitsubishi UFJ Financial Group (NYSE:MUFG - Get Free Report) last posted its quarterly earnings results on Tuesday, February 4th. The company reported $0.28 EPS for the quarter, topping analysts' consensus estimates of $0.19 by $0.09. Mitsubishi UFJ Financial Group had a return on equity of 9.27% and a net margin of 14.19%. On average, research analysts forecast that Mitsubishi UFJ Financial Group, Inc. will post 0.99 EPS for the current year.

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 research note on Wednesday.

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.