Sagespring Wealth Partners LLC Invests $318,000 in Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG)

Sagespring Wealth Partners LLC acquired a new position in shares of Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 27,170 shares of the company's stock, valued at approximately $318,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Whipplewood Advisors LLC acquired a new position in Mitsubishi UFJ Financial Group during the fourth quarter worth approximately $29,000. Wilmington Savings Fund Society FSB bought a new position in Mitsubishi UFJ Financial Group in the third quarter worth about $55,000. Steward Partners Investment Advisory LLC grew its position in shares of Mitsubishi UFJ Financial Group by 33.9% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 5,056 shares of the company's stock worth $59,000 after acquiring an additional 1,279 shares during the last quarter. Sierra Ocean LLC bought a new position in Mitsubishi UFJ Financial Group in the 4th quarter worth approximately $62,000. Finally, Versant Capital Management Inc acquired a new position in Mitsubishi UFJ Financial Group during the 4th quarter valued at about $71,000. 13.59% of the stock is currently owned by institutional investors and hedge funds.

Mitsubishi UFJ Financial Group Stock Performance

Shares of Mitsubishi UFJ Financial Group stock traded up $0.30 on Friday, reaching $11.87. The stock had a trading volume of 4,910,499 shares, compared to its average volume of 3,621,556. The stock has a market cap of $143.18 billion, a P/E ratio of 10.89, a price-to-earnings-growth ratio of 1.16 and a beta of 0.39. The business's 50-day moving average price is $12.83 and its two-hundred day moving average price is $12.01. The company has a debt-to-equity ratio of 2.06, a quick ratio of 0.92 and a current ratio of 0.90. Mitsubishi UFJ Financial Group, Inc. has a fifty-two week low of $8.75 and a fifty-two week high of $15.03.

Mitsubishi UFJ Financial Group (NYSE:MUFG - Get Free Report) last released its quarterly earnings results on Tuesday, February 4th. The company reported $0.28 earnings per share for the quarter, beating 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, sell-side analysts forecast that Mitsubishi UFJ Financial Group, Inc. will post 0.99 EPS for the current year.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded Mitsubishi UFJ Financial Group from a "sell" rating to a "hold" rating in a report on Friday.

Mitsubishi UFJ Financial Group 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.