Silver Oak Securities Incorporated Buys New Shares in Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG)

Silver Oak Securities Incorporated purchased a new stake in shares of Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG) during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund purchased 47,683 shares of the company’s stock, valued at approximately $483,000.

A number of other hedge funds have also modified their holdings of MUFG. Natixis Advisors LLC increased its holdings in Mitsubishi UFJ Financial Group by 3.2% in the 2nd quarter. Natixis Advisors LLC now owns 12,059,977 shares of the company’s stock worth $130,248,000 after buying an additional 379,105 shares during the period. Chevy Chase Trust Holdings LLC increased its stake in shares of Mitsubishi UFJ Financial Group by 3.8% in the second quarter. Chevy Chase Trust Holdings LLC now owns 5,879,191 shares of the company’s stock worth $63,495,000 after acquiring an additional 217,799 shares during the period. Envestnet Asset Management Inc. raised its holdings in shares of Mitsubishi UFJ Financial Group by 3.2% during the second quarter. Envestnet Asset Management Inc. now owns 4,440,510 shares of the company’s stock worth $47,958,000 after purchasing an additional 135,773 shares during the last quarter. Sei Investments Co. boosted its holdings in Mitsubishi UFJ Financial Group by 6.4% in the second quarter. Sei Investments Co. now owns 3,250,210 shares of the company’s stock valued at $35,102,000 after purchasing an additional 195,882 shares during the last quarter. Finally, Raymond James & Associates grew its position in Mitsubishi UFJ Financial Group by 4.3% during the 2nd quarter. Raymond James & Associates now owns 2,525,821 shares of the company’s stock worth $27,279,000 after purchasing an additional 104,256 shares during the period. 13.59% of the stock is owned by institutional investors and hedge funds.

Mitsubishi UFJ Financial Group Stock Performance

NYSE MUFG opened at $10.22 on Friday. The firm has a market capitalization of $119.14 billion, a P/E ratio of 12.31, a PEG ratio of 0.98 and a beta of 0.59. The stock has a 50-day simple moving average of $10.40 and a two-hundred day simple moving average of $10.37. 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, Inc. has a fifty-two week low of $7.89 and a fifty-two week high of $11.72.

Mitsubishi UFJ Financial Group (NYSE:MUFG) last announced its quarterly 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. The company had revenue of $22.61 billion during the quarter. Mitsubishi UFJ Financial Group had a return on equity of 7.46% and a net margin of 11.73%. On average, equities analysts forecast that Mitsubishi UFJ Financial Group, Inc. will post 0.95 earnings per share for the current year.

About Mitsubishi UFJ Financial Group

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.