Renaissance Technologies LLC Increases Stake in Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG)

Renaissance Technologies LLC lifted its stake in shares of Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG) by 1.4% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 561,631 shares of the company’s stock after purchasing an additional 7,720 shares during the quarter. Renaissance Technologies LLC’s holdings in Mitsubishi UFJ Financial Group were worth $6,582,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Whipplewood Advisors LLC purchased a new stake in shares of Mitsubishi UFJ Financial Group during the fourth quarter worth about $29,000. Wilmington Savings Fund Society FSB purchased a new position in Mitsubishi UFJ Financial Group in the third quarter valued at about $55,000. Steward Partners Investment Advisory LLC lifted its position in Mitsubishi UFJ Financial Group by 33.9% during the 4th 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 in the last quarter. Sierra Ocean LLC purchased a new position in shares of Mitsubishi UFJ Financial Group in the fourth quarter valued at $62,000. Finally, Versant Capital Management Inc purchased a new stake in shares of Mitsubishi UFJ Financial Group during the fourth quarter worth about $71,000. 13.59% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded shares of Mitsubishi UFJ Financial Group from a “sell” rating to a “hold” rating in a research note on Friday.

Mitsubishi UFJ Financial Group Stock Up 2.5 %

Shares of NYSE:MUFG opened at $11.87 on Friday. 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 company’s fifty day moving average is $12.83 and its two-hundred day moving average is $12.01. Mitsubishi UFJ Financial Group, Inc. has a 1-year low of $8.75 and a 1-year high of $15.03. The stock has a market capitalization of $143.18 billion, a price-to-earnings ratio of 10.89, a price-to-earnings-growth ratio of 1.16 and a beta of 0.39.

Mitsubishi UFJ Financial Group (NYSE:MUFG) last posted its earnings results on Tuesday, February 4th. The company reported $0.28 EPS for the quarter, topping the consensus estimate of $0.19 by $0.09. Mitsubishi UFJ Financial Group had a net margin of 14.19% and a return on equity of 9.27%. Equities analysts anticipate that Mitsubishi UFJ Financial Group, Inc. will post 0.99 EPS for the current year.

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.