Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG) Stake Boosted by Procyon Advisors LLC

Procyon Advisors LLC boosted its stake in shares of Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG) by 18.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 39,459 shares of the company’s stock after purchasing an additional 6,244 shares during the quarter. Procyon Advisors LLC’s holdings in Mitsubishi UFJ Financial Group were worth $462,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. American Century Companies Inc. boosted its stake in Mitsubishi UFJ Financial Group by 6.2% during the 2nd quarter. American Century Companies Inc. now owns 1,666,310 shares of the company’s stock valued at $17,996,000 after purchasing an additional 96,645 shares during the period. Oppenheimer Asset Management Inc. boosted its position in shares of Mitsubishi UFJ Financial Group by 49.6% during the second quarter. Oppenheimer Asset Management Inc. now owns 67,062 shares of the company’s stock worth $724,000 after buying an additional 22,230 shares during the period. Massachusetts Financial Services Co. MA grew its holdings in Mitsubishi UFJ Financial Group by 5.5% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 993,013 shares of the company’s stock worth $10,725,000 after buying an additional 52,064 shares in the last quarter. Renaissance Technologies LLC grew its holdings in Mitsubishi UFJ Financial Group by 38.0% in the 2nd quarter. Renaissance Technologies LLC now owns 231,900 shares of the company’s stock worth $2,505,000 after buying an additional 63,900 shares in the last quarter. Finally, Brighton Jones LLC acquired a new stake in Mitsubishi UFJ Financial Group in the 2nd quarter valued at approximately $121,000. Institutional investors and hedge funds own 13.59% of the company’s stock.

Mitsubishi UFJ Financial Group Stock Down 0.2 %

MUFG stock opened at $12.06 on Friday. The firm’s 50-day moving average is $11.82 and its two-hundred day moving average is $11.00. The company has a market capitalization of $145.48 billion, a price-to-earnings ratio of 11.82, a price-to-earnings-growth ratio of 1.09 and a beta of 0.62. Mitsubishi UFJ Financial Group, Inc. has a 52 week low of $8.73 and a 52 week high of $12.31. The company has a current ratio of 0.91, a quick ratio of 0.92 and a debt-to-equity ratio of 2.04.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded Mitsubishi UFJ Financial Group from a “sell” rating to a “hold” rating in a research report on Saturday, November 23rd.

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.