Foresight Global Investors Inc. Acquires 71,027 Shares of Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG)

Foresight Global Investors Inc. raised its holdings in Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG) by 19.5% in the 2nd quarter, Holdings Channel.com reports. The firm owned 434,927 shares of the company’s stock after acquiring an additional 71,027 shares during the period. Mitsubishi UFJ Financial Group makes up 2.3% of Foresight Global Investors Inc.’s investment portfolio, making the stock its 11th largest position. Foresight Global Investors Inc.’s holdings in Mitsubishi UFJ Financial Group were worth $4,697,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Russell Investments Group Ltd. grew its position in shares of Mitsubishi UFJ Financial Group by 19.3% in the fourth quarter. Russell Investments Group Ltd. now owns 23,179 shares of the company’s stock valued at $200,000 after purchasing an additional 3,753 shares in the last quarter. Principal Securities Inc. bought a new stake in shares of Mitsubishi UFJ Financial Group during the fourth quarter valued at about $32,000. BNP Paribas Financial Markets increased its position in shares of Mitsubishi UFJ Financial Group by 48.3% during the fourth quarter. BNP Paribas Financial Markets now owns 155,939 shares of the company’s stock valued at $1,343,000 after buying an additional 50,758 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of Mitsubishi UFJ Financial Group by 0.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 5,873,087 shares of the company’s stock worth $50,567,000 after buying an additional 53,757 shares in the last quarter. Finally, Envestnet Portfolio Solutions Inc. boosted its position in shares of Mitsubishi UFJ Financial Group by 6.4% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 90,446 shares of the company’s stock valued at $779,000 after acquiring an additional 5,436 shares during the period. Institutional investors own 13.59% of the company’s stock.

Mitsubishi UFJ Financial Group Price Performance

Shares of NYSE:MUFG opened at $10.44 on Tuesday. Mitsubishi UFJ Financial Group, Inc. has a 12 month low of $7.89 and a 12 month high of $11.72. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 2.25. The stock has a market cap of $121.64 billion, a P/E ratio of 11.99, a P/E/G ratio of 0.88 and a beta of 0.60. The company has a 50 day moving average of $10.55 and a 200 day moving average of $10.37.

Mitsubishi UFJ Financial Group (NYSE:MUFG) last released its quarterly earnings results on Thursday, August 1st. The company reported $0.30 EPS for the quarter, beating analysts’ consensus estimates of $0.27 by $0.03. Mitsubishi UFJ Financial Group had a net margin of 11.73% and a return on equity of 7.46%. The firm had revenue of $22.61 billion during the quarter. As a group, sell-side analysts forecast that Mitsubishi UFJ Financial Group, Inc. will post 0.88 EPS for the current fiscal year.

Mitsubishi UFJ Financial Group Profile

Mitsubishi UFJ Financial Group, Inc operates as the bank holding company for MUFG Bank, Ltd. that provides various financial services in Japan, the United States, Europe, Asia/Oceania, and internationally. It operates through Digital Service Business Group; Retail & Commercial Banking Business Group; Japanese Corporate & Investment Banking Business Group; Asset Management & Investor Services Business Group; Global Corporate & Investment Banking Business Group; Global Commercial Banking Business Group; and Global Markets Business Group segments.