Renaissance Technologies LLC Purchases 63,900 Shares of Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG)

Renaissance Technologies LLC boosted its position in Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG) by 38.0% during the 2nd quarter, Holdings Channel.com reports. The fund owned 231,900 shares of the company’s stock after buying an additional 63,900 shares during the quarter. Renaissance Technologies LLC’s holdings in Mitsubishi UFJ Financial Group were worth $2,505,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in MUFG. Rise Advisors LLC acquired a new stake in shares of Mitsubishi UFJ Financial Group during the 1st quarter worth approximately $27,000. Whittier Trust Co. of Nevada Inc. bought a new position in shares of Mitsubishi UFJ Financial Group in the 1st quarter worth $39,000. Addison Advisors LLC increased its holdings in Mitsubishi UFJ Financial Group by 123.4% in the second quarter. Addison Advisors LLC now owns 4,609 shares of the company’s stock valued at $50,000 after purchasing an additional 2,546 shares during the last quarter. Family Firm Inc. acquired a new position in Mitsubishi UFJ Financial Group in the second quarter valued at about $53,000. Finally, EverSource Wealth Advisors LLC boosted its holdings in Mitsubishi UFJ Financial Group by 60.9% during the first quarter. EverSource Wealth Advisors LLC now owns 5,870 shares of the company’s stock worth $58,000 after buying an additional 2,222 shares during the last quarter. 13.59% of the stock is currently owned by institutional investors and hedge funds.

Mitsubishi UFJ Financial Group Stock Performance

Shares of MUFG stock opened at $10.21 on Wednesday. The stock has a market cap of $119.67 billion, a PE ratio of 11.73, a price-to-earnings-growth ratio of 0.94 and a beta of 0.60. The stock has a 50-day moving average of $10.35 and a 200-day moving average of $10.35. The company has a debt-to-equity ratio of 2.25, a current ratio of 0.92 and a quick ratio of 0.92. Mitsubishi UFJ Financial Group, Inc. has a one year low of $7.89 and a one year high of $11.72.

Mitsubishi UFJ Financial Group (NYSE:MUFG) last issued its earnings results on Thursday, August 1st. The company reported $0.30 EPS for the quarter, beating the consensus estimate of $0.27 by $0.03. The firm had revenue of $22.61 billion during the quarter. Mitsubishi UFJ Financial Group had a net margin of 11.73% and a return on equity of 7.46%. As a group, sell-side analysts expect that Mitsubishi UFJ Financial Group, Inc. will post 0.98 earnings per share for the current 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.