Versant Capital Management Inc Invests $71,000 in Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG)

Versant Capital Management Inc purchased a new stake in shares of Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 6,040 shares of the company’s stock, valued at approximately $71,000.

Several other hedge funds have also recently added to or reduced their stakes in MUFG. Fisher Asset Management LLC raised its holdings in shares of Mitsubishi UFJ Financial Group by 15.7% during the 3rd quarter. Fisher Asset Management LLC now owns 7,853,310 shares of the company’s stock valued at $79,947,000 after buying an additional 1,067,409 shares in the last quarter. Envestnet Asset Management Inc. boosted its holdings in Mitsubishi UFJ Financial Group by 3.2% during the 2nd quarter. Envestnet Asset Management Inc. now owns 4,440,510 shares of the company’s stock valued at $47,958,000 after acquiring an additional 135,773 shares during the period. Sei Investments Co. grew its position in Mitsubishi UFJ Financial Group by 6.4% during the 2nd quarter. Sei Investments Co. now owns 3,250,210 shares of the company’s stock worth $35,102,000 after acquiring an additional 195,882 shares during the last quarter. American Century Companies Inc. increased its stake in Mitsubishi UFJ Financial Group by 6.2% in the 2nd quarter. American Century Companies Inc. now owns 1,666,310 shares of the company’s stock worth $17,996,000 after purchasing an additional 96,645 shares during the period. Finally, Thornburg Investment Management Inc. boosted its stake in shares of Mitsubishi UFJ Financial Group by 154.2% during the second quarter. Thornburg Investment Management Inc. now owns 1,105,928 shares of the company’s stock valued at $12,041,000 after purchasing an additional 670,787 shares during the period. Institutional investors own 13.59% of the company’s stock.

Mitsubishi UFJ Financial Group Stock Up 0.8 %

Shares of Mitsubishi UFJ Financial Group stock opened at $11.75 on Monday. Mitsubishi UFJ Financial Group, Inc. has a twelve month low of $8.51 and a twelve month high of $12.31. The company has a market cap of $141.80 billion, a price-to-earnings ratio of 11.52, a price-to-earnings-growth ratio of 1.12 and a beta of 0.62. The company has a quick ratio of 0.92, a current ratio of 0.91 and a debt-to-equity ratio of 2.04. The company’s 50 day moving average is $11.59 and its 200 day moving average is $10.89.

Wall Street Analysts Forecast Growth

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

Mitsubishi UFJ Financial Group 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.