Wolverine Asset Management LLC Invests $581,000 in Mitsubishi UFJ Financial Group Inc (MTU) Stock

Wolverine Asset Management LLC bought a new position in shares of Mitsubishi UFJ Financial Group Inc (NYSE:MTU) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 80,000 shares of the bank’s stock, valued at approximately $581,000.

Other hedge funds also recently made changes to their positions in the company. Oppenheimer Asset Management Inc. raised its stake in shares of Mitsubishi UFJ Financial Group by 36.2% during the third quarter. Oppenheimer Asset Management Inc. now owns 359,956 shares of the bank’s stock worth $2,318,000 after buying an additional 95,625 shares during the last quarter. Suntrust Banks Inc. raised its stake in shares of Mitsubishi UFJ Financial Group by 543.3% during the fourth quarter. Suntrust Banks Inc. now owns 393,792 shares of the bank’s stock worth $2,861,000 after buying an additional 332,578 shares during the last quarter. Accident Compensation Corp raised its stake in shares of Mitsubishi UFJ Financial Group by 10.4% during the fourth quarter. Accident Compensation Corp now owns 318,589 shares of the bank’s stock worth $2,316,000 after buying an additional 30,000 shares during the last quarter. Citadel Advisors LLC bought a new stake in shares of Mitsubishi UFJ Financial Group during the third quarter worth approximately $319,000. Finally, JPMorgan Chase & Co. raised its stake in shares of Mitsubishi UFJ Financial Group by 4.1% during the third quarter. JPMorgan Chase & Co. now owns 1,985,305 shares of the bank’s stock worth $12,745,000 after buying an additional 78,241 shares during the last quarter. Institutional investors own 1.00% of the company’s stock.

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Shares of NYSE:MTU opened at $6.64 on Friday. Mitsubishi UFJ Financial Group Inc has a 52 week low of $5.94 and a 52 week high of $8.11. The company has a market capitalization of $88,244.16, a price-to-earnings ratio of 10.38, a PEG ratio of 1.25 and a beta of 1.64.

Mitsubishi UFJ Financial Group (NYSE:MTU) last issued its earnings results on Friday, February 2nd. The bank reported $0.16 EPS for the quarter. Mitsubishi UFJ Financial Group had a net margin of 16.13% and a return on equity of 6.29%. The firm had revenue of $13.37 billion during the quarter. equities research analysts forecast that Mitsubishi UFJ Financial Group Inc will post 0.68 EPS for the current fiscal year.

A number of research firms recently weighed in on MTU. Daiwa Capital Markets downgraded shares of Mitsubishi UFJ Financial Group from an “outperform” rating to a “neutral” rating in a research note on Wednesday, January 10th. ValuEngine downgraded shares of Mitsubishi UFJ Financial Group from a “strong-buy” rating to a “buy” rating in a research note on Saturday, March 10th. Finally, Zacks Investment Research raised shares of Mitsubishi UFJ Financial Group from a “hold” rating to a “buy” rating and set a $7.50 price target for the company in a research note on Thursday, March 29th.

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About Mitsubishi UFJ Financial Group

Mitsubishi UFJ Financial Group, Inc (MUFJ) is a bank holding company. The Company’s segments include Integrated Retail Banking Business Group, Integrated Corporate Banking Business Group, Integrated Trust Assets Business Group, Integrated Global Business Group and Krungsri. The Company’s services include commercial banking, trust banking, securities, credit cards, consumer finance, asset management, leasing and various fields of financial services.

Institutional Ownership by Quarter for Mitsubishi UFJ Financial Group (NYSE:MTU)

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