OLD National Bancorp IN Invests $238,000 in Mitsubishi UFJ Financial Group Inc (MUFG)

OLD National Bancorp IN bought a new position in shares of Mitsubishi UFJ Financial Group Inc (NYSE:MUFG) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 38,381 shares of the company’s stock, valued at approximately $238,000.

Several other hedge funds also recently added to or reduced their stakes in the company. LPL Financial LLC purchased a new stake in Mitsubishi UFJ Financial Group during the 1st quarter valued at about $103,000. Dorsey & Whitney Trust CO LLC purchased a new stake in Mitsubishi UFJ Financial Group during the 3rd quarter valued at about $193,000. Sawtooth Solutions LLC purchased a new stake in Mitsubishi UFJ Financial Group during the 3rd quarter valued at about $219,000. Dynamic Technology Lab Private Ltd purchased a new stake in Mitsubishi UFJ Financial Group during the 1st quarter valued at about $285,000. Finally, Whittier Trust Co. of Nevada Inc. purchased a new stake in Mitsubishi UFJ Financial Group during the 3rd quarter valued at about $291,000. 1.08% of the stock is owned by institutional investors and hedge funds.

Several analysts recently issued reports on the stock. Keefe, Bruyette & Woods raised shares of Mitsubishi UFJ Financial Group from a “market perform” rating to an “outperform” rating in a research note on Monday, July 9th. Daiwa Capital Markets raised shares of Mitsubishi UFJ Financial Group from a “neutral” rating to an “outperform” rating in a research note on Monday, September 3rd.

Shares of NYSE MUFG opened at $6.03 on Friday. Mitsubishi UFJ Financial Group Inc has a 12-month low of $5.49 and a 12-month high of $8.11. The stock has a market cap of $78.68 billion, a P/E ratio of 8.49, a price-to-earnings-growth ratio of 2.05 and a beta of 1.67. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.86 and a quick ratio of 0.86.

Mitsubishi UFJ Financial Group (NYSE:MUFG) last announced its quarterly earnings data on Thursday, August 2nd. The company reported $0.23 earnings per share (EPS) for the quarter. Mitsubishi UFJ Financial Group had a net margin of 16.35% and a return on equity of 6.56%. The company had revenue of $15.05 billion during the quarter. As a group, equities analysts forecast that Mitsubishi UFJ Financial Group Inc will post 0.67 earnings per share for the current year.

Mitsubishi UFJ Financial Group Company Profile

Mitsubishi UFJ Financial Group, Inc, a bank holding company, provides financial services in Japan and internationally. Its Retail Banking Business Group segment offers a range of products and services, such as bank deposits, loans, asset management and administration services, investment products, and settlement services.

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

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