5 Best Cheap Stocks to Buy Now According to Billionaire Jim Simons

Page 5 of 5

1. Mitsubishi UFJ Financial Group, Inc. (NYSE: MUFG)

Simons’ Stake Value: $16,383,000
Percentage of Jim Simons’ 13F Portfolio: 0.02%
Number of Hedge Fund Holders:11

Mitsubishi UFJ Financial Group, Inc. (NYSE: MUFG) is a bank that provides services in the United States, Japan and Asia/Oceania. It is placed first on our list of 10 best cheap stocks to buy now according to billionaire Jim Simons. Mitsubishi UFJ stock has returned more than 38.85% to investors over the course of the past twelve months.

In January, Jefferies, upgraded the stock to “Buy” from “Hold.”

Renaissance holds more than 3.05 million shares in the company worth over $16 million, representing 0.02% of their portfolio. Renaissance has trimmed stakes in the firm by 26% in the past few months.

At the end of the first quarter of 2021, 11 hedge funds in the database of Insider Monkey held stakes worth $35.67 million in Mitsubishi UFJ Financial Group, Inc. (NYSE: MUFG), up from 8 the preceding quarter worth $28.75 million. 

You can also take a peek at 10 Best Hong Kong Stocks To Buy For 2021 and 10 Best Stocks To Buy According To Billionaire Larry Robbins 

Page 5 of 5