Ritholtz Wealth Management decreased its position in shares of Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG – Free Report) by 3.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 190,619 shares of the company’s stock after selling 6,609 shares during the period. Ritholtz Wealth Management’s holdings in Mitsubishi UFJ Financial Group were worth $2,615,000 as of its most recent SEC filing.
Several other institutional investors also recently added to or reduced their stakes in the company. Sagespring Wealth Partners LLC increased its position in Mitsubishi UFJ Financial Group by 31.8% during the second quarter. Sagespring Wealth Partners LLC now owns 52,177 shares of the company’s stock worth $716,000 after buying an additional 12,584 shares during the period. TD Asset Management Inc increased its holdings in shares of Mitsubishi UFJ Financial Group by 152.2% in the second quarter. TD Asset Management Inc now owns 620,899 shares of the company’s stock valued at $8,519,000 after purchasing an additional 374,752 shares during the period. Naviter Wealth LLC increased its holdings in shares of Mitsubishi UFJ Financial Group by 4.0% in the second quarter. Naviter Wealth LLC now owns 262,612 shares of the company’s stock valued at $3,669,000 after purchasing an additional 10,216 shares during the period. Moran Wealth Management LLC increased its holdings in shares of Mitsubishi UFJ Financial Group by 1.5% in the second quarter. Moran Wealth Management LLC now owns 345,664 shares of the company’s stock valued at $4,743,000 after purchasing an additional 5,224 shares during the period. Finally, Sequoia Financial Advisors LLC increased its holdings in shares of Mitsubishi UFJ Financial Group by 9.8% in the second quarter. Sequoia Financial Advisors LLC now owns 52,863 shares of the company’s stock valued at $725,000 after purchasing an additional 4,733 shares during the period. Institutional investors and hedge funds own 13.59% of the company’s stock.
Mitsubishi UFJ Financial Group Trading Down 0.1%
NYSE:MUFG opened at $15.11 on Friday. The stock has a fifty day moving average price of $15.44 and a two-hundred day moving average price of $13.95. The stock has a market capitalization of $182.34 billion, a price-to-earnings ratio of 13.99, a PEG ratio of 1.10 and a beta of 0.38. The company has a debt-to-equity ratio of 1.86, a quick ratio of 0.89 and a current ratio of 0.89. Mitsubishi UFJ Financial Group, Inc. has a 1 year low of $10.15 and a 1 year high of $16.24.
Analyst Upgrades and Downgrades
MUFG has been the topic of a number of recent research reports. Weiss Ratings reissued a “hold (c)” rating on shares of Mitsubishi UFJ Financial Group in a report on Wednesday, October 8th. Wall Street Zen raised Mitsubishi UFJ Financial Group from a “sell” rating to a “hold” rating in a report on Saturday, August 9th. Finally, Zacks Research raised Mitsubishi UFJ Financial Group from a “hold” rating to a “strong-buy” rating in a report on Tuesday, August 26th. One analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Buy”.
Get Our Latest Analysis on Mitsubishi UFJ Financial Group
About Mitsubishi UFJ Financial Group
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.
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