Journey Advisory Group LLC Sells 65,463 Shares of Mitsubishi UFJ Financial Group, Inc. $MUFG

Journey Advisory Group LLC lessened its stake in shares of Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG) by 11.1% during the second quarter, Holdings Channel reports. The fund owned 522,088 shares of the company’s stock after selling 65,463 shares during the quarter. Journey Advisory Group LLC’s holdings in Mitsubishi UFJ Financial Group were worth $7,163,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of MUFG. GAMMA Investing LLC increased its stake in Mitsubishi UFJ Financial Group by 23.0% in the first quarter. GAMMA Investing LLC now owns 44,607 shares of the company’s stock valued at $608,000 after purchasing an additional 8,349 shares in the last quarter. SG Americas Securities LLC boosted its position in shares of Mitsubishi UFJ Financial Group by 143.2% during the 1st quarter. SG Americas Securities LLC now owns 40,264 shares of the company’s stock worth $549,000 after purchasing an additional 23,706 shares in the last quarter. Wealth Enhancement Advisory Services LLC acquired a new stake in shares of Mitsubishi UFJ Financial Group in the 1st quarter valued at about $143,000. Janney Montgomery Scott LLC increased its position in Mitsubishi UFJ Financial Group by 1.3% in the 1st quarter. Janney Montgomery Scott LLC now owns 119,616 shares of the company’s stock valued at $1,630,000 after buying an additional 1,497 shares in the last quarter. Finally, Sowell Financial Services LLC acquired a new position in Mitsubishi UFJ Financial Group during the 1st quarter worth approximately $183,000. 13.59% of the stock is owned by institutional investors.

Mitsubishi UFJ Financial Group Stock Down 0.7%

Shares of NYSE:MUFG opened at $15.01 on Monday. The business’s 50 day moving average is $15.45 and its 200 day moving average is $13.98. Mitsubishi UFJ Financial Group, Inc. has a 12-month low of $10.15 and a 12-month high of $16.24. The stock has a market cap of $181.10 billion, a price-to-earnings ratio of 13.90, a PEG ratio of 1.09 and a beta of 0.38. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 1.86.

Mitsubishi UFJ Financial Group (NYSE:MUFG) last released its quarterly earnings results on Monday, August 4th. The company reported $0.32 EPS for the quarter, beating analysts’ consensus estimates of $0.29 by $0.03. The business had revenue of $22.10 billion during the quarter, compared to analyst estimates of $9.86 billion. Mitsubishi UFJ Financial Group had a return on equity of 9.35% and a net margin of 13.95%. On average, sell-side analysts forecast that Mitsubishi UFJ Financial Group, Inc. will post 0.99 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. Zacks Research raised Mitsubishi UFJ Financial Group from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, August 26th. Weiss Ratings reissued a “hold (c)” rating on shares of Mitsubishi UFJ Financial Group in a research report on Wednesday, October 8th. Finally, Wall Street Zen upgraded shares of Mitsubishi UFJ Financial Group from a “sell” rating to a “hold” rating in a report on Saturday, August 9th. One equities research analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Buy”.

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.