Bleakley Financial Group LLC Trims Stock Position in Mitsubishi UFJ Financial Group, Inc. $MUFG

Bleakley Financial Group LLC cut its stake in Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG) by 3.3% in the second quarter, Holdings Channel.com reports. The fund owned 30,730 shares of the company’s stock after selling 1,044 shares during the quarter. Bleakley Financial Group LLC’s holdings in Mitsubishi UFJ Financial Group were worth $422,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently bought and sold shares of MUFG. Opal Wealth Advisors LLC purchased a new stake in Mitsubishi UFJ Financial Group in the second quarter valued at $31,000. Caitong International Asset Management Co. Ltd acquired a new position in Mitsubishi UFJ Financial Group in the first quarter valued at $32,000. Ameritas Advisory Services LLC acquired a new position in Mitsubishi UFJ Financial Group in the second quarter valued at $36,000. Nisa Investment Advisors LLC acquired a new position in Mitsubishi UFJ Financial Group in the first quarter valued at $41,000. Finally, Geneos Wealth Management Inc. increased its stake in Mitsubishi UFJ Financial Group by 245.3% in the first quarter. Geneos Wealth Management Inc. now owns 4,790 shares of the company’s stock valued at $65,000 after purchasing an additional 3,403 shares during the period. 13.59% of the stock is owned by hedge funds and other institutional investors.

Mitsubishi UFJ Financial Group Trading Down 1.1%

Shares of Mitsubishi UFJ Financial Group stock opened at $14.77 on Monday. Mitsubishi UFJ Financial Group, Inc. has a 52-week low of $10.20 and a 52-week high of $16.24. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 1.86. The company’s 50-day simple moving average is $15.44 and its 200-day simple moving average is $14.12. The firm has a market cap of $178.18 billion, a price-to-earnings ratio of 13.67, a price-to-earnings-growth ratio of 1.08 and a beta of 0.38.

Mitsubishi UFJ Financial Group (NYSE:MUFG) last issued its quarterly earnings results on Monday, August 4th. The company reported $0.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.29 by $0.03. Mitsubishi UFJ Financial Group had a net margin of 13.95% and a return on equity of 9.35%. The business had revenue of $22.10 billion for the quarter, compared to analyst estimates of $9.86 billion. As a group, equities research analysts anticipate that Mitsubishi UFJ Financial Group, Inc. will post 0.99 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have commented on MUFG. Zacks Research upgraded shares of Mitsubishi UFJ Financial Group from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, August 26th. Weiss Ratings restated a “hold (c)” rating on shares of Mitsubishi UFJ Financial Group in a research note on Saturday. Finally, Wall Street Zen upgraded shares of Mitsubishi UFJ Financial Group from a “sell” rating to a “hold” rating in a research note on Saturday, August 9th. One equities research analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, Mitsubishi UFJ Financial Group has a consensus 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.