Lockheed Martin Investment Management Co. Reduces Holdings in Mitsubishi UFJ Financial Group, Inc. $MUFG

Lockheed Martin Investment Management Co. decreased its holdings in Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG) by 39.5% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 87,000 shares of the company’s stock after selling 56,880 shares during the quarter. Lockheed Martin Investment Management Co.’s holdings in Mitsubishi UFJ Financial Group were worth $1,194,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Wealth Enhancement Advisory Services LLC bought a new stake in Mitsubishi UFJ Financial Group during the 1st quarter worth approximately $143,000. Allspring Global Investments Holdings LLC raised its stake in Mitsubishi UFJ Financial Group by 5.6% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 88,180 shares of the company’s stock worth $1,163,000 after acquiring an additional 4,664 shares during the period. DAVENPORT & Co LLC raised its stake in Mitsubishi UFJ Financial Group by 5.8% during the 1st quarter. DAVENPORT & Co LLC now owns 93,868 shares of the company’s stock worth $1,279,000 after acquiring an additional 5,114 shares during the period. Resonant Capital Advisors LLC raised its stake in Mitsubishi UFJ Financial Group by 17.8% during the 1st quarter. Resonant Capital Advisors LLC now owns 24,687 shares of the company’s stock worth $336,000 after acquiring an additional 3,731 shares during the period. Finally, Checchi Capital Advisers LLC raised its stake in Mitsubishi UFJ Financial Group by 6.9% during the 1st quarter. Checchi Capital Advisers LLC now owns 76,563 shares of the company’s stock worth $1,044,000 after acquiring an additional 4,945 shares during the period. Hedge funds and other institutional investors own 13.59% of the company’s stock.

Mitsubishi UFJ Financial Group Price Performance

MUFG stock opened at $15.13 on Friday. Mitsubishi UFJ Financial Group, Inc. has a one year low of $10.46 and a one year high of $16.24. The company’s fifty day moving average price is $15.41 and its 200-day moving average price is $14.20. The company has a debt-to-equity ratio of 1.86, a quick ratio of 0.89 and a current ratio of 0.89. The company has a market capitalization of $182.52 billion, a PE ratio of 14.00, a price-to-earnings-growth ratio of 1.09 and a beta of 0.38.

Mitsubishi UFJ Financial Group (NYSE:MUFG) last released its earnings results on Monday, August 4th. The company reported $0.32 EPS for the quarter, topping the consensus estimate 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 firm had revenue of $22.10 billion for the quarter, compared to the consensus estimate of $9.86 billion. On average, equities analysts anticipate that Mitsubishi UFJ Financial Group, Inc. will post 0.99 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the stock. 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 Wednesday, October 8th. 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 analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, Mitsubishi UFJ Financial Group 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.