Dorsey & Whitney Trust CO LLC Decreases Stock Holdings in Mitsubishi UFJ Financial Group, Inc. $MUFG

Dorsey & Whitney Trust CO LLC lowered its position in Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG) by 20.7% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 51,234 shares of the company’s stock after selling 13,356 shares during the period. Dorsey & Whitney Trust CO LLC’s holdings in Mitsubishi UFJ Financial Group were worth $703,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. National Bank of Canada FI acquired a new stake in Mitsubishi UFJ Financial Group in the first quarter valued at approximately $12,534,000. Natixis Advisors LLC boosted its position in shares of Mitsubishi UFJ Financial Group by 9.2% in the 1st quarter. Natixis Advisors LLC now owns 10,756,565 shares of the company’s stock worth $146,612,000 after purchasing an additional 905,674 shares in the last quarter. Northern Trust Corp grew its stake in Mitsubishi UFJ Financial Group by 8.4% during the 1st quarter. Northern Trust Corp now owns 11,407,268 shares of the company’s stock worth $155,481,000 after buying an additional 885,189 shares during the last quarter. 1832 Asset Management L.P. increased its position in Mitsubishi UFJ Financial Group by 3,965.4% during the 1st quarter. 1832 Asset Management L.P. now owns 713,069 shares of the company’s stock valued at $9,719,000 after buying an additional 695,529 shares in the last quarter. Finally, Federation des caisses Desjardins du Quebec raised its stake in Mitsubishi UFJ Financial Group by 30,337.9% in the first quarter. Federation des caisses Desjardins du Quebec now owns 675,722 shares of the company’s stock valued at $9,210,000 after buying an additional 673,502 shares during the last quarter. Institutional investors own 13.59% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on MUFG. Weiss Ratings restated a “hold (c)” rating on shares of Mitsubishi UFJ Financial Group in a research note on Wednesday, October 8th. Wall Street Zen raised shares of Mitsubishi UFJ Financial Group from a “sell” rating to a “hold” rating in a research report on Saturday, August 9th. Finally, Zacks Research raised shares of 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 assigned a Hold rating to the company. Based on data from MarketBeat.com, Mitsubishi UFJ Financial Group presently has a consensus rating of “Buy”.

Mitsubishi UFJ Financial Group Price Performance

Shares of NYSE:MUFG opened at $15.18 on Wednesday. Mitsubishi UFJ Financial Group, Inc. has a twelve month low of $10.46 and a twelve month high of $16.24. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 1.86. The company has a market cap of $183.13 billion, a PE ratio of 14.05, a price-to-earnings-growth ratio of 1.09 and a beta of 0.37. The company’s 50 day moving average is $15.38 and its 200 day moving average is $14.52.

Mitsubishi UFJ Financial Group (NYSE:MUFG) last released its quarterly earnings data on Friday, November 14th. The company reported $0.44 EPS for the quarter, beating the consensus estimate of $0.34 by $0.10. The business had revenue of $23.61 billion for the quarter, compared to the consensus estimate of $9.19 billion. Mitsubishi UFJ Financial Group had a net margin of 13.95% and a return on equity of 9.35%. On average, sell-side analysts forecast that Mitsubishi UFJ Financial Group, Inc. will post 0.99 EPS for the current year.

Mitsubishi UFJ Financial Group Profile

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.