Evolve Private Wealth LLC reduced its position in Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG – Free Report) by 69.8% during the 1st quarter, HoldingsChannel.com reports. The firm owned 37,991 shares of the company’s stock after selling 87,853 shares during the quarter. Evolve Private Wealth LLC’s holdings in Mitsubishi UFJ Financial Group were worth $645,000 at the end of the most recent quarter.
Other institutional investors have also modified their holdings of the company. Tudor Investment Corp ET AL raised its holdings in Mitsubishi UFJ Financial Group by 834.1% in the third quarter. Tudor Investment Corp ET AL now owns 534,118 shares of the company’s stock valued at $8,514,000 after acquiring an additional 476,941 shares in the last quarter. Natixis Advisors LLC grew its holdings in Mitsubishi UFJ Financial Group by 14.9% during the 3rd quarter. Natixis Advisors LLC now owns 13,240,940 shares of the company’s stock worth $211,061,000 after acquiring an additional 1,718,759 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in Mitsubishi UFJ Financial Group by 180.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,162,410 shares of the company’s stock worth $34,469,000 after acquiring an additional 1,390,497 shares in the last quarter. XY Capital Ltd bought a new stake in shares of Mitsubishi UFJ Financial Group in the 3rd quarter worth about $1,751,000. Finally, Capital Wealth Planning LLC raised its stake in shares of Mitsubishi UFJ Financial Group by 31.7% in the 3rd quarter. Capital Wealth Planning LLC now owns 1,066,591 shares of the company’s stock valued at $17,001,000 after purchasing an additional 256,565 shares in the last quarter. Hedge funds and other institutional investors own 13.59% of the company’s stock.
Analyst Upgrades and Downgrades
Separately, Weiss Ratings lowered Mitsubishi UFJ Financial Group from a “buy (b)” rating to a “buy (b-)” rating in a report on Tuesday, May 26th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Buy”.
Mitsubishi UFJ Financial Group Stock Down 1.8%
Shares of NYSE:MUFG opened at $19.82 on Thursday. The company has a market cap of $235.17 billion, a PE ratio of 14.05, a P/E/G ratio of 0.82 and a beta of 0.40. The company’s 50-day moving average price is $19.00 and its 200 day moving average price is $17.98. Mitsubishi UFJ Financial Group, Inc. has a fifty-two week low of $13.19 and a fifty-two week high of $21.17.
Mitsubishi UFJ Financial Group (NYSE:MUFG – Get Free Report) last announced its earnings results on Saturday, May 16th. The company reported $0.33 earnings per share for the quarter, beating the consensus estimate of $0.20 by $0.13. Mitsubishi UFJ Financial Group had a return on equity of 11.07% and a net margin of 16.65%.The firm had revenue of $15.36 billion for the quarter, compared to the consensus estimate of $9.34 billion. As a group, equities analysts anticipate that Mitsubishi UFJ Financial Group, Inc. will post 1.41 EPS for the current year.
About Mitsubishi UFJ Financial Group
Mitsubishi UFJ Financial Group, Inc (MUFG) is a Tokyo-based financial services holding company and one of Japan’s largest banking groups and among the world’s leading financial institutions. The group was formed through the integration of Mitsubishi Tokyo Financial Group and UFJ Holdings and operates a comprehensive suite of banking and financial services for retail, corporate, and institutional clients. MUFG’s core banking operations are conducted through its commercial banking arm and a network of domestic and international subsidiaries and affiliates.
MUFG offers a broad range of products and services including commercial and retail banking, corporate and investment banking, global transaction banking, trust banking, asset management, securities and brokerage services, credit cards, consumer finance, leasing and custody services.
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