Mitsubishi UFJ Financial Group, Inc. $MUFG Shares Sold by Checchi Capital Advisers LLC

Checchi Capital Advisers LLC cut its stake in Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG) by 6.8% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 71,371 shares of the company’s stock after selling 5,192 shares during the period. Checchi Capital Advisers LLC’s holdings in Mitsubishi UFJ Financial Group were worth $979,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in MUFG. Opal Wealth Advisors LLC acquired a new stake in Mitsubishi UFJ Financial Group in the second quarter worth $31,000. Caitong International Asset Management Co. Ltd acquired a new stake in Mitsubishi UFJ Financial Group in the first quarter worth $32,000. Ameritas Advisory Services LLC acquired a new stake in Mitsubishi UFJ Financial Group in the second quarter worth $36,000. Nisa Investment Advisors LLC acquired a new stake in Mitsubishi UFJ Financial Group in the first quarter worth $41,000. Finally, Geneos Wealth Management Inc. increased its position 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 worth $65,000 after buying an additional 3,403 shares during the period. 13.59% of the stock is owned by institutional investors and hedge funds.

Mitsubishi UFJ Financial Group Price Performance

Shares of MUFG opened at $15.75 on Monday. The stock’s fifty day moving average is $15.24 and its 200-day moving average is $13.90. Mitsubishi UFJ Financial Group, Inc. has a one year low of $9.87 and a one year high of $16.24. The firm has a market capitalization of $190.01 billion, a price-to-earnings ratio of 14.58, a price-to-earnings-growth ratio of 1.15 and a beta of 0.38. The company has a debt-to-equity ratio of 1.86, a quick ratio of 0.89 and a current ratio of 0.89.

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

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. Zacks Research raised Mitsubishi UFJ Financial Group from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, August 26th. Wall Street Zen raised Mitsubishi UFJ Financial Group from a “sell” rating to a “hold” rating in a research report on Saturday, August 9th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Mitsubishi UFJ Financial Group in a report on Saturday, September 27th. One investment analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Buy”.

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.