Chevy Chase Trust Holdings LLC Sells 170,620 Shares of Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG)

Chevy Chase Trust Holdings LLC cut its stake in Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG - Free Report) by 2.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 5,708,571 shares of the company's stock after selling 170,620 shares during the quarter. Chevy Chase Trust Holdings LLC's holdings in Mitsubishi UFJ Financial Group were worth $58,113,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Blue Trust Inc. increased its holdings in shares of Mitsubishi UFJ Financial Group by 98.7% during the 3rd quarter. Blue Trust Inc. now owns 125,734 shares of the company's stock worth $1,358,000 after purchasing an additional 62,449 shares during the period. Federated Hermes Inc. grew its holdings in shares of Mitsubishi UFJ Financial Group by 17.7% during the 2nd quarter. Federated Hermes Inc. now owns 975,661 shares of the company's stock worth $10,537,000 after purchasing an additional 146,904 shares in the last quarter. Fisher Asset Management LLC increased its position in shares of Mitsubishi UFJ Financial Group by 15.7% during the third quarter. Fisher Asset Management LLC now owns 7,853,310 shares of the company's stock valued at $79,947,000 after purchasing an additional 1,067,409 shares during the period. Bleakley Financial Group LLC raised its stake in shares of Mitsubishi UFJ Financial Group by 11.8% in the third quarter. Bleakley Financial Group LLC now owns 25,613 shares of the company's stock valued at $261,000 after purchasing an additional 2,701 shares in the last quarter. Finally, Crossmark Global Holdings Inc. lifted its position in Mitsubishi UFJ Financial Group by 23.4% in the third quarter. Crossmark Global Holdings Inc. now owns 866,032 shares of the company's stock worth $8,816,000 after purchasing an additional 164,206 shares during the period. 13.59% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised Mitsubishi UFJ Financial Group from a "sell" rating to a "hold" rating in a report on Saturday, November 23rd.

Mitsubishi UFJ Financial Group Price Performance

Shares of NYSE MUFG traded up $0.07 during trading on Tuesday, reaching $12.22. The company had a trading volume of 924,731 shares, compared to its average volume of 2,421,802. The business's 50 day moving average price is $10.88 and its 200-day moving average price is $10.61. The stock has a market cap of $142.45 billion, a PE ratio of 11.91, a PEG ratio of 1.10 and a beta of 0.61. Mitsubishi UFJ Financial Group, Inc. has a 52 week low of $8.19 and a 52 week high of $12.31. The company has a debt-to-equity ratio of 2.04, a quick ratio of 0.92 and a current ratio of 0.91.

Mitsubishi UFJ Financial Group Company 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.