Dorsey Wright & Associates cut its stake in Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG - Free Report) by 22.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 313,307 shares of the company's stock after selling 90,201 shares during the period. Dorsey Wright & Associates' holdings in Mitsubishi UFJ Financial Group were worth $3,672,000 at the end of the most recent quarter.
Several other hedge funds have also recently added to or reduced their stakes in the company. Whipplewood Advisors LLC acquired a new position in Mitsubishi UFJ Financial Group during the fourth quarter worth $29,000. Steward Partners Investment Advisory LLC increased its holdings in Mitsubishi UFJ Financial Group by 33.9% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 5,056 shares of the company's stock worth $59,000 after purchasing an additional 1,279 shares in the last quarter. Sierra Ocean LLC purchased a new stake in shares of Mitsubishi UFJ Financial Group in the fourth quarter worth approximately $62,000. Wilmington Savings Fund Society FSB bought a new position in shares of Mitsubishi UFJ Financial Group in the third quarter valued at approximately $55,000. Finally, Versant Capital Management Inc purchased a new position in shares of Mitsubishi UFJ Financial Group during the fourth quarter valued at approximately $71,000. Institutional investors own 13.59% of the company's stock.
Mitsubishi UFJ Financial Group Stock Performance
NYSE:MUFG traded down $0.99 during trading on Thursday, reaching $12.23. The company's stock had a trading volume of 7,239,014 shares, compared to its average volume of 3,229,588. The firm has a market cap of $147.59 billion, a price-to-earnings ratio of 11.22, a price-to-earnings-growth ratio of 1.16 and a beta of 0.39. Mitsubishi UFJ Financial Group, Inc. has a 12 month low of $8.75 and a 12 month high of $15.03. The company has a debt-to-equity ratio of 2.06, a quick ratio of 0.92 and a current ratio of 0.90. The firm has a 50 day moving average of $13.13 and a 200-day moving average of $11.92.
Mitsubishi UFJ Financial Group (NYSE:MUFG - Get Free Report) last announced its quarterly earnings data on Tuesday, February 4th. The company reported $0.28 earnings per share for the quarter, beating the consensus estimate of $0.19 by $0.09. Mitsubishi UFJ Financial Group had a return on equity of 9.27% and a net margin of 14.19%. Research analysts expect that Mitsubishi UFJ Financial Group, Inc. will post 0.99 EPS for the current fiscal year.
Analyst Ratings Changes
Separately, StockNews.com raised shares of Mitsubishi UFJ Financial Group from a "sell" rating to a "hold" rating in a research report on Tuesday.
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About Mitsubishi UFJ Financial Group
(
Free Report)
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.
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