Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG) Stock Holdings Lowered by Federated Hermes Inc.

Federated Hermes Inc. reduced its position in shares of Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG - Free Report) by 26.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 643,448 shares of the company's stock after selling 225,539 shares during the period. Federated Hermes Inc.'s holdings in Mitsubishi UFJ Financial Group were worth $7,541,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the company. Quadrant Capital Group LLC boosted its stake in shares of Mitsubishi UFJ Financial Group by 1.2% during the 4th quarter. Quadrant Capital Group LLC now owns 112,554 shares of the company's stock valued at $1,319,000 after buying an additional 1,306 shares during the last quarter. Russell Investments Group Ltd. boosted its position in Mitsubishi UFJ Financial Group by 36.4% during the 4th quarter. Russell Investments Group Ltd. now owns 73,844 shares of the company's stock valued at $865,000 after purchasing an additional 19,705 shares during the period. Envestnet Asset Management Inc. boosted its holdings in shares of Mitsubishi UFJ Financial Group by 7.0% during the fourth quarter. Envestnet Asset Management Inc. now owns 4,806,932 shares of the company's stock valued at $56,337,000 after acquiring an additional 313,851 shares during the period. Wells Fargo & Company MN increased its holdings in shares of Mitsubishi UFJ Financial Group by 9.8% in the 4th quarter. Wells Fargo & Company MN now owns 2,556,797 shares of the company's stock worth $29,966,000 after acquiring an additional 228,971 shares during the period. Finally, Massachusetts Financial Services Co. MA lifted its position in Mitsubishi UFJ Financial Group by 5.0% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 837,745 shares of the company's stock valued at $9,818,000 after purchasing an additional 39,598 shares during the last quarter. 13.59% of the stock is owned by institutional investors and hedge funds.

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Analysts Set New Price Targets

Separately, StockNews.com upgraded shares of Mitsubishi UFJ Financial Group from a "sell" rating to a "hold" rating in a research report on Wednesday, April 9th.

Mitsubishi UFJ Financial Group Stock Performance

MUFG stock traded up $0.26 during trading on Tuesday, reaching $11.92. 3,726,292 shares of the company's stock were exchanged, compared to its average volume of 3,593,980. Mitsubishi UFJ Financial Group, Inc. has a 1-year low of $8.75 and a 1-year high of $15.03. The firm has a market cap of $143.85 billion, a PE ratio of 10.94, a P/E/G ratio of 1.16 and a beta of 0.39. The company's fifty day moving average price is $12.89 and its 200-day moving average price is $11.99. The company has a quick ratio of 0.92, a current ratio of 0.90 and a debt-to-equity ratio of 2.06.

Mitsubishi UFJ Financial Group (NYSE:MUFG - Get Free Report) last released its quarterly earnings results on Tuesday, February 4th. The company reported $0.28 EPS for the quarter, topping analysts' consensus estimates of $0.19 by $0.09. Mitsubishi UFJ Financial Group had a net margin of 14.19% and a return on equity of 9.27%. On average, research analysts expect that Mitsubishi UFJ Financial Group, Inc. will post 0.99 EPS for the current fiscal year.

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.