Fifth Third Bancorp Reduces Stake in Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG)

Fifth Third Bancorp trimmed its holdings in shares of Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG - Free Report) by 27.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 84,710 shares of the company's stock after selling 31,319 shares during the period. Fifth Third Bancorp's holdings in Mitsubishi UFJ Financial Group were worth $993,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Cottonwood Capital Advisors LLC lifted its stake in Mitsubishi UFJ Financial Group by 16.1% in the 4th quarter. Cottonwood Capital Advisors LLC now owns 16,127 shares of the company's stock worth $189,000 after acquiring an additional 2,233 shares in the last quarter. Veracity Capital LLC bought a new stake in Mitsubishi UFJ Financial Group in the fourth quarter worth $118,000. SG Americas Securities LLC bought a new stake in shares of Mitsubishi UFJ Financial Group during the 4th quarter worth about $194,000. Simon Quick Advisors LLC lifted its holdings in Mitsubishi UFJ Financial Group by 15.3% in the 4th quarter. Simon Quick Advisors LLC now owns 15,205 shares of the company's stock worth $178,000 after purchasing an additional 2,016 shares during the last quarter. Finally, Atomi Financial Group Inc. grew its holdings in Mitsubishi UFJ Financial Group by 9.5% during the fourth quarter. Atomi Financial Group Inc. now owns 102,012 shares of the company's stock valued at $1,196,000 after purchasing an additional 8,853 shares during the last quarter. 13.59% of the stock is currently owned by institutional investors and hedge funds.

Mitsubishi UFJ Financial Group Trading Up 0.1 %

Shares of Mitsubishi UFJ Financial Group stock traded up $0.02 during trading on Thursday, hitting $12.76. The company's stock had a trading volume of 971,391 shares, compared to its average volume of 2,775,051. The stock has a 50-day moving average price of $11.93 and a two-hundred day moving average price of $11.07. The company has a debt-to-equity ratio of 2.04, a current ratio of 0.91 and a quick ratio of 0.92. The stock has a market cap of $153.92 billion, a price-to-earnings ratio of 12.50, a price-to-earnings-growth ratio of 1.12 and a beta of 0.62. Mitsubishi UFJ Financial Group, Inc. has a 52 week low of $8.75 and a 52 week high of $12.96.

Analysts Set New Price Targets

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

About Mitsubishi UFJ Financial Group

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.