Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG) Shares Sold by Naviter Wealth LLC

Naviter Wealth LLC reduced its position in shares of Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG - Free Report) by 10.4% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 249,806 shares of the company's stock after selling 28,915 shares during the period. Naviter Wealth LLC's holdings in Mitsubishi UFJ Financial Group were worth $2,928,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in MUFG. Raymond James Financial Inc. purchased a new position in shares of Mitsubishi UFJ Financial Group during the 4th quarter worth approximately $29,252,000. Fisher Asset Management LLC raised its position in Mitsubishi UFJ Financial Group by 15.7% in the third quarter. Fisher Asset Management LLC now owns 7,853,310 shares of the company's stock worth $79,947,000 after acquiring an additional 1,067,409 shares in the last quarter. Artemis Investment Management LLP acquired a new stake in Mitsubishi UFJ Financial Group in the fourth quarter valued at $10,880,000. BNP Paribas Financial Markets boosted its position in shares of Mitsubishi UFJ Financial Group by 140.9% during the 3rd quarter. BNP Paribas Financial Markets now owns 514,746 shares of the company's stock worth $5,240,000 after purchasing an additional 301,065 shares in the last quarter. Finally, Chevy Chase Trust Holdings LLC boosted its position in shares of Mitsubishi UFJ Financial Group by 4.2% during the 4th quarter. Chevy Chase Trust Holdings LLC now owns 5,950,256 shares of the company's stock worth $69,737,000 after purchasing an additional 241,685 shares in the last quarter. Institutional investors and hedge funds own 13.59% of the company's stock.

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Mitsubishi UFJ Financial Group Price Performance

Shares of MUFG stock traded up $0.32 during midday trading on Wednesday, reaching $13.08. 4,061,544 shares of the company traded hands, compared to its average volume of 2,406,723. The firm's 50 day simple moving average is $12.48 and its two-hundred day simple moving average is $11.52. The firm has a market cap of $157.79 billion, a PE ratio of 12.00, a price-to-earnings-growth ratio of 1.16 and a beta of 0.60. Mitsubishi UFJ Financial Group, Inc. has a 1-year low of $8.75 and a 1-year high of $13.34. The company has a debt-to-equity ratio of 2.06, a current ratio of 0.90 and a quick ratio of 0.92.

Mitsubishi UFJ Financial Group (NYSE:MUFG - Get Free Report) last announced its earnings results on Tuesday, February 4th. The company reported $0.28 earnings per share (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, equities research analysts expect that Mitsubishi UFJ Financial Group, Inc. will post 0.99 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded shares of Mitsubishi UFJ Financial Group from a "sell" rating to a "hold" rating in a research note on Wednesday, March 5th.

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.