Massachusetts Financial Services Co. MA Sells 194,866 Shares of Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG)

Massachusetts Financial Services Co. MA decreased its position in Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG - Free Report) by 19.6% during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 798,147 shares of the company's stock after selling 194,866 shares during the period. Massachusetts Financial Services Co. MA's holdings in Mitsubishi UFJ Financial Group were worth $8,125,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of the company. Thornburg Investment Management Inc. raised its holdings in Mitsubishi UFJ Financial Group by 154.2% during the second quarter. Thornburg Investment Management Inc. now owns 1,105,928 shares of the company's stock worth $12,041,000 after acquiring an additional 670,787 shares in the last quarter. Teachers Retirement System of The State of Kentucky raised its stake in shares of Mitsubishi UFJ Financial Group by 20.9% during the 1st quarter. Teachers Retirement System of The State of Kentucky now owns 2,342,140 shares of the company's stock worth $23,960,000 after purchasing an additional 405,000 shares in the last quarter. Natixis Advisors LLC boosted its holdings in shares of Mitsubishi UFJ Financial Group by 3.2% in the 2nd quarter. Natixis Advisors LLC now owns 12,059,977 shares of the company's stock valued at $130,248,000 after buying an additional 379,105 shares during the last quarter. Chevy Chase Trust Holdings LLC grew its stake in shares of Mitsubishi UFJ Financial Group by 3.8% in the second quarter. Chevy Chase Trust Holdings LLC now owns 5,879,191 shares of the company's stock valued at $63,495,000 after buying an additional 217,799 shares in the last quarter. Finally, Retireful LLC acquired a new position in Mitsubishi UFJ Financial Group during the second quarter worth $2,174,000. Institutional investors and hedge funds own 13.59% of the company's stock.

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.

Mitsubishi UFJ Financial Group Stock Performance

Mitsubishi UFJ Financial Group stock traded up $0.03 during mid-day trading on Wednesday, hitting $11.65. 25,933 shares of the company's stock traded hands, compared to its average volume of 2,428,876. 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 firm has a 50 day simple moving average of $10.80 and a two-hundred day simple moving average of $10.58. Mitsubishi UFJ Financial Group, Inc. has a fifty-two week low of $8.19 and a fifty-two week high of $12.11. The stock has a market cap of $135.81 billion, a price-to-earnings ratio of 11.39, a P/E/G ratio of 1.10 and a beta of 0.59.

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.