Natixis Advisors LLC Cuts Position in Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG)

Natixis Advisors LLC lessened its position in shares of Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG - Free Report) by 22.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 9,343,313 shares of the company's stock after selling 2,716,664 shares during the quarter. Natixis Advisors LLC owned approximately 0.08% of Mitsubishi UFJ Financial Group worth $95,115,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of MUFG. Huntington National Bank raised its position in shares of Mitsubishi UFJ Financial Group by 13.3% during the third quarter. Huntington National Bank now owns 15,104 shares of the company's stock worth $154,000 after acquiring an additional 1,770 shares during the last quarter. Oppenheimer Asset Management Inc. grew its stake in Mitsubishi UFJ Financial Group by 2.0% in the third quarter. Oppenheimer Asset Management Inc. now owns 68,398 shares of the company's stock valued at $696,000 after acquiring an additional 1,336 shares during the period. Venturi Wealth Management LLC boosted its position in shares of Mitsubishi UFJ Financial Group by 72.8% during the third quarter. Venturi Wealth Management LLC now owns 5,292 shares of the company's stock worth $54,000 after buying an additional 2,229 shares during the period. Crossmark Global Holdings Inc. boosted its position in shares of Mitsubishi UFJ Financial Group by 23.4% during the third quarter. Crossmark Global Holdings Inc. now owns 866,032 shares of the company's stock worth $8,816,000 after buying an additional 164,206 shares during the period. Finally, Atria Investments Inc boosted its position in shares of Mitsubishi UFJ Financial Group by 17.1% during the third quarter. Atria Investments Inc now owns 306,507 shares of the company's stock worth $3,120,000 after buying an additional 44,800 shares during the period. Institutional investors and hedge funds own 13.59% of the company's stock.

Mitsubishi UFJ Financial Group Price Performance

Shares of MUFG stock traded down $0.39 during trading hours on Friday, reaching $11.68. The company's stock had a trading volume of 3,821,479 shares, compared to its average volume of 1,664,172. Mitsubishi UFJ Financial Group, Inc. has a fifty-two week low of $8.19 and a fifty-two week high of $12.11. The company has a market capitalization of $136.16 billion, a price-to-earnings ratio of 11.45, a PEG ratio of 1.08 and a beta of 0.59. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 2.25. The firm's 50 day simple moving average is $10.59 and its 200-day simple moving average is $10.50.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered Mitsubishi UFJ Financial Group from a "hold" rating to a "sell" rating in a research note on Friday.

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.