New York State Common Retirement Fund Sells 29,041 Shares of Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG)

New York State Common Retirement Fund lessened its stake in Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG - Free Report) by 47.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 32,597 shares of the company's stock after selling 29,041 shares during the period. New York State Common Retirement Fund's holdings in Mitsubishi UFJ Financial Group were worth $382,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Fisher Asset Management LLC boosted its stake 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 buying an additional 1,067,409 shares in the last quarter. Artemis Investment Management LLP bought a new position in Mitsubishi UFJ Financial Group in the 4th quarter worth $10,880,000. BNP Paribas Financial Markets raised its holdings in Mitsubishi UFJ Financial Group by 140.9% in 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. Chevy Chase Trust Holdings LLC raised its holdings in Mitsubishi UFJ Financial Group by 4.2% in 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. Finally, Quantinno Capital Management LP raised its holdings in Mitsubishi UFJ Financial Group by 31.6% in the 3rd quarter. Quantinno Capital Management LP now owns 797,543 shares of the company's stock worth $8,119,000 after purchasing an additional 191,368 shares in the last quarter. 13.59% of the stock is currently owned by hedge funds and other institutional investors.

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Mitsubishi UFJ Financial Group Stock Up 0.4 %

Shares of NYSE MUFG traded up $0.05 on Friday, reaching $13.02. 3,881,008 shares of the company's stock traded hands, compared to its average volume of 2,392,841. The company has a quick ratio of 0.92, a current ratio of 0.90 and a debt-to-equity ratio of 2.06. The business's 50 day simple moving average is $12.44 and its two-hundred day simple moving average is $11.48. Mitsubishi UFJ Financial Group, Inc. has a 12 month low of $8.75 and a 12 month high of $13.34. The company has a market cap of $157.07 billion, a price-to-earnings ratio of 11.94, a price-to-earnings-growth ratio of 1.16 and a beta of 0.60.

Mitsubishi UFJ Financial Group (NYSE:MUFG - Get Free Report) last issued its quarterly earnings results on Tuesday, February 4th. The company reported $0.28 earnings per share for the quarter, beating the consensus estimate of $0.19 by $0.09. Mitsubishi UFJ Financial Group had a return on equity of 9.27% and a net margin of 14.19%. As a group, equities research analysts forecast 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 report on Wednesday.

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.