Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG) Holdings Trimmed by Te Ahumairangi Investment Management Ltd

Te Ahumairangi Investment Management Ltd trimmed its stake in Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG - Free Report) by 52.4% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 35,454 shares of the company's stock after selling 39,063 shares during the quarter. Te Ahumairangi Investment Management Ltd's holdings in Mitsubishi UFJ Financial Group were worth $416,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. Clearbridge Investments LLC increased its position in Mitsubishi UFJ Financial Group by 325.9% in the 4th quarter. Clearbridge Investments LLC now owns 3,822,530 shares of the company's stock valued at $44,800,000 after acquiring an additional 2,924,979 shares during the period. Raymond James Financial Inc. acquired a new position in shares of Mitsubishi UFJ Financial Group during the fourth quarter valued at $29,252,000. Artemis Investment Management LLP acquired a new position in shares of Mitsubishi UFJ Financial Group during the fourth quarter valued at $10,880,000. Guardian Partners Inc. bought a new stake in shares of Mitsubishi UFJ Financial Group during the fourth quarter valued at about $7,069,000. Finally, Natixis Advisors LLC lifted its holdings in Mitsubishi UFJ Financial Group by 5.4% in the fourth quarter. Natixis Advisors LLC now owns 9,850,891 shares of the company's stock worth $115,452,000 after purchasing an additional 507,578 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 Mitsubishi UFJ Financial Group stock traded down $1.06 during trading on Friday, hitting $11.05. The stock had a trading volume of 21,739,226 shares, compared to its average volume of 3,330,820. The business has a fifty day moving average of $13.10 and a two-hundred day moving average of $11.93. Mitsubishi UFJ Financial Group, Inc. has a fifty-two week low of $8.75 and a fifty-two week high of $15.03. The firm has a market cap of $133.29 billion, a P/E ratio of 10.13, a PEG ratio of 1.16 and a beta of 0.39. The company has a debt-to-equity ratio of 2.06, a current ratio of 0.90 and a quick ratio of 0.92.

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

Wall Street Analyst Weigh In

Separately, StockNews.com raised shares of Mitsubishi UFJ Financial Group from a "sell" rating to a "hold" rating in a research note on Tuesday, April 1st.

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.