Federated Hermes Inc. Sells 225,539 Shares of Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG)

Federated Hermes Inc. cut its stake in Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG - Free Report) by 26.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 643,448 shares of the company's stock after selling 225,539 shares during the period. Federated Hermes Inc.'s holdings in Mitsubishi UFJ Financial Group were worth $7,541,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Whipplewood Advisors LLC acquired a new position in shares of Mitsubishi UFJ Financial Group in the 4th quarter worth approximately $29,000. Wilmington Savings Fund Society FSB bought a new stake in shares of Mitsubishi UFJ Financial Group during the third quarter worth $55,000. Steward Partners Investment Advisory LLC raised its holdings in shares of Mitsubishi UFJ Financial Group by 33.9% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 5,056 shares of the company's stock valued at $59,000 after buying an additional 1,279 shares during the last quarter. Sierra Ocean LLC acquired a new position in Mitsubishi UFJ Financial Group during the 4th quarter worth about $62,000. Finally, Versant Capital Management Inc acquired a new stake in Mitsubishi UFJ Financial Group in the 4th quarter valued at about $71,000. Institutional investors and hedge funds own 13.59% of the company's stock.

Mitsubishi UFJ Financial Group Trading Down 1.7 %

Shares of MUFG stock traded down $0.21 on Wednesday, reaching $11.68. 1,465,515 shares of the stock were exchanged, compared to its average volume of 3,592,134. 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, Inc. has a one year low of $8.75 and a one year high of $15.03. The stock has a market cap of $140.89 billion, a PE ratio of 10.71, a P/E/G ratio of 1.16 and a beta of 0.39. The stock has a 50 day moving average price of $12.87 and a 200 day moving average price of $11.99.

Mitsubishi UFJ Financial Group (NYSE:MUFG - Get Free Report) last issued its earnings results on Tuesday, February 4th. The company reported $0.28 earnings per share (EPS) for the quarter, beating 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%. Equities research analysts forecast that Mitsubishi UFJ Financial Group, Inc. will post 0.99 EPS 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 Wednesday, April 9th.

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.