Benjamin Edwards Inc. Sells 29,618 Shares of Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG)

Key Points

• Benjamin Edwards Inc. has reduced its stake in Mitsubishi UFJ Financial Group by 47.1%, now holding 33,247 shares valued at approximately $453,000 after selling 29,618 shares in the first quarter.
• Several institutional investors have also adjusted their positions, with Townsquare Capital LLC increasing its stake by 19.1% and Charles Schwab Investment Management Inc. raising its stake by 23.3%.
• Mitsubishi UFJ Financial Group reported $0.32 earnings per share for the latest quarter, exceeding estimates, and received an upgraded rating from a "sell" to a "hold" from Wall Street analysts.

Benjamin Edwards Inc. lowered its stake in shares of Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG - Free Report) by 47.1% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 33,247 shares of the company's stock after selling 29,618 shares during the quarter. Benjamin Edwards Inc.'s holdings in Mitsubishi UFJ Financial Group were worth $453,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in MUFG. Townsquare Capital LLC increased its position in Mitsubishi UFJ Financial Group by 19.1% in the first quarter. Townsquare Capital LLC now owns 298,272 shares of the company's stock worth $4,065,000 after buying an additional 47,735 shares during the last quarter. National Bank of Canada FI bought a new position in shares of Mitsubishi UFJ Financial Group during the 1st quarter worth $12,534,000. Accuvest Global Advisors bought a new position in shares of Mitsubishi UFJ Financial Group during the 1st quarter worth $145,000. Blue Barn Wealth LLC increased its holdings in Mitsubishi UFJ Financial Group by 28.3% in the 1st quarter. Blue Barn Wealth LLC now owns 21,327 shares of the company's stock worth $291,000 after acquiring an additional 4,699 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in Mitsubishi UFJ Financial Group by 23.3% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,032,054 shares of the company's stock valued at $14,067,000 after acquiring an additional 195,227 shares during the period. Institutional investors own 13.59% of the company's stock.

Mitsubishi UFJ Financial Group Stock Up 3.7%

MUFG opened at $15.91 on Friday. Mitsubishi UFJ Financial Group, Inc. has a 12 month low of $9.85 and a 12 month high of $16.16. The company has a market cap of $192.00 billion, a PE ratio of 14.73, a price-to-earnings-growth ratio of 1.51 and a beta of 0.42. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 1.86. The company has a 50 day moving average of $13.92 and a 200 day moving average of $13.25.

Mitsubishi UFJ Financial Group (NYSE:MUFG - Get Free Report) last posted its earnings results on Monday, August 4th. The company reported $0.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.29 by $0.03. The firm had revenue of $22.10 billion for the quarter, compared to the consensus estimate of $9.86 billion. Mitsubishi UFJ Financial Group had a return on equity of 9.35% and a net margin of 13.95%. On average, sell-side analysts expect that Mitsubishi UFJ Financial Group, Inc. will post 0.99 EPS for the current year.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen upgraded shares of Mitsubishi UFJ Financial Group from a "sell" rating to a "hold" rating in a research report on Saturday, August 9th.

Mitsubishi UFJ Financial Group 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.