Benjamin Edwards Inc. Sells 29,618 Shares of Mitsubishi UFJ Financial Group, Inc. $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. reduced its position 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 Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 33,247 shares of the company's stock after selling 29,618 shares during the period. Benjamin Edwards Inc.'s holdings in Mitsubishi UFJ Financial Group were worth $453,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Nisa Investment Advisors LLC bought a new stake in shares of Mitsubishi UFJ Financial Group during the first quarter worth $41,000. Financial Management Professionals Inc. grew its stake in shares of Mitsubishi UFJ Financial Group by 116.7% during the first quarter. Financial Management Professionals Inc. now owns 3,257 shares of the company's stock worth $44,000 after buying an additional 1,754 shares during the last quarter. Olde Wealth Management LLC bought a new stake in shares of Mitsubishi UFJ Financial Group during the first quarter worth $87,000. Cary Street Partners Financial LLC bought a new stake in shares of Mitsubishi UFJ Financial Group during the fourth quarter worth $98,000. Finally, Paradigm Asset Management Co. LLC bought a new stake in shares of Mitsubishi UFJ Financial Group during the first quarter worth $122,000. 13.59% of the stock is currently owned by institutional investors and hedge funds.

Mitsubishi UFJ Financial Group Trading Down 0.6%

Shares of Mitsubishi UFJ Financial Group stock traded down $0.0850 during trading on Thursday, hitting $15.2850. The company's stock had a trading volume of 2,117,587 shares, compared to its average volume of 3,657,281. The company has a debt-to-equity ratio of 1.86, a current ratio of 0.89 and a quick ratio of 0.89. Mitsubishi UFJ Financial Group, Inc. has a 52 week low of $9.85 and a 52 week high of $16.16. The stock has a market cap of $184.45 billion, a price-to-earnings ratio of 14.15, a price-to-earnings-growth ratio of 1.51 and a beta of 0.42. The stock has a 50-day moving average price of $14.05 and a two-hundred day moving average price of $13.32.

Mitsubishi UFJ Financial Group (NYSE:MUFG - Get Free Report) last issued its quarterly earnings data on Monday, August 4th. The company reported $0.32 earnings per share for the quarter, topping the consensus estimate of $0.29 by $0.03. The company had revenue of $22.10 billion for the quarter, compared to analysts' expectations of $9.86 billion. Mitsubishi UFJ Financial Group had a net margin of 13.95% and a return on equity of 9.35%. Equities research analysts anticipate that Mitsubishi UFJ Financial Group, Inc. will post 0.99 EPS for the current fiscal year.

Analysts Set New Price Targets

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