Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG) Shares Sold by Callan Family Office LLC

Key Points

• Callan Family Office LLC reduced its stake in Mitsubishi UFJ Financial Group by 39.2%, now owning 74,230 shares valued at approximately $1,012,000.
• Other institutional investors, including JPMorgan Chase & Co. and Franklin Resources Inc., increased their holdings, indicating a mixed sentiment among large investors.
• Wall Street analysts upgraded Mitsubishi UFJ Financial Group's rating from "sell" to "hold," reflecting improved outlook despite recent trading fluctuations.

Callan Family Office LLC decreased its position in shares of Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG - Free Report) by 39.2% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 74,230 shares of the company's stock after selling 47,881 shares during the period. Callan Family Office LLC's holdings in Mitsubishi UFJ Financial Group were worth $1,012,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in MUFG. Nisa Investment Advisors LLC purchased a new position in shares of Mitsubishi UFJ Financial Group during the 1st quarter valued at approximately $41,000. Financial Management Professionals Inc. increased its position in shares of Mitsubishi UFJ Financial Group by 116.7% in the 1st quarter. Financial Management Professionals Inc. now owns 3,257 shares of the company's stock valued at $44,000 after purchasing an additional 1,754 shares during the last quarter. Olde Wealth Management LLC purchased a new stake in shares of Mitsubishi UFJ Financial Group during the first quarter worth approximately $87,000. Cary Street Partners Financial LLC acquired a new stake in Mitsubishi UFJ Financial Group in the fourth quarter valued at $98,000. Finally, Paradigm Asset Management Co. LLC acquired a new stake in shares of Mitsubishi UFJ Financial Group in the first quarter worth approximately $122,000. 13.59% of the stock is owned by hedge funds and other institutional investors.

Mitsubishi UFJ Financial Group Stock Up 3.7%

Shares of NYSE:MUFG traded up $0.57 during mid-day trading on Friday, hitting $15.91. 6,047,963 shares of the company traded hands, compared to its average volume of 5,975,790. Mitsubishi UFJ Financial Group, Inc. has a 12-month low of $9.85 and a 12-month high of $16.16. The stock has a 50-day moving average price of $13.88 and a two-hundred day moving average price of $13.23. 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 stock has a market cap of $192.00 billion, a P/E ratio of 14.73, a P/E/G ratio of 1.47 and a beta of 0.42.

Mitsubishi UFJ Financial Group (NYSE:MUFG - Get Free Report) last posted its quarterly earnings data on Monday, August 4th. The company reported $0.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.29 by $0.03. The company had revenue of $22.10 billion during the quarter, compared to analyst estimates 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, equities research analysts forecast that Mitsubishi UFJ Financial Group, Inc. will post 0.99 earnings per share for the current year.

Wall Street Analyst Weigh In

Separately, Wall Street Zen upgraded shares of Mitsubishi UFJ Financial Group from a "sell" rating to a "hold" rating in a report 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.