Mitsubishi UFJ Financial Group, Inc. $MUFG Shares Sold by Citigroup Inc.

Key Points

• Citigroup Inc. has reduced its ownership of Mitsubishi UFJ Financial Group shares by 3.5%, selling 20,221 shares, and now holds 557,475 shares worth approximately $7.6 million.
• Several hedge funds have adjusted their positions in Mitsubishi UFJ, with Natixis Advisors LLC increasing its stake by 9.2%, now owning over 10.7 million shares valued at about $146.6 million.
• Mitsubishi UFJ recently reported a quarterly earnings result of $0.32 per share, exceeding analysts' expectations of $0.29, with a net margin of 13.95% and revenue of $22.1 billion.

Citigroup Inc. cut its holdings in Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG - Free Report) by 3.5% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 557,475 shares of the company's stock after selling 20,221 shares during the quarter. Citigroup Inc.'s holdings in Mitsubishi UFJ Financial Group were worth $7,598,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Accuvest Global Advisors purchased a new stake in shares of Mitsubishi UFJ Financial Group in the first quarter valued at approximately $145,000. Blue Barn Wealth LLC increased its position in shares of Mitsubishi UFJ Financial Group by 28.3% during the first quarter. Blue Barn Wealth LLC now owns 21,327 shares of the company's stock worth $291,000 after purchasing an additional 4,699 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Mitsubishi UFJ Financial Group by 23.3% during the first quarter. Charles Schwab Investment Management Inc. now owns 1,032,054 shares of the company's stock worth $14,067,000 after purchasing an additional 195,227 shares in the last quarter. Atria Wealth Solutions Inc. increased its position in shares of Mitsubishi UFJ Financial Group by 12.4% during the first quarter. Atria Wealth Solutions Inc. now owns 15,588 shares of the company's stock worth $212,000 after purchasing an additional 1,721 shares in the last quarter. Finally, Allianz SE purchased a new stake in shares of Mitsubishi UFJ Financial Group during the first quarter worth approximately $3,476,000. 13.59% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

Mitsubishi UFJ Financial Group Trading Down 0.6%

NYSE MUFG traded down $0.0850 on Thursday, reaching $15.2850. 2,117,587 shares of the company were exchanged, compared to its average volume of 3,657,281. The business's fifty day moving average price is $14.05 and its 200 day moving average price is $13.32. The stock has a market capitalization of $184.45 billion, a P/E ratio of 14.15, 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. Mitsubishi UFJ Financial Group, Inc. has a fifty-two week low of $9.85 and a fifty-two week high of $16.16.

Mitsubishi UFJ Financial Group (NYSE:MUFG - Get Free Report) last released its quarterly earnings data on Monday, August 4th. The company reported $0.32 earnings per share for the quarter, topping analysts' consensus estimates of $0.29 by $0.03. The company had revenue of $22.10 billion for 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%. Analysts forecast that Mitsubishi UFJ Financial Group, Inc. will post 0.99 earnings per share for the current year.

About Mitsubishi UFJ Financial Group

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.