Dorsey Wright & Associates Sells 35,051 Shares of Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG)

Dorsey Wright & Associates trimmed its stake in shares of Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG - Free Report) by 11.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 278,256 shares of the company's stock after selling 35,051 shares during the quarter. Dorsey Wright & Associates' holdings in Mitsubishi UFJ Financial Group were worth $3,793,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Northern Trust Corp lifted its stake in shares of Mitsubishi UFJ Financial Group by 46.6% during the 4th quarter. Northern Trust Corp now owns 10,522,079 shares of the company's stock worth $123,319,000 after buying an additional 3,342,330 shares during the last quarter. Chevy Chase Trust Holdings LLC lifted its position in Mitsubishi UFJ Financial Group by 4.2% during the first quarter. Chevy Chase Trust Holdings LLC now owns 6,197,764 shares of the company's stock worth $84,476,000 after acquiring an additional 247,508 shares during the last quarter. Royal Bank of Canada boosted its holdings in shares of Mitsubishi UFJ Financial Group by 40.4% during the fourth quarter. Royal Bank of Canada now owns 6,021,271 shares of the company's stock worth $70,570,000 after acquiring an additional 1,731,873 shares during the period. Envestnet Asset Management Inc. boosted its holdings in shares of Mitsubishi UFJ Financial Group by 0.3% during the first quarter. Envestnet Asset Management Inc. now owns 4,820,099 shares of the company's stock worth $65,698,000 after acquiring an additional 13,167 shares during the period. Finally, Clearbridge Investments LLC grew its position in shares of Mitsubishi UFJ Financial Group by 325.9% in the fourth quarter. Clearbridge Investments LLC now owns 3,822,530 shares of the company's stock valued at $44,800,000 after purchasing an additional 2,924,979 shares during the last quarter. 13.59% of the stock is currently owned by institutional investors and hedge funds.

Mitsubishi UFJ Financial Group Stock Performance

Shares of MUFG traded up $0.25 during midday trading on Thursday, reaching $14.80. 3,930,782 shares of the stock were exchanged, compared to its average volume of 3,519,106. The stock's 50 day simple moving average is $13.71 and its 200 day simple moving average is $13.00. The company has a market cap of $178.54 billion, a P/E ratio of 14.09, a PEG ratio of 0.96 and a beta of 0.39. Mitsubishi UFJ Financial Group, Inc. has a twelve month low of $8.75 and a twelve month high of $15.03. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 2.57.

Mitsubishi UFJ Financial Group (NYSE:MUFG - Get Free Report) last issued its quarterly earnings data on Thursday, May 15th. The company reported $0.13 earnings per share for the quarter, topping the consensus estimate of $0.03 by $0.10. Mitsubishi UFJ Financial Group had a net margin of 13.70% and a return on equity of 9.45%. The business had revenue of $22.91 billion during the quarter, compared to analysts' expectations of $6.47 billion. On average, sell-side analysts expect 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 raised Mitsubishi UFJ Financial Group from a "sell" rating to a "hold" rating in a report on Saturday, June 14th.

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.