Exencial Wealth Advisors LLC Sells 24,589 Shares of Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG)

Key Points

• Exencial Wealth Advisors LLC reduced its stake in Mitsubishi UFJ Financial Group by 12.5%, selling 24,589 shares to hold a total of 172,398 shares valued at $2,350,000.
• Multiple hedge funds have increased their investments in Mitsubishi UFJ Financial Group, with LPL Financial LLC growing its stake by 52.9% and JPMorgan Chase & Co. boosting theirs by 50.8% in the last quarter.
• Wall Street Zen downgraded Mitsubishi UFJ Financial Group from a "hold" rating to a "sell" rating on July 26, impacting investor sentiment toward the stock.

Exencial Wealth Advisors LLC reduced its stake in Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG - Free Report) by 12.5% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 172,398 shares of the company's stock after selling 24,589 shares during the period. Exencial Wealth Advisors LLC's holdings in Mitsubishi UFJ Financial Group were worth $2,350,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the stock. Atria Wealth Solutions Inc. lifted its holdings in Mitsubishi UFJ Financial Group by 12.4% during the 1st 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 during the last quarter. Allianz SE bought a new stake in Mitsubishi UFJ Financial Group in the 1st quarter valued at about $3,476,000. PNC Financial Services Group Inc. grew its position in shares of Mitsubishi UFJ Financial Group by 12.5% during the 1st quarter. PNC Financial Services Group Inc. now owns 343,602 shares of the company's stock worth $4,683,000 after purchasing an additional 38,196 shares in the last quarter. Commerce Bank grew its position in shares of Mitsubishi UFJ Financial Group by 5.3% during the 1st quarter. Commerce Bank now owns 17,478 shares of the company's stock worth $238,000 after purchasing an additional 878 shares in the last quarter. Finally, US Bancorp DE increased its holdings in shares of Mitsubishi UFJ Financial Group by 12.5% during the first quarter. US Bancorp DE now owns 371,814 shares of the company's stock worth $5,068,000 after purchasing an additional 41,238 shares during the period. 13.59% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen lowered Mitsubishi UFJ Financial Group from a "hold" rating to a "sell" rating in a research note on Saturday, July 26th.

Mitsubishi UFJ Financial Group Price Performance

MUFG traded up $0.17 on Friday, hitting $14.55. 2,501,223 shares of the stock were exchanged, compared to its average volume of 3,747,974. The firm has a market capitalization of $175.59 billion, a price-to-earnings ratio of 13.47, a PEG ratio of 1.41 and a beta of 0.42. The company has a debt-to-equity ratio of 1.86, a current ratio of 0.89 and a quick ratio of 1.01. Mitsubishi UFJ Financial Group, Inc. has a 12 month low of $9.54 and a 12 month high of $15.03. The business has a 50-day moving average of $13.79 and a two-hundred day moving average of $13.15.

Mitsubishi UFJ Financial Group (NYSE:MUFG - Get Free Report) last issued its quarterly earnings results 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 during the quarter, compared to the consensus estimate of $9.86 billion. Mitsubishi UFJ Financial Group had a net margin of 13.95% and a return on equity of 9.35%. Sell-side analysts forecast that Mitsubishi UFJ Financial Group, Inc. will post 0.99 EPS for the current fiscal 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.