Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG) Shares Sold by Exencial Wealth Advisors LLC

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 decreased its stake in Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG - Free Report) by 12.5% in the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 172,398 shares of the company's stock after selling 24,589 shares during the quarter. Exencial Wealth Advisors LLC's holdings in Mitsubishi UFJ Financial Group were worth $2,350,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of MUFG. Nisa Investment Advisors LLC purchased a new position in shares of Mitsubishi UFJ Financial Group in the 1st quarter worth approximately $41,000. Financial Management Professionals Inc. increased its position in Mitsubishi UFJ Financial Group by 116.7% during the 1st quarter. Financial Management Professionals Inc. now owns 3,257 shares of the company's stock valued at $44,000 after buying an additional 1,754 shares in the last quarter. Olde Wealth Management LLC acquired a new position in Mitsubishi UFJ Financial Group during the 1st quarter valued at about $87,000. Cary Street Partners Financial LLC acquired a new position in Mitsubishi UFJ Financial Group during the 4th quarter valued at about $98,000. Finally, Paradigm Asset Management Co. LLC acquired a new position in Mitsubishi UFJ Financial Group during the 1st quarter valued at about $122,000. Hedge funds and other institutional investors own 13.59% of the company's stock.

Mitsubishi UFJ Financial Group Trading Down 0.1%

Shares of NYSE MUFG traded down $0.02 during trading on Monday, reaching $14.55. The stock had a trading volume of 480,749 shares, compared to its average volume of 6,022,674. Mitsubishi UFJ Financial Group, Inc. has a fifty-two week low of $9.60 and a fifty-two week high of $15.03. The company has a debt-to-equity ratio of 1.86, a quick ratio of 0.89 and a current ratio of 0.89. The business's 50-day moving average price is $13.79 and its 200-day moving average price is $13.17. The company has a market cap of $175.52 billion, a P/E ratio of 13.46, a PEG ratio of 1.43 and a beta of 0.42.

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

Analyst Upgrades and Downgrades

Separately, Wall Street Zen raised Mitsubishi UFJ Financial Group from a "sell" rating to a "hold" rating in a report on Saturday.

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.