Forum Financial Management LP Cuts Stock Position in Mitsubishi UFJ Financial Group, Inc. $MUFG

Forum Financial Management LP lessened its stake in shares of Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG - Free Report) by 9.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 322,044 shares of the company's stock after selling 35,517 shares during the quarter. Forum Financial Management LP's holdings in Mitsubishi UFJ Financial Group were worth $4,418,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of MUFG. Artemis Investment Management LLP grew its holdings in Mitsubishi UFJ Financial Group by 175.6% in the first quarter. Artemis Investment Management LLP now owns 2,558,102 shares of the company's stock valued at $34,867,000 after purchasing an additional 1,629,765 shares during the last quarter. National Bank of Canada FI acquired a new stake in Mitsubishi UFJ Financial Group in the first quarter valued at $12,534,000. Natixis Advisors LLC grew its holdings in Mitsubishi UFJ Financial Group by 9.2% in the first quarter. Natixis Advisors LLC now owns 10,756,565 shares of the company's stock valued at $146,612,000 after purchasing an additional 905,674 shares during the last quarter. Northern Trust Corp grew its holdings in Mitsubishi UFJ Financial Group by 8.4% in the first quarter. Northern Trust Corp now owns 11,407,268 shares of the company's stock valued at $155,481,000 after purchasing an additional 885,189 shares during the last quarter. Finally, 1832 Asset Management L.P. grew its holdings in Mitsubishi UFJ Financial Group by 3,965.4% in the first quarter. 1832 Asset Management L.P. now owns 713,069 shares of the company's stock valued at $9,719,000 after purchasing an additional 695,529 shares during the last quarter. Hedge funds and other institutional investors own 13.59% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. Zacks Research raised Mitsubishi UFJ Financial Group from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, August 26th. Wall Street Zen raised Mitsubishi UFJ Financial Group from a "sell" rating to a "hold" rating in a research note on Saturday, August 9th. Finally, Weiss Ratings reaffirmed a "hold (c)" rating on shares of Mitsubishi UFJ Financial Group in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, Mitsubishi UFJ Financial Group has an average rating of "Buy".

Mitsubishi UFJ Financial Group Stock Down 1.7%

Shares of NYSE:MUFG opened at $15.02 on Thursday. The stock's 50-day moving average price is $15.47 and its two-hundred day moving average price is $14.03. 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 12-month low of $10.15 and a 12-month high of $16.24. The firm has a market cap of $181.22 billion, a price-to-earnings ratio of 13.90, a PEG ratio of 1.11 and a beta of 0.38.

Mitsubishi UFJ Financial Group (NYSE:MUFG - Get Free Report) last released its quarterly earnings data on Monday, August 4th. The company reported $0.32 EPS 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 the consensus estimate 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, research analysts forecast that Mitsubishi UFJ Financial Group, Inc. will post 0.99 EPS 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.

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