Gordian Capital Singapore Pte Ltd Sells 60,000 Shares of Mitsubishi UFJ Financial Group, Inc. $MUFG

Key Points

• Gordian Capital Singapore Pte Ltd has reduced its stake in Mitsubishi UFJ Financial Group, Inc. by 57.1%, selling 60,000 shares and now holding 45,000 shares worth approximately $629,000.
• Several other hedge funds have increased their positions in Mitsubishi UFJ during the first quarter, indicating growing institutional interest in the company.
• Mitsubishi UFJ Financial Group recently received a strong-buy rating upgrade from Zacks Research, highlighting a positive outlook on its stock performance.

Gordian Capital Singapore Pte Ltd reduced its stake in Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG - Free Report) by 57.1% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 45,000 shares of the company's stock after selling 60,000 shares during the quarter. Gordian Capital Singapore Pte Ltd's holdings in Mitsubishi UFJ Financial Group were worth $629,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Caitong International Asset Management Co. Ltd bought a new stake in shares of Mitsubishi UFJ Financial Group in the 1st quarter worth approximately $32,000. Nisa Investment Advisors LLC bought a new stake in shares of Mitsubishi UFJ Financial Group in the 1st quarter worth approximately $41,000. Financial Management Professionals Inc. boosted its position in shares of Mitsubishi UFJ Financial Group by 116.7% in the 1st quarter. Financial Management Professionals Inc. now owns 3,257 shares of the company's stock worth $44,000 after purchasing an additional 1,754 shares in the last quarter. Olde Wealth Management LLC purchased a new position in Mitsubishi UFJ Financial Group in the 1st quarter worth approximately $87,000. Finally, Cary Street Partners Financial LLC purchased a new position in Mitsubishi UFJ Financial Group in the 4th quarter worth approximately $98,000. 13.59% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of brokerages recently weighed in on MUFG. Wall Street Zen upgraded shares of Mitsubishi UFJ Financial Group from a "sell" rating to a "hold" rating in a report on Saturday, August 9th. Zacks Research upgraded shares of Mitsubishi UFJ Financial Group from a "hold" rating to a "strong-buy" rating in a report on Tuesday. One investment analyst has rated the stock with a Strong Buy rating, According to data from MarketBeat, the company presently has an average rating of "Strong Buy".

Mitsubishi UFJ Financial Group Price Performance

Shares of MUFG opened at $15.40 on Friday. The firm has a market cap of $185.78 billion, a PE ratio of 14.25, a P/E/G ratio of 1.40 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. The firm has a fifty day simple moving average of $14.25 and a two-hundred day simple moving average of $13.43. Mitsubishi UFJ Financial Group, Inc. has a 1-year low of $9.85 and a 1-year high of $16.16.

Mitsubishi UFJ Financial Group (NYSE:MUFG - Get Free Report) last announced its earnings results on Monday, August 4th. The company reported $0.32 earnings per share for the quarter, beating analysts' consensus estimates of $0.29 by $0.03. The business had revenue of $22.10 billion during the quarter, compared to analyst estimates of $9.86 billion. Mitsubishi UFJ Financial Group had a net margin of 13.95% and a return on equity of 9.35%. On average, equities analysts anticipate 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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