HB Wealth Management LLC Decreases Stock Holdings in Mitsubishi UFJ Financial Group, Inc. $MUFG

Key Points

• HB Wealth Management LLC has decreased its stake in Mitsubishi UFJ Financial Group by 65.2%, holding 27,466 shares valued at $377,000 following the sale of 51,370 shares.
• Other institutional investors have made significant changes to their positions, with Artemis Investment Management boosting its stake by 175.6% during the first quarter, now owning over 2.5 million shares.
• Analysts have mixed ratings on MUFG, with Zacks upgrading it to a "strong-buy" and an average rating of "Buy" currently assigned to the stock.

HB Wealth Management LLC reduced its stake in shares of Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG - Free Report) by 65.2% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 27,466 shares of the company's stock after selling 51,370 shares during the period. HB Wealth Management LLC's holdings in Mitsubishi UFJ Financial Group were worth $377,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Artemis Investment Management LLP boosted its stake in Mitsubishi UFJ Financial Group by 175.6% during the first quarter. Artemis Investment Management LLP now owns 2,558,102 shares of the company's stock worth $34,867,000 after buying an additional 1,629,765 shares during the last quarter. National Bank of Canada FI purchased a new position in shares of Mitsubishi UFJ Financial Group during the 1st quarter worth $12,534,000. Natixis Advisors LLC boosted its position in shares of Mitsubishi UFJ Financial Group by 9.2% during the 1st quarter. Natixis Advisors LLC now owns 10,756,565 shares of the company's stock valued at $146,612,000 after acquiring an additional 905,674 shares during the last quarter. Northern Trust Corp grew its holdings in shares of 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 period. Finally, 1832 Asset Management L.P. grew its holdings in shares of 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 period. Institutional investors and hedge funds own 13.59% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on MUFG shares. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Mitsubishi UFJ Financial Group in a research note on Saturday, September 27th. Zacks Research upgraded shares of Mitsubishi UFJ Financial Group from a "hold" rating to a "strong-buy" rating in a report on Tuesday, August 26th. Finally, Wall Street Zen raised shares of Mitsubishi UFJ Financial Group from a "sell" rating to a "hold" rating in a research report on Saturday, August 9th. One equities research analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Buy".

Mitsubishi UFJ Financial Group Trading Up 2.1%

Shares of MUFG stock opened at $15.75 on Monday. Mitsubishi UFJ Financial Group, Inc. has a fifty-two week low of $9.87 and a fifty-two week high of $16.24. The company has a 50 day moving average price of $15.24 and a 200 day moving average price of $13.90. The stock has a market capitalization of $190.01 billion, a P/E ratio of 14.58, a price-to-earnings-growth ratio of 1.15 and a beta of 0.38. The company has a debt-to-equity ratio of 1.86, a quick ratio of 0.89 and a current ratio of 0.89.

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

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.

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