Invesco Ltd. Sells 231,265 Shares of Mitsubishi UFJ Financial Group, Inc. $MUFG

Key Points

• Invesco Ltd. has reduced its stake in Mitsubishi UFJ Financial Group by 19.1%, selling 231,265 shares and now holding 977,144 shares valued at approximately $13.3 million.
• Institutional investors have shown increased interest, with Northern Trust Corp and Royal Bank of Canada boosting their stakes by 46.6% and 40.4%, respectively.
• Mitsubishi UFJ Financial Group's stock recently opened at $15.58 and has a market cap of $188.05 billion, with its earnings per share beating analyst expectations.

Invesco Ltd. cut its holdings in shares of Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG - Free Report) by 19.1% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 977,144 shares of the company's stock after selling 231,265 shares during the period. Invesco Ltd.'s holdings in Mitsubishi UFJ Financial Group were worth $13,318,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Nisa Investment Advisors LLC acquired a new position in shares of Mitsubishi UFJ Financial Group during the first quarter worth $41,000. Financial Management Professionals Inc. increased its holdings in shares of Mitsubishi UFJ Financial Group by 116.7% during the first quarter. Financial Management Professionals Inc. now owns 3,257 shares of the company's stock worth $44,000 after buying an additional 1,754 shares in the last quarter. Olde Wealth Management LLC acquired a new position in shares of Mitsubishi UFJ Financial Group during the first quarter worth $87,000. Cary Street Partners Financial LLC acquired a new position in shares of Mitsubishi UFJ Financial Group during the fourth quarter worth $98,000. Finally, Paradigm Asset Management Co. LLC acquired a new position in shares of Mitsubishi UFJ Financial Group during the first quarter worth $122,000. 13.59% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts recently weighed in on the company. Wall Street Zen upgraded Mitsubishi UFJ Financial Group from a "sell" rating to a "hold" rating in a report on Saturday, August 9th. Zacks Research upgraded Mitsubishi UFJ Financial Group from a "hold" rating to a "strong-buy" rating in a report on Tuesday. One research analyst has rated the stock with a Strong Buy rating, Based on data from MarketBeat, the company currently has a consensus rating of "Strong Buy".

Mitsubishi UFJ Financial Group Trading Up 0.8%

Mitsubishi UFJ Financial Group stock traded up $0.12 during trading hours on Thursday, reaching $15.40. 2,944,214 shares of the company's stock were exchanged, compared to its average volume of 3,596,333. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 1.86. The firm's 50 day simple moving average is $14.25 and its 200 day simple moving average is $13.43. Mitsubishi UFJ Financial Group, Inc. has a twelve month low of $9.85 and a twelve month high of $16.16. The firm has a market capitalization of $185.78 billion, a PE ratio of 14.25, a PEG ratio of 1.40 and a beta of 0.42.

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. 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 the consensus estimate of $9.86 billion. Research analysts predict that Mitsubishi UFJ Financial Group, Inc. will post 0.99 earnings per share 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.