Mitsubishi UFJ Financial Group, Inc. $MUFG Shares Sold by Blue Trust Inc.

Key Points

• Blue Trust Inc. cut its holdings in Mitsubishi UFJ Financial Group by 68.5% in Q4, selling 57,324 shares and leaving 26,397 shares valued at about $419,000.
• MUFG outlook and metrics: the stock opened at $17.46 (1‑year range $10.46–$20.15), has a $207.17B market cap and P/E of 15.31, reported a Q4 EPS beat ($0.32 vs. $0.30) and carries a consensus analyst rating of "Buy."

Blue Trust Inc. cut its holdings in shares of Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG - Free Report) by 68.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 26,397 shares of the company's stock after selling 57,324 shares during the quarter. Blue Trust Inc.'s holdings in Mitsubishi UFJ Financial Group were worth $419,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Westside Investment Management Inc. lifted its holdings in shares of Mitsubishi UFJ Financial Group by 100.0% during the 3rd quarter. Westside Investment Management Inc. now owns 1,846 shares of the company's stock worth $29,000 after acquiring an additional 923 shares during the period. JPL Wealth Management LLC acquired a new stake in shares of Mitsubishi UFJ Financial Group in the third quarter worth approximately $34,000. Redmont Wealth Advisors LLC purchased a new stake in Mitsubishi UFJ Financial Group in the third quarter valued at approximately $35,000. True Wealth Design LLC purchased a new stake in Mitsubishi UFJ Financial Group in the third quarter valued at approximately $49,000. Finally, CWM LLC increased its position in Mitsubishi UFJ Financial Group by 188.9% during the third quarter. CWM LLC now owns 3,504 shares of the company's stock worth $56,000 after purchasing an additional 2,291 shares during the last quarter. Hedge funds and other institutional investors own 13.59% of the company's stock.

Mitsubishi UFJ Financial Group Stock Performance

Shares of NYSE:MUFG opened at $17.46 on Monday. Mitsubishi UFJ Financial Group, Inc. has a 1 year low of $10.46 and a 1 year high of $20.15. The stock has a market capitalization of $207.17 billion, a P/E ratio of 15.31, a PEG ratio of 0.78 and a beta of 0.38. The stock has a 50-day simple moving average of $17.92 and a 200-day simple moving average of $16.60.

Mitsubishi UFJ Financial Group (NYSE:MUFG - Get Free Report) last posted its quarterly earnings results on Wednesday, February 4th. The company reported $0.32 EPS for the quarter, beating the consensus estimate of $0.30 by $0.02. Mitsubishi UFJ Financial Group had a net margin of 13.87% and a return on equity of 9.58%. Analysts predict that Mitsubishi UFJ Financial Group, Inc. will post 0.99 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. Weiss Ratings upgraded shares of Mitsubishi UFJ Financial Group from a "hold (c)" rating to a "buy (b-)" rating in a report on Thursday, February 5th. UBS Group upgraded Mitsubishi UFJ Financial Group to a "strong-buy" rating in a report on Thursday, January 22nd. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has assigned a Hold rating to the company's stock. According to MarketBeat.com, Mitsubishi UFJ Financial Group has a consensus rating of "Buy".

About Mitsubishi UFJ Financial Group

Mitsubishi UFJ Financial Group, Inc (MUFG) is a Tokyo-based financial services holding company and one of Japan's largest banking groups and among the world's leading financial institutions. The group was formed through the integration of Mitsubishi Tokyo Financial Group and UFJ Holdings and operates a comprehensive suite of banking and financial services for retail, corporate, and institutional clients. MUFG's core banking operations are conducted through its commercial banking arm and a network of domestic and international subsidiaries and affiliates.

MUFG offers a broad range of products and services including commercial and retail banking, corporate and investment banking, global transaction banking, trust banking, asset management, securities and brokerage services, credit cards, consumer finance, leasing and custody services.

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