Mitsubishi UFJ Financial Group, Inc. $MUFG Shares Sold by Sequoia Financial Advisors LLC

Key Points

• Sequoia Financial Advisors cut its MUFG stake by 39% in the second quarter, selling 51,670 shares and retaining 80,661 shares valued at approximately $1.6 million. Hedge funds and institutional investors collectively own 13.59% of the company.
• Analyst sentiment remains favorable, with MUFG carrying a consensus “Moderate Buy” rating based on one Strong Buy, two Buy, and two Hold ratings.
• MUFG recently exceeded earnings expectations, reporting quarterly EPS of $0.45 versus the $0.35 consensus and revenue of $15.11 billion versus estimates of $10.06 billion. Shares opened at $23.68, near their 52-week high of $24.26.

Sequoia Financial Advisors LLC lessened its stake in Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG - Free Report) by 39.0% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 80,661 shares of the company's stock after selling 51,670 shares during the quarter. Sequoia Financial Advisors LLC's holdings in Mitsubishi UFJ Financial Group were worth $1,604,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in MUFG. Parkside Financial Bank & Trust boosted its stake in shares of Mitsubishi UFJ Financial Group by 7.7% during the 2nd quarter. Parkside Financial Bank & Trust now owns 8,017 shares of the company's stock worth $159,000 after acquiring an additional 574 shares in the last quarter. Alta Capital Management LLC boosted its stake in shares of Mitsubishi UFJ Financial Group by 5.7% in the fourth quarter. Alta Capital Management LLC now owns 12,067 shares of the company's stock worth $191,000 after acquiring an additional 647 shares during the last quarter. Eagle Bay Advisors LLC grew its holdings in shares of Mitsubishi UFJ Financial Group by 6.4% during the first quarter. Eagle Bay Advisors LLC now owns 11,334 shares of the company's stock worth $192,000 after buying an additional 677 shares in the last quarter. Trust Point Inc. grew its stake in Mitsubishi UFJ Financial Group by 1.5% during the 2nd quarter. Trust Point Inc. now owns 49,093 shares of the company's stock valued at $976,000 after acquiring an additional 712 shares in the last quarter. Finally, Signature Equity Partners LLC grew its position in shares of Mitsubishi UFJ Financial Group by 73.0% in the first quarter. Signature Equity Partners LLC now owns 1,697 shares of the company's stock valued at $29,000 after purchasing an additional 716 shares in the last quarter. 13.59% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

MUFG has been the subject of a number of analyst reports. Weiss Ratings lowered shares of Mitsubishi UFJ Financial Group from a "buy (b)" rating to a "hold (c)" rating in a report on Tuesday, July 14th. Erste Group Bank assumed coverage on shares of Mitsubishi UFJ Financial Group in a research report on Thursday, June 25th. They set a "buy" rating for the company. Finally, Mitsubishi UFJ Financial Group initiated coverage on shares of Mitsubishi UFJ Financial Group in a report on Thursday, June 25th. They issued a "buy" rating on the stock. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, Mitsubishi UFJ Financial Group currently has a consensus rating of "Moderate Buy".

Mitsubishi UFJ Financial Group Stock Down 0.9%

Shares of NYSE:MUFG opened at $23.68 on Wednesday. The stock has a market cap of $281.05 billion, a price-to-earnings ratio of 15.48, a price-to-earnings-growth ratio of 1.06 and a beta of 0.39. The firm's 50 day moving average price is $22.59 and its 200 day moving average price is $19.96. Mitsubishi UFJ Financial Group, Inc. has a fifty-two week low of $14.62 and a fifty-two week high of $24.26. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 1.10.

Mitsubishi UFJ Financial Group (NYSE:MUFG - Get Free Report) last posted its earnings results on Tuesday, August 4th. The company reported $0.45 EPS for the quarter, beating the consensus estimate of $0.35 by $0.10. The firm had revenue of $15.11 billion for the quarter, compared to analyst estimates of $10.06 billion. Mitsubishi UFJ Financial Group had a return on equity of 12.30% and a net margin of 17.63%. As a group, equities research analysts predict that Mitsubishi UFJ Financial Group, Inc. will post 1.59 earnings per share for the current fiscal year.

Mitsubishi UFJ Financial Group Company Profile

Mitsubishi UFJ Financial Group, Inc NYSE: MUFG is a diversified Japanese financial services group headquartered in Tokyo. The group's principal banking subsidiary, MUFG Bank, provides commercial and retail banking services, including deposits, lending, payments, foreign exchange, and transaction banking. Through its broader operations, MUFG also offers trust banking, securities services, asset management, leasing, credit cards, and consumer finance.

MUFG serves individuals, businesses, financial institutions, and governments in Japan and international markets.

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