Avantax Advisory Services Inc. Trims Stake in Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG)

Avantax Advisory Services Inc. reduced its position in shares of Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG - Free Report) by 20.7% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 181,276 shares of the company's stock after selling 47,366 shares during the quarter. Avantax Advisory Services Inc.'s holdings in Mitsubishi UFJ Financial Group were worth $2,471,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. Nisa Investment Advisors LLC purchased a new stake in shares of Mitsubishi UFJ Financial Group in the first quarter worth approximately $41,000. Financial Management Professionals Inc. increased its position 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 valued at $44,000 after acquiring an additional 1,754 shares during the last quarter. Olde Wealth Management LLC purchased a new stake in shares of Mitsubishi UFJ Financial Group during the first quarter valued at approximately $87,000. Cary Street Partners Financial LLC purchased a new stake in shares of Mitsubishi UFJ Financial Group during the fourth quarter valued at approximately $98,000. Finally, May Hill Capital LLC purchased a new stake in shares of Mitsubishi UFJ Financial Group during the fourth quarter valued at approximately $121,000. 13.59% of the stock is owned by institutional investors and hedge funds.

Mitsubishi UFJ Financial Group Stock Performance

NYSE:MUFG traded up $0.03 during trading hours on Friday, reaching $13.93. The stock had a trading volume of 4,872,798 shares, compared to its average volume of 3,674,169. The company has a debt-to-equity ratio of 2.57, a quick ratio of 1.01 and a current ratio of 1.01. The stock has a 50 day simple moving average of $13.76 and a 200 day simple moving average of $13.09. Mitsubishi UFJ Financial Group, Inc. has a 12-month low of $8.75 and a 12-month high of $15.03. The stock has a market cap of $168.10 billion, a P/E ratio of 13.27, a price-to-earnings-growth ratio of 0.92 and a beta of 0.42.

Mitsubishi UFJ Financial Group (NYSE:MUFG - Get Free Report) last released its quarterly earnings data on Thursday, May 15th. The company reported $0.13 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.03 by $0.10. Mitsubishi UFJ Financial Group had a return on equity of 9.45% and a net margin of 13.70%. The company had revenue of $22.91 billion for the quarter, compared to analyst estimates of $6.47 billion. On average, research analysts forecast that Mitsubishi UFJ Financial Group, Inc. will post 0.99 EPS for the current fiscal year.

Analyst Ratings Changes

Separately, Wall Street Zen downgraded Mitsubishi UFJ Financial Group from a "hold" rating to a "sell" rating in a research report on Saturday, July 26th.

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.