Avantax Advisory Services Inc. Sells 47,366 Shares of Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG)

Avantax Advisory Services Inc. trimmed its stake in Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG - Free Report) by 20.7% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 181,276 shares of the company's stock after selling 47,366 shares during the period. Avantax Advisory Services Inc.'s holdings in Mitsubishi UFJ Financial Group were worth $2,471,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in MUFG. Nisa Investment Advisors LLC bought a new position in shares of Mitsubishi UFJ Financial Group in the 1st quarter worth $41,000. Financial Management Professionals Inc. boosted its holdings in shares of Mitsubishi UFJ Financial Group by 116.7% in the first quarter. Financial Management Professionals Inc. now owns 3,257 shares of the company's stock valued at $44,000 after buying an additional 1,754 shares during the period. Olde Wealth Management LLC acquired a new position in shares of Mitsubishi UFJ Financial Group in the first quarter valued at approximately $87,000. Cary Street Partners Financial LLC bought a new stake in shares of Mitsubishi UFJ Financial Group in the fourth quarter valued at about $98,000. Finally, Paradigm Asset Management Co. LLC bought a new stake in shares of Mitsubishi UFJ Financial Group in the first quarter valued at about $122,000. Institutional investors and hedge funds own 13.59% of the company's stock.

Mitsubishi UFJ Financial Group Stock Performance

Shares of Mitsubishi UFJ Financial Group stock traded down $0.02 during mid-day trading on Wednesday, hitting $13.96. 3,899,749 shares of the stock were exchanged, compared to its average volume of 3,302,881. 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 company has a market capitalization of $168.47 billion, a P/E ratio of 13.30, a P/E/G ratio of 0.92 and a beta of 0.39. The company has a 50-day simple moving average of $13.74 and a 200 day simple moving average of $13.05. Mitsubishi UFJ Financial Group, Inc. has a 12 month low of $8.75 and a 12 month high of $15.03.

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

Analyst Upgrades and Downgrades

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

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.