Bank of New York Mellon Corp Sells 58,420 Shares of Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG)

Bank of New York Mellon Corp trimmed its holdings in Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG - Free Report) by 5.4% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,032,313 shares of the company's stock after selling 58,420 shares during the quarter. Bank of New York Mellon Corp's holdings in Mitsubishi UFJ Financial Group were worth $14,070,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in MUFG. Olde Wealth Management LLC bought a new stake in shares of Mitsubishi UFJ Financial Group during the first quarter worth approximately $87,000. OneDigital Investment Advisors LLC increased its stake in shares of Mitsubishi UFJ Financial Group by 27.6% in the 1st quarter. OneDigital Investment Advisors LLC now owns 31,266 shares of the company's stock valued at $426,000 after acquiring an additional 6,759 shares during the last quarter. Silver Oak Securities Incorporated increased its stake in shares of Mitsubishi UFJ Financial Group by 4.9% in the 1st quarter. Silver Oak Securities Incorporated now owns 39,152 shares of the company's stock valued at $547,000 after acquiring an additional 1,813 shares during the last quarter. Calamos Wealth Management LLC increased its stake in shares of Mitsubishi UFJ Financial Group by 5.9% in the 1st quarter. Calamos Wealth Management LLC now owns 115,783 shares of the company's stock valued at $1,578,000 after acquiring an additional 6,485 shares during the last quarter. Finally, Checchi Capital Advisers LLC increased its stake in shares of Mitsubishi UFJ Financial Group by 6.9% in the 1st quarter. Checchi Capital Advisers LLC now owns 76,563 shares of the company's stock valued at $1,044,000 after acquiring an additional 4,945 shares during the last quarter. 13.59% of the stock is owned by institutional investors.

Mitsubishi UFJ Financial Group Stock Performance

NYSE:MUFG traded up $0.87 during mid-day trading on Wednesday, reaching $14.55. 4,446,776 shares of the company's stock were exchanged, compared to its average volume of 4,420,902. Mitsubishi UFJ Financial Group, Inc. has a one year low of $8.75 and a one year high of $15.03. The firm has a market capitalization of $175.54 billion, a PE ratio of 13.85, a price-to-earnings-growth ratio of 0.90 and a beta of 0.39. The business's fifty day simple moving average is $13.68 and its two-hundred day simple moving average is $12.98. The company has a debt-to-equity ratio of 2.57, a quick ratio of 1.01 and a current ratio of 1.01.

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, beating analysts' consensus estimates of $0.03 by $0.10. The business had revenue of $22.91 billion during the quarter, compared to the consensus estimate of $6.47 billion. Mitsubishi UFJ Financial Group had a return on equity of 9.45% and a net margin of 13.70%. 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 raised shares of Mitsubishi UFJ Financial Group from a "sell" rating to a "hold" rating in a research report on Saturday, June 14th.

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.