Bank of New York Mellon Corp Has $14.07 Million Position in Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG)

Bank of New York Mellon Corp reduced its stake in shares of Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG - Free Report) by 5.4% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor 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 reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Alaethes Wealth LLC increased its stake in Mitsubishi UFJ Financial Group by 0.4% in the 4th quarter. Alaethes Wealth LLC now owns 214,817 shares of the company's stock worth $2,518,000 after purchasing an additional 951 shares in the last quarter. EntryPoint Capital LLC increased its stake in Mitsubishi UFJ Financial Group by 6.9% in the 4th quarter. EntryPoint Capital LLC now owns 15,595 shares of the company's stock worth $183,000 after purchasing an additional 1,002 shares in the last quarter. Wedmont Private Capital increased its stake in Mitsubishi UFJ Financial Group by 3.9% in the 1st quarter. Wedmont Private Capital now owns 29,658 shares of the company's stock worth $404,000 after purchasing an additional 1,126 shares in the last quarter. Quadrant Capital Group LLC increased its stake in Mitsubishi UFJ Financial Group by 1.2% in the 4th quarter. Quadrant Capital Group LLC now owns 112,554 shares of the company's stock worth $1,319,000 after purchasing an additional 1,306 shares in the last quarter. Finally, Integrated Wealth Concepts LLC increased its stake in Mitsubishi UFJ Financial Group by 2.9% in the 4th quarter. Integrated Wealth Concepts LLC now owns 49,706 shares of the company's stock worth $583,000 after purchasing an additional 1,403 shares in the last quarter. 13.59% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen raised Mitsubishi UFJ Financial Group from a "sell" rating to a "hold" rating in a research note on Saturday, June 14th.

Mitsubishi UFJ Financial Group Stock Up 1.9%

NYSE:MUFG traded up $0.26 on Tuesday, hitting $13.71. 2,374,282 shares of the company's stock traded hands, compared to its average volume of 4,395,716. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 2.57. Mitsubishi UFJ Financial Group, Inc. has a 1 year low of $8.75 and a 1 year high of $15.03. The firm has a 50-day moving average price of $13.63 and a 200-day moving average price of $12.95. The company has a market cap of $165.39 billion, a PE ratio of 13.05, a price-to-earnings-growth ratio of 0.88 and a beta of 0.39.

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

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.