Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG) Stake Cut by Cresset Asset Management LLC

Cresset Asset Management LLC decreased its holdings in Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG - Free Report) by 91.2% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 15,856 shares of the company's stock after selling 164,839 shares during the quarter. Cresset Asset Management LLC's holdings in Mitsubishi UFJ Financial Group were worth $186,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently made changes to their positions in the stock. Northern Trust Corp lifted its holdings in shares of Mitsubishi UFJ Financial Group by 46.6% in the fourth quarter. Northern Trust Corp now owns 10,522,079 shares of the company's stock valued at $123,319,000 after buying an additional 3,342,330 shares during the period. Clearbridge Investments LLC lifted its holdings in shares of Mitsubishi UFJ Financial Group by 325.9% in the fourth quarter. Clearbridge Investments LLC now owns 3,822,530 shares of the company's stock valued at $44,800,000 after buying an additional 2,924,979 shares during the period. Raymond James Financial Inc. acquired a new stake in shares of Mitsubishi UFJ Financial Group in the fourth quarter valued at $29,252,000. Artemis Investment Management LLP acquired a new stake in shares of Mitsubishi UFJ Financial Group in the fourth quarter valued at $10,880,000. Finally, Guardian Partners Inc. acquired a new stake in shares of Mitsubishi UFJ Financial Group in the fourth quarter valued at $7,069,000. 13.59% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, Wall Street Zen upgraded Mitsubishi UFJ Financial Group from a "sell" rating to a "hold" rating in a report on Friday, May 16th.

Mitsubishi UFJ Financial Group Trading Down 1.1%

Shares of NYSE MUFG traded down $0.16 during mid-day trading on Thursday, hitting $13.66. 8,646,709 shares of the company traded hands, compared to its average volume of 3,984,096. Mitsubishi UFJ Financial Group, Inc. has a 1 year low of $8.75 and a 1 year high of $15.03. The stock has a market capitalization of $164.78 billion, a price-to-earnings ratio of 12.53, a PEG ratio of 1.16 and a beta of 0.39. The company has a quick ratio of 0.92, a current ratio of 0.90 and a debt-to-equity ratio of 2.06. The business has a 50 day moving average of $12.74 and a two-hundred day moving average of $12.37.

Mitsubishi UFJ Financial Group (NYSE:MUFG - Get Free Report) last announced its 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. Mitsubishi UFJ Financial Group had a return on equity of 9.27% and a net margin of 14.19%. The business had revenue of $22.91 billion during the quarter, compared to the consensus estimate of $6.47 billion. On average, sell-side analysts anticipate that Mitsubishi UFJ Financial Group, Inc. will post 0.99 earnings per share for the current fiscal year.

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.