Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG) Shares Sold by Envestnet Portfolio Solutions Inc.

Envestnet Portfolio Solutions Inc. lowered its stake in Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG - Free Report) by 38.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 61,140 shares of the company's stock after selling 38,533 shares during the period. Envestnet Portfolio Solutions Inc.'s holdings in Mitsubishi UFJ Financial Group were worth $833,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Northern Trust Corp raised 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 worth $123,319,000 after buying an additional 3,342,330 shares during the last quarter. Natixis Advisors LLC increased its stake in shares of Mitsubishi UFJ Financial Group by 5.4% in the fourth quarter. Natixis Advisors LLC now owns 9,850,891 shares of the company's stock worth $115,452,000 after acquiring an additional 507,578 shares during the period. Royal Bank of Canada increased its stake in shares of Mitsubishi UFJ Financial Group by 40.4% in the fourth quarter. Royal Bank of Canada now owns 6,021,271 shares of the company's stock worth $70,570,000 after acquiring an additional 1,731,873 shares during the period. Envestnet Asset Management Inc. raised its holdings in shares of Mitsubishi UFJ Financial Group by 7.0% during the fourth quarter. Envestnet Asset Management Inc. now owns 4,806,932 shares of the company's stock worth $56,337,000 after purchasing an additional 313,851 shares during the last quarter. Finally, Sei Investments Co. raised its holdings in shares of Mitsubishi UFJ Financial Group by 1.6% during the fourth quarter. Sei Investments Co. now owns 4,092,847 shares of the company's stock worth $47,968,000 after purchasing an additional 64,808 shares during the last quarter. Hedge funds and other institutional investors own 13.59% of the company's stock.

Mitsubishi UFJ Financial Group Stock Performance

MUFG stock opened at $13.61 on Thursday. The firm has a market cap of $164.24 billion, a PE ratio of 12.96, a P/E/G ratio of 0.92 and a beta of 0.42. The firm's fifty day moving average is $13.17 and its 200 day moving average is $12.71. Mitsubishi UFJ Financial Group, Inc. has a one year low of $8.75 and a one year high of $15.03.

Mitsubishi UFJ Financial Group (NYSE:MUFG - Get Free Report) last announced its earnings results on Thursday, May 15th. The company reported $0.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.03 by $0.10. Mitsubishi UFJ Financial Group had a net margin of 13.70% and a return on equity of 9.18%. The business had revenue of $22.91 billion for the quarter, compared to analyst estimates of $6.47 billion. Research analysts predict that Mitsubishi UFJ Financial Group, Inc. will post 0.99 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

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

Mitsubishi UFJ Financial Group 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.