Ritholtz Wealth Management Cuts Holdings in Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG)

Ritholtz Wealth Management decreased its position in shares of Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG - Free Report) by 10.3% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 197,228 shares of the company's stock after selling 22,602 shares during the period. Ritholtz Wealth Management's holdings in Mitsubishi UFJ Financial Group were worth $2,688,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in MUFG. Northern Trust Corp raised its position in Mitsubishi UFJ Financial Group by 46.6% in the 4th quarter. Northern Trust Corp now owns 10,522,079 shares of the company's stock valued at $123,319,000 after purchasing an additional 3,342,330 shares during the last quarter. Clearbridge Investments LLC boosted its holdings in Mitsubishi UFJ Financial Group by 325.9% during the fourth quarter. Clearbridge Investments LLC now owns 3,822,530 shares of the company's stock worth $44,800,000 after buying an additional 2,924,979 shares in the last quarter. Raymond James Financial Inc. acquired a new position in Mitsubishi UFJ Financial Group during the fourth quarter worth about $29,252,000. Royal Bank of Canada grew its position in Mitsubishi UFJ Financial Group by 40.4% during the fourth quarter. Royal Bank of Canada now owns 6,021,271 shares of the company's stock worth $70,570,000 after buying an additional 1,731,873 shares during the period. Finally, Guardian Partners Inc. acquired a new stake in shares of Mitsubishi UFJ Financial Group during the 4th quarter valued at approximately $7,069,000. Hedge funds and other institutional investors own 13.59% of the company's stock.

Mitsubishi UFJ Financial Group Stock Down 1.9%

Shares of Mitsubishi UFJ Financial Group stock traded down $0.26 during trading on Tuesday, hitting $13.38. 3,863,289 shares of the company were exchanged, compared to its average volume of 4,222,264. Mitsubishi UFJ Financial Group, Inc. has a fifty-two week low of $8.75 and a fifty-two week high of $15.03. The firm has a 50 day moving average price of $12.90 and a 200 day moving average price of $12.65. The stock has a market capitalization of $161.42 billion, a price-to-earnings ratio of 12.18, a P/E/G ratio of 0.91 and a beta of 0.42.

Mitsubishi UFJ Financial Group (NYSE:MUFG - Get Free Report) last posted its quarterly earnings data 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 for the quarter, compared to analyst estimates of $6.47 billion. Mitsubishi UFJ Financial Group had a return on equity of 9.18% and a net margin of 13.70%. Analysts predict that Mitsubishi UFJ Financial Group, Inc. will post 0.99 earnings per share for the current year.

Analyst Upgrades and Downgrades

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

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.