Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG) Position Trimmed by Yousif Capital Management LLC

Yousif Capital Management LLC cut its stake in shares of Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG - Free Report) by 27.5% during the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 136,367 shares of the company's stock after selling 51,665 shares during the period. Yousif Capital Management LLC's holdings in Mitsubishi UFJ Financial Group were worth $1,859,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of MUFG. Bank of New York Mellon Corp boosted its position in Mitsubishi UFJ Financial Group by 17.7% in the 4th quarter. Bank of New York Mellon Corp now owns 1,090,733 shares of the company's stock valued at $12,783,000 after buying an additional 164,011 shares during the last quarter. Rockefeller Capital Management L.P. boosted its holdings in Mitsubishi UFJ Financial Group by 182.6% in the fourth quarter. Rockefeller Capital Management L.P. now owns 152,526 shares of the company's stock valued at $1,787,000 after purchasing an additional 98,562 shares during the last quarter. Atria Wealth Solutions Inc. grew its stake in Mitsubishi UFJ Financial Group by 26.6% during the 4th quarter. Atria Wealth Solutions Inc. now owns 13,867 shares of the company's stock valued at $163,000 after purchasing an additional 2,915 shares in the last quarter. Allspring Global Investments Holdings LLC increased its holdings in Mitsubishi UFJ Financial Group by 10.1% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 83,516 shares of the company's stock worth $982,000 after purchasing an additional 7,629 shares during the last quarter. Finally, GAMMA Investing LLC increased its holdings in Mitsubishi UFJ Financial Group by 1,576.9% during the 1st quarter. GAMMA Investing LLC now owns 607,993 shares of the company's stock worth $8,287,000 after purchasing an additional 571,735 shares during the last quarter. 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 research note on Saturday, June 14th.

Mitsubishi UFJ Financial Group Trading Up 0.9%

MUFG stock traded up $0.13 during mid-day trading on Thursday, hitting $13.51. 4,301,702 shares of the company were exchanged, compared to its average volume of 4,233,546. The firm has a fifty day simple moving average of $12.97 and a 200 day simple moving average of $12.66. The company has a market capitalization of $162.97 billion, a PE ratio of 12.86, a price-to-earnings-growth ratio of 0.89 and a beta of 0.42. Mitsubishi UFJ Financial Group, Inc. has a twelve month low of $8.75 and a twelve month high of $15.03.

Mitsubishi UFJ Financial Group (NYSE:MUFG - Get Free Report) last issued its quarterly earnings results on Thursday, May 15th. The company reported $0.13 EPS for the quarter, topping the consensus estimate of $0.03 by $0.10. The business had revenue of $22.91 billion for the quarter, compared to analysts' expectations of $6.47 billion. Mitsubishi UFJ Financial Group had a net margin of 13.70% and a return on equity of 9.18%. As a group, sell-side analysts anticipate that Mitsubishi UFJ Financial Group, Inc. will post 0.99 earnings per share for the current 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.