Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG) Shares Sold by Moors & Cabot Inc.

Key Points

• Moors & Cabot Inc. reduced its holdings in Mitsubishi UFJ Financial Group by 73.3% in the first quarter, selling 41,500 shares and leaving it with 15,100 shares valued at $206,000.
• Other investors, such as US Bancorp DE and Natixis Advisors LLC, have recently increased their stakes, with the total institutional ownership of Mitsubishi UFJ Financial Group at 13.59%.
• Shares of Mitsubishi UFJ Financial Group recently received a downgrade from a "hold" to a "sell" by Wall Street Zen, highlighting potential concerns about the company's performance.

Moors & Cabot Inc. lowered its holdings in Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG - Free Report) by 73.3% in the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 15,100 shares of the company's stock after selling 41,500 shares during the quarter. Moors & Cabot Inc.'s holdings in Mitsubishi UFJ Financial Group were worth $206,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of MUFG. Nisa Investment Advisors LLC bought a new stake in shares of Mitsubishi UFJ Financial Group in the 1st quarter worth $41,000. Financial Management Professionals Inc. lifted its position in shares of Mitsubishi UFJ Financial Group by 116.7% in the first quarter. Financial Management Professionals Inc. now owns 3,257 shares of the company's stock valued at $44,000 after acquiring an additional 1,754 shares in the last quarter. Olde Wealth Management LLC purchased a new position in shares of Mitsubishi UFJ Financial Group in the first quarter valued at about $87,000. Cary Street Partners Financial LLC purchased a new stake in shares of Mitsubishi UFJ Financial Group in the fourth quarter worth about $98,000. Finally, Paradigm Asset Management Co. LLC purchased a new stake in shares of Mitsubishi UFJ Financial Group in the first quarter worth about $122,000. Hedge funds and other institutional investors own 13.59% of the company's stock.

Mitsubishi UFJ Financial Group Trading Up 1.2%

NYSE:MUFG traded up $0.17 during midday trading on Friday, hitting $14.55. The stock had a trading volume of 2,501,223 shares, compared to its average volume of 3,747,974. The company has a quick ratio of 1.01, a current ratio of 0.89 and a debt-to-equity ratio of 1.86. The company has a market capitalization of $175.59 billion, a price-to-earnings ratio of 13.47, a PEG ratio of 1.41 and a beta of 0.42. The stock has a 50-day moving average of $13.79 and a 200 day moving average of $13.15. Mitsubishi UFJ Financial Group, Inc. has a one year low of $9.54 and a one year high of $15.03.

Mitsubishi UFJ Financial Group (NYSE:MUFG - Get Free Report) last issued its earnings results on Monday, August 4th. The company reported $0.32 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.29 by $0.03. The company had revenue of $22.10 billion during the quarter, compared to analyst estimates of $9.86 billion. Mitsubishi UFJ Financial Group had a return on equity of 9.35% and a net margin of 13.95%. As a group, sell-side analysts forecast that Mitsubishi UFJ Financial Group, Inc. will post 0.99 EPS for the current year.

Wall Street Analysts Forecast Growth

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

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.