Moran Wealth Management LLC Sells 22,108 Shares of Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG)

Moran Wealth Management LLC decreased its holdings in Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG - Free Report) by 6.1% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 340,440 shares of the company's stock after selling 22,108 shares during the quarter. Moran Wealth Management LLC's holdings in Mitsubishi UFJ Financial Group were worth $4,640,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. Chevy Chase Trust Holdings LLC grew its position in Mitsubishi UFJ Financial Group by 4.2% during the 1st quarter. Chevy Chase Trust Holdings LLC now owns 6,197,764 shares of the company's stock worth $84,476,000 after purchasing an additional 247,508 shares in the last quarter. Oppenheimer Asset Management Inc. grew its holdings in shares of Mitsubishi UFJ Financial Group by 15.4% during the 1st quarter. Oppenheimer Asset Management Inc. now owns 144,537 shares of the company's stock valued at $1,970,000 after acquiring an additional 19,255 shares in the last quarter. Blue Trust Inc. grew its holdings in shares of Mitsubishi UFJ Financial Group by 9.0% during the 1st quarter. Blue Trust Inc. now owns 66,866 shares of the company's stock valued at $911,000 after acquiring an additional 5,542 shares in the last quarter. Silver Oak Securities Incorporated grew its holdings in shares of Mitsubishi UFJ Financial Group by 4.9% during the 1st quarter. Silver Oak Securities Incorporated now owns 39,152 shares of the company's stock valued at $547,000 after acquiring an additional 1,813 shares in the last quarter. Finally, QRG Capital Management Inc. grew its holdings in shares of Mitsubishi UFJ Financial Group by 4.8% during the 1st quarter. QRG Capital Management Inc. now owns 804,925 shares of the company's stock valued at $10,971,000 after acquiring an additional 36,730 shares in the last quarter. Institutional investors and hedge funds own 13.59% of the company's stock.

Analyst Ratings Changes

Separately, Wall Street Zen upgraded 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 Price Performance

Shares of MUFG stock traded up $0.07 on Friday, hitting $13.89. The company's stock had a trading volume of 2,794,371 shares, compared to its average volume of 4,278,358. The stock has a market capitalization of $167.56 billion, a price-to-earnings ratio of 13.22, a P/E/G ratio of 0.92 and a beta of 0.42. 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's fifty day moving average price is $13.20 and its 200-day moving average price is $12.73.

Mitsubishi UFJ Financial Group (NYSE:MUFG - Get Free Report) last issued its quarterly earnings data on Thursday, May 15th. The company reported $0.13 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.03 by $0.10. The firm had revenue of $22.91 billion during 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%. Analysts predict that Mitsubishi UFJ Financial Group, Inc. will post 0.99 EPS 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.