M&T Bank Corp Sells 52,273 Shares of Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG)

M&T Bank Corp cut its position in shares of Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG - Free Report) by 9.9% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 478,230 shares of the company's stock after selling 52,273 shares during the quarter. M&T Bank Corp's holdings in Mitsubishi UFJ Financial Group were worth $6,518,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. 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 worth $44,000 after purchasing an additional 1,754 shares in the last quarter. Steward Partners Investment Advisory LLC lifted its position in shares of Mitsubishi UFJ Financial Group by 33.9% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 5,056 shares of the company's stock worth $59,000 after purchasing an additional 1,279 shares in the last quarter. Olde Wealth Management LLC bought a new position in Mitsubishi UFJ Financial Group during the first quarter valued at approximately $87,000. Cary Street Partners Financial LLC bought a new position in Mitsubishi UFJ Financial Group during the fourth quarter valued at approximately $98,000. Finally, May Hill Capital LLC acquired a new stake in Mitsubishi UFJ Financial Group in the fourth quarter valued at approximately $121,000. 13.59% of the stock is owned by hedge funds and other institutional investors.

Mitsubishi UFJ Financial Group Trading Up 0.6%

NYSE MUFG traded up $0.08 during trading on Friday, reaching $13.67. The company's stock had a trading volume of 2,322,574 shares, compared to its average volume of 4,370,366. The stock has a market capitalization of $164.97 billion, a PE ratio of 13.02, a PEG ratio of 0.93 and a beta of 0.39. The business has a 50-day moving average price of $13.52 and a 200-day moving average price of $12.88. Mitsubishi UFJ Financial Group, Inc. has a 1-year low of $8.75 and a 1-year high of $15.03.

Mitsubishi UFJ Financial Group (NYSE:MUFG - Get Free Report) last posted its earnings results on Thursday, May 15th. The company reported $0.13 earnings per share (EPS) for the quarter, beating 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%. As a group, analysts expect 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 upgraded shares of Mitsubishi UFJ Financial Group from a "sell" rating to a "hold" rating in a research note on Saturday, June 14th.

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.