Schechter Investment Advisors LLC Sells 24,779 Shares of Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG)

Schechter Investment Advisors LLC trimmed its position in Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG - Free Report) by 23.6% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 80,105 shares of the company's stock after selling 24,779 shares during the quarter. Schechter Investment Advisors LLC's holdings in Mitsubishi UFJ Financial Group were worth $1,092,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. Steward Partners Investment Advisory LLC raised its stake in Mitsubishi UFJ Financial Group by 33.9% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 5,056 shares of the company's stock valued at $59,000 after purchasing an additional 1,279 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of Mitsubishi UFJ Financial Group by 19.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 836,827 shares of the company's stock worth $9,808,000 after purchasing an additional 137,182 shares during the period. HighTower Advisors LLC raised its position in shares of Mitsubishi UFJ Financial Group by 1.2% during the fourth quarter. HighTower Advisors LLC now owns 445,574 shares of the company's stock valued at $5,222,000 after buying an additional 5,257 shares during the last quarter. Farther Finance Advisors LLC lifted its stake in shares of Mitsubishi UFJ Financial Group by 25.3% in the fourth quarter. Farther Finance Advisors LLC now owns 17,263 shares of the company's stock valued at $202,000 after buying an additional 3,482 shares during the period. Finally, Avantax Advisory Services Inc. grew its position in Mitsubishi UFJ Financial Group by 8.5% during the fourth quarter. Avantax Advisory Services Inc. now owns 228,642 shares of the company's stock worth $2,680,000 after buying an additional 17,817 shares in the last quarter. 13.59% of the stock is owned by institutional investors.

Mitsubishi UFJ Financial Group Stock Performance

Shares of NYSE MUFG traded down $0.06 during trading hours on Monday, reaching $13.64. The stock had a trading volume of 3,064,445 shares, compared to its average volume of 6,388,625. The company has a market cap of $164.54 billion, a price-to-earnings ratio of 12.99, a PEG ratio of 0.90 and a beta of 0.39. Mitsubishi UFJ Financial Group, Inc. has a twelve month low of $8.75 and a twelve month high of $15.03. The business's fifty day moving average is $13.52 and its two-hundred day moving average is $12.89. The company has a debt-to-equity ratio of 2.57, a current ratio of 1.01 and a quick ratio of 1.01.

Mitsubishi UFJ Financial Group (NYSE:MUFG - Get Free Report) last announced its quarterly earnings results on Thursday, May 15th. The company reported $0.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.03 by $0.10. The firm had revenue of $22.91 billion for the quarter, compared to analyst estimates of $6.47 billion. Mitsubishi UFJ Financial Group had a net margin of 13.70% and a return on equity of 9.45%. As a group, research analysts expect that Mitsubishi UFJ Financial Group, Inc. will post 0.99 EPS for the current year.

Analysts Set New Price Targets

Separately, Wall Street Zen raised Mitsubishi UFJ Financial Group from a "sell" rating to a "hold" rating in a report 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.