Schechter Investment Advisors LLC Trims Position in Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG)

Schechter Investment Advisors LLC decreased its stake in shares of Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG - Free Report) by 23.6% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 80,105 shares of the company's stock after selling 24,779 shares during the period. Schechter Investment Advisors LLC's holdings in Mitsubishi UFJ Financial Group were worth $1,092,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Nisa Investment Advisors LLC bought a new position in shares of Mitsubishi UFJ Financial Group during the 1st quarter valued at about $41,000. Financial Management Professionals Inc. grew its position in shares of Mitsubishi UFJ Financial Group by 116.7% in the 1st quarter. Financial Management Professionals Inc. now owns 3,257 shares of the company's stock worth $44,000 after buying an additional 1,754 shares during the last quarter. Steward Partners Investment Advisory LLC grew its position in shares of Mitsubishi UFJ Financial Group by 33.9% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 5,056 shares of the company's stock worth $59,000 after buying an additional 1,279 shares during the last quarter. Olde Wealth Management LLC bought a new stake in shares of Mitsubishi UFJ Financial Group in the 1st quarter worth approximately $87,000. Finally, Cary Street Partners Financial LLC bought a new stake in shares of Mitsubishi UFJ Financial Group during the fourth quarter valued at approximately $98,000. Hedge funds and other institutional investors own 13.59% of the company's stock.

Mitsubishi UFJ Financial Group Stock Up 0.5%

NYSE:MUFG traded up $0.07 during trading hours on Thursday, reaching $13.42. 2,825,896 shares of the company traded hands, compared to its average volume of 4,393,266. The business's 50-day moving average price is $13.61 and its two-hundred day moving average price is $12.92. The stock has a market capitalization of $161.91 billion, a P/E ratio of 12.78, a P/E/G ratio of 0.88 and a beta of 0.39. Mitsubishi UFJ Financial Group, Inc. has a 1 year low of $8.75 and a 1 year high of $15.03. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 2.57.

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

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 report on Saturday, June 14th.

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.