Synovus Financial Corp Has $850,000 Stake in Mitsubishi UFJ Financial Group, Inc. $MUFG

Key Points

• Synovus Financial Corp significantly reduced its stake in Mitsubishi UFJ Financial Group by 79.1%, holding $850,000 worth of shares after selling 236,473 shares during the first quarter.
• Multiple investors are increasing their holdings in Mitsubishi UFJ, with 1832 Asset Management lifting its stake by an extraordinary 3,965.4%, now owning 713,069 shares valued at $9.7 million.
• Analyst ratings for Mitsubishi UFJ have improved, with a recent upgrade from a "sell" to a "hold" by Wall Street Zen on August 9th.

Synovus Financial Corp lowered its position in Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG - Free Report) by 79.1% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 62,369 shares of the company's stock after selling 236,473 shares during the quarter. Synovus Financial Corp's holdings in Mitsubishi UFJ Financial Group were worth $850,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the company. Walleye Capital LLC acquired a new stake in Mitsubishi UFJ Financial Group in the first quarter valued at $442,000. Smartleaf Asset Management LLC lifted its stake in Mitsubishi UFJ Financial Group by 17.5% in the first quarter. Smartleaf Asset Management LLC now owns 67,199 shares of the company's stock valued at $939,000 after acquiring an additional 9,995 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its stake in Mitsubishi UFJ Financial Group by 73.3% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 44,796 shares of the company's stock valued at $611,000 after acquiring an additional 18,947 shares during the last quarter. 1832 Asset Management L.P. lifted its stake in Mitsubishi UFJ Financial Group by 3,965.4% in the first quarter. 1832 Asset Management L.P. now owns 713,069 shares of the company's stock valued at $9,719,000 after acquiring an additional 695,529 shares during the last quarter. Finally, Compound Planning Inc. lifted its stake in Mitsubishi UFJ Financial Group by 18.6% in the first quarter. Compound Planning Inc. now owns 120,974 shares of the company's stock valued at $1,649,000 after acquiring an additional 18,962 shares during 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 research note on Saturday, August 9th.

Mitsubishi UFJ Financial Group Price Performance

Shares of MUFG opened at $15.30 on Thursday. The firm has a market capitalization of $184.58 billion, a PE ratio of 14.16, a PEG ratio of 1.42 and a beta of 0.42. The company's 50-day moving average is $14.21 and its 200-day moving average is $13.40. Mitsubishi UFJ Financial Group, Inc. has a fifty-two week low of $9.85 and a fifty-two week high of $16.16. The company has a debt-to-equity ratio of 1.86, a current ratio of 0.89 and a quick ratio of 0.89.

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

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.

Want to see what other hedge funds are holding MUFG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.