Thornburg Investment Management Inc. Sells 161,729 Shares of Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG)

Key Points

• Thornburg Investment Management Inc. sold 161,729 shares of Mitsubishi UFJ Financial Group, reducing its stake by 13.3%, and now holds 1,055,372 shares valued at approximately $14.4 million.
• Mitsubishi UFJ Financial Group's shares decreased by 3.7%, and its current stock market outlook reflects a PE ratio of 13.45 and a market capitalization of $170.4 billion.
• Analysts downgraded Mitsubishi UFJ Financial Group from a "hold" to a "sell" rating, highlighting a need for caution among investors.

Thornburg Investment Management Inc. cut its position in shares of Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG - Free Report) by 13.3% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,055,372 shares of the company's stock after selling 161,729 shares during the quarter. Thornburg Investment Management Inc.'s holdings in Mitsubishi UFJ Financial Group were worth $14,385,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in MUFG. Commonwealth Equity Services LLC boosted its position in shares of Mitsubishi UFJ Financial Group by 6.7% during the fourth quarter. Commonwealth Equity Services LLC now owns 115,363 shares of the company's stock valued at $1,352,000 after purchasing an additional 7,279 shares in the last quarter. American Century Companies Inc. raised its stake in Mitsubishi UFJ Financial Group by 5.7% during the fourth quarter. American Century Companies Inc. now owns 1,868,197 shares of the company's stock valued at $21,895,000 after buying an additional 100,677 shares during the last quarter. LPL Financial LLC raised its stake in Mitsubishi UFJ Financial Group by 52.9% during the fourth quarter. LPL Financial LLC now owns 333,403 shares of the company's stock valued at $3,907,000 after buying an additional 115,315 shares during the last quarter. JPMorgan Chase & Co. raised its stake in Mitsubishi UFJ Financial Group by 50.8% during the fourth quarter. JPMorgan Chase & Co. now owns 389,603 shares of the company's stock valued at $4,566,000 after buying an additional 131,305 shares during the last quarter. Finally, Orion Portfolio Solutions LLC raised its stake in Mitsubishi UFJ Financial Group by 54.4% during the fourth quarter. Orion Portfolio Solutions LLC now owns 389,690 shares of the company's stock valued at $4,567,000 after buying an additional 137,224 shares during the last quarter. 13.59% of the stock is currently owned by institutional investors.

Mitsubishi UFJ Financial Group Stock Up 0.2%

Shares of MUFG stock traded up $0.03 during mid-day trading on Friday, hitting $13.93. The company's stock had a trading volume of 4,872,798 shares, compared to its average volume of 6,168,137. Mitsubishi UFJ Financial Group, Inc. has a 52-week low of $8.75 and a 52-week high of $15.03. The business has a 50-day moving average price of $13.75 and a 200 day moving average price of $13.07. The company has a debt-to-equity ratio of 2.57, a quick ratio of 1.01 and a current ratio of 1.01. The stock has a market cap of $168.10 billion, a price-to-earnings ratio of 13.27, a PEG ratio of 0.92 and a beta of 0.39.

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. Research analysts predict that Mitsubishi UFJ Financial Group, Inc. will post 0.99 EPS for the current fiscal year.

Analysts Set New Price Targets

Separately, Wall Street Zen cut Mitsubishi UFJ Financial Group from a "hold" rating to a "sell" rating in a research note on Saturday, July 26th.

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.