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. decreased its position in Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG - Free Report) by 13.3% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 1,055,372 shares of the company's stock after selling 161,729 shares during the period. Thornburg Investment Management Inc.'s holdings in Mitsubishi UFJ Financial Group were worth $14,385,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Norden Group LLC lifted its position in Mitsubishi UFJ Financial Group by 8.2% in the 1st quarter. Norden Group LLC now owns 39,152 shares of the company's stock worth $534,000 after buying an additional 2,982 shares in the last quarter. LPL Financial LLC lifted its position in Mitsubishi UFJ Financial Group by 37.4% in the 1st quarter. LPL Financial LLC now owns 458,231 shares of the company's stock worth $6,246,000 after buying an additional 124,828 shares in the last quarter. TD Asset Management Inc lifted its position in Mitsubishi UFJ Financial Group by 2.2% in the 1st quarter. TD Asset Management Inc now owns 246,147 shares of the company's stock worth $3,355,000 after buying an additional 5,302 shares in the last quarter. HB Wealth Management LLC lifted its position in Mitsubishi UFJ Financial Group by 12.3% in the 1st quarter. HB Wealth Management LLC now owns 78,836 shares of the company's stock worth $1,075,000 after buying an additional 8,663 shares in the last quarter. Finally, Cetera Investment Advisers lifted its position in Mitsubishi UFJ Financial Group by 10.9% in the 1st quarter. Cetera Investment Advisers now owns 141,984 shares of the company's stock worth $1,935,000 after buying an additional 13,904 shares in the last quarter. Institutional investors and hedge funds own 13.59% of the company's stock.

Wall Street Analysts Forecast Growth

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

Mitsubishi UFJ Financial Group Stock Up 0.2%

MUFG stock traded up $0.03 during midday trading on Friday, reaching $13.93. The company had a trading volume of 4,872,798 shares, compared to its average volume of 3,674,169. 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. The company has a market capitalization of $168.10 billion, a P/E ratio of 13.27, a PEG ratio of 0.92 and a beta of 0.42. The company has a 50 day moving average of $13.76 and a two-hundred day moving average of $13.09.

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

Mitsubishi UFJ Financial Group 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.