West Family Investments Inc. Sells 33,090 Shares of Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG)

West Family Investments Inc. reduced its position in shares of Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG - Free Report) by 64.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 18,649 shares of the company's stock after selling 33,090 shares during the period. West Family Investments Inc.'s holdings in Mitsubishi UFJ Financial Group were worth $254,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the company. Nisa Investment Advisors LLC bought a new position in Mitsubishi UFJ Financial Group during the 1st quarter worth $41,000. Financial Management Professionals Inc. increased its stake 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 valued at $44,000 after purchasing an additional 1,754 shares during the last quarter. Steward Partners Investment Advisory LLC increased its stake 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 valued at $59,000 after purchasing an additional 1,279 shares during the last quarter. Olde Wealth Management LLC bought a new position in shares of Mitsubishi UFJ Financial Group in the 1st quarter valued at $87,000. Finally, Cary Street Partners Financial LLC bought a new position in shares of Mitsubishi UFJ Financial Group in the 4th quarter valued at $98,000. 13.59% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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 Trading Down 1.0%

Shares of NYSE:MUFG traded down $0.13 during midday trading on Friday, reaching $13.29. The company's stock had a trading volume of 2,975,124 shares, compared to its average volume of 4,395,054. The firm has a market capitalization of $160.38 billion, a price-to-earnings ratio of 12.66, a PEG ratio of 0.89 and a beta of 0.39. 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 firm has a 50 day moving average price of $13.63 and a two-hundred day moving average price of $12.93. Mitsubishi UFJ Financial Group, Inc. has a fifty-two week low of $8.75 and a fifty-two week high of $15.03.

Mitsubishi UFJ Financial Group (NYSE:MUFG - Get Free Report) last announced its quarterly earnings data on Thursday, May 15th. The company reported $0.13 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 company had revenue of $22.91 billion for the quarter, compared to the consensus estimate of $6.47 billion. As a group, analysts forecast that Mitsubishi UFJ Financial Group, Inc. will post 0.99 earnings per share 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.