Invesco Ltd. Sells 434,976 Shares of Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG)

Invesco Ltd. reduced its stake in shares of Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG - Free Report) by 26.5% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 1,208,409 shares of the company's stock after selling 434,976 shares during the period. Invesco Ltd.'s holdings in Mitsubishi UFJ Financial Group were worth $14,163,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Eagle Bay Advisors LLC raised its position in Mitsubishi UFJ Financial Group by 9.3% in the 4th quarter. Eagle Bay Advisors LLC now owns 10,094 shares of the company's stock worth $118,000 after purchasing an additional 858 shares during the period. Franklin Resources Inc. increased its holdings in shares of Mitsubishi UFJ Financial Group by 1.9% in the third quarter. Franklin Resources Inc. now owns 49,208 shares of the company's stock worth $526,000 after buying an additional 938 shares during the period. OLD National Bancorp IN lifted its stake in shares of Mitsubishi UFJ Financial Group by 5.1% in the 4th quarter. OLD National Bancorp IN now owns 19,841 shares of the company's stock valued at $233,000 after acquiring an additional 955 shares during the last quarter. EntryPoint Capital LLC lifted its stake in shares of Mitsubishi UFJ Financial Group by 6.9% in the 4th quarter. EntryPoint Capital LLC now owns 15,595 shares of the company's stock valued at $183,000 after acquiring an additional 1,002 shares during the last quarter. Finally, Private Advisor Group LLC boosted its holdings in Mitsubishi UFJ Financial Group by 1.6% during the 4th quarter. Private Advisor Group LLC now owns 66,349 shares of the company's stock valued at $778,000 after acquiring an additional 1,040 shares during the period. 13.59% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised Mitsubishi UFJ Financial Group from a "sell" rating to a "hold" rating in a research note on Friday, April 18th.

Mitsubishi UFJ Financial Group Trading Up 0.2 %

Shares of MUFG stock traded up $0.03 during mid-day trading on Friday, reaching $12.28. The stock had a trading volume of 3,700,900 shares, compared to its average volume of 3,703,849. The stock's 50-day moving average price is $12.76 and its two-hundred day moving average price is $12.07. The firm has a market capitalization of $148.19 billion, a PE ratio of 11.27, a price-to-earnings-growth ratio of 1.16 and a beta of 0.39. The company has a current ratio of 0.90, a quick ratio of 0.92 and a debt-to-equity ratio of 2.06. Mitsubishi UFJ Financial Group, Inc. has a 52-week low of $8.75 and a 52-week high of $15.03.

Mitsubishi UFJ Financial Group (NYSE:MUFG - Get Free Report) last released its quarterly earnings results on Tuesday, February 4th. The company reported $0.28 earnings per share for the quarter, beating the consensus estimate of $0.19 by $0.09. Mitsubishi UFJ Financial Group had a net margin of 14.19% and a return on equity of 9.27%. Equities analysts expect that Mitsubishi UFJ Financial Group, Inc. will post 0.99 earnings per share for the current fiscal year.

About Mitsubishi UFJ Financial Group

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.