Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG) Shares Sold by Bank of America Corp DE

Bank of America Corp DE reduced its position in Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG - Free Report) by 3.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,700,795 shares of the company's stock after selling 721,360 shares during the quarter. Bank of America Corp DE owned approximately 0.16% of Mitsubishi UFJ Financial Group worth $230,893,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. Northern Trust Corp increased its holdings in shares of Mitsubishi UFJ Financial Group by 46.6% in the fourth quarter. Northern Trust Corp now owns 10,522,079 shares of the company's stock valued at $123,319,000 after purchasing an additional 3,342,330 shares during the period. Clearbridge Investments LLC boosted its stake in shares of Mitsubishi UFJ Financial Group by 325.9% in the fourth quarter. Clearbridge Investments LLC now owns 3,822,530 shares of the company's stock valued at $44,800,000 after buying an additional 2,924,979 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Mitsubishi UFJ Financial Group in the fourth quarter valued at approximately $29,252,000. Artemis Investment Management LLP purchased a new stake in Mitsubishi UFJ Financial Group during the fourth quarter worth $10,880,000. Finally, Guardian Partners Inc. acquired a new stake in Mitsubishi UFJ Financial Group in the fourth quarter valued at $7,069,000. 13.59% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, StockNews.com lowered Mitsubishi UFJ Financial Group from a "hold" rating to a "sell" rating in a report on Thursday, May 1st.

Mitsubishi UFJ Financial Group Price Performance

Shares of MUFG traded up $0.07 during trading hours on Tuesday, reaching $13.01. 6,309,332 shares of the company traded hands, compared to its average volume of 3,864,942. The company has a quick ratio of 0.92, a current ratio of 0.90 and a debt-to-equity ratio of 2.06. The stock has a market capitalization of $157.00 billion, a PE ratio of 11.94, a price-to-earnings-growth ratio of 1.16 and a beta of 0.39. Mitsubishi UFJ Financial Group, Inc. has a fifty-two week low of $8.75 and a fifty-two week high of $15.03. The stock has a fifty day simple moving average of $12.68 and a 200 day simple moving average of $12.25.

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.