Cerity Partners LLC Sells 34,017 Shares of Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG)

Cerity Partners LLC lowered its stake in shares of Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG - Free Report) by 4.2% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 783,997 shares of the company's stock after selling 34,017 shares during the quarter. Cerity Partners LLC's holdings in Mitsubishi UFJ Financial Group were worth $8,363,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Whipplewood Advisors LLC bought a new position in Mitsubishi UFJ Financial Group in the 4th quarter worth $29,000. Wilmington Savings Fund Society FSB bought a new position in shares of Mitsubishi UFJ Financial Group in the third quarter worth about $55,000. Steward Partners Investment Advisory LLC lifted its position in shares of Mitsubishi UFJ Financial Group by 33.9% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 5,056 shares of the company's stock worth $59,000 after purchasing an additional 1,279 shares during the last quarter. Sierra Ocean LLC bought a new stake in Mitsubishi UFJ Financial Group during the 4th quarter valued at approximately $62,000. Finally, Versant Capital Management Inc acquired a new stake in Mitsubishi UFJ Financial Group in the 4th quarter valued at approximately $71,000. Institutional investors and hedge funds own 13.59% of the company's stock.

Mitsubishi UFJ Financial Group Stock Performance

Shares of NYSE:MUFG traded up $0.41 on Thursday, hitting $11.98. 2,435,128 shares of the company were exchanged, compared to its average volume of 3,606,391. The company's 50 day moving average price is $12.85 and its two-hundred day moving average price is $11.99. The company has a debt-to-equity ratio of 2.06, a quick ratio of 0.92 and a current ratio of 0.90. The firm has a market capitalization of $144.51 billion, a price-to-earnings ratio of 10.97, a PEG ratio of 1.16 and a beta of 0.39. Mitsubishi UFJ Financial Group, Inc. has a one year low of $8.75 and a one year high of $15.03.

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

Analysts Set New Price Targets

Separately, StockNews.com raised Mitsubishi UFJ Financial Group from a "sell" rating to a "hold" rating in a research report on Wednesday, April 9th.

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.