Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG) Shares Sold by Raymond James Financial Services Advisors Inc.

Raymond James Financial Services Advisors Inc. decreased its position in Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG) by 22.4% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 14,870 shares of the company’s stock after selling 4,301 shares during the quarter. Raymond James Financial Services Advisors Inc.’s holdings in Mitsubishi UFJ Financial Group were worth $110,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in MUFG. Federated Hermes Inc. boosted its position in Mitsubishi UFJ Financial Group by 100.4% during the 1st quarter. Federated Hermes Inc. now owns 5,405 shares of the company’s stock valued at $35,000 after purchasing an additional 2,708 shares during the period. Eagle Bay Advisors LLC acquired a new position in Mitsubishi UFJ Financial Group during the 2nd quarter valued at approximately $36,000. IHT Wealth Management LLC acquired a new position in Mitsubishi UFJ Financial Group during the 3rd quarter valued at approximately $49,000. Global Retirement Partners LLC boosted its position in Mitsubishi UFJ Financial Group by 376.8% during the 1st quarter. Global Retirement Partners LLC now owns 8,502 shares of the company’s stock valued at $52,000 after purchasing an additional 6,719 shares during the period. Finally, BNP Paribas Arbitrage SNC acquired a new position in Mitsubishi UFJ Financial Group during the 3rd quarter valued at approximately $52,000. Institutional investors and hedge funds own 1.76% of the company’s stock.

Mitsubishi UFJ Financial Group Stock Down 0.9 %

Shares of Mitsubishi UFJ Financial Group stock opened at $8.38 on Wednesday. The business’s fifty day moving average price is $8.43 and its two-hundred day moving average price is $7.60. The company has a debt-to-equity ratio of 2.71, a current ratio of 0.91 and a quick ratio of 0.91. The company has a market capitalization of $100.76 billion, a P/E ratio of 8.82, a PEG ratio of 0.80 and a beta of 0.67. Mitsubishi UFJ Financial Group, Inc. has a 1-year low of $4.79 and a 1-year high of $9.04.

Wall Street Analysts Forecast Growth

Separately, StockNews.com began coverage on Mitsubishi UFJ Financial Group in a research note on Thursday, October 5th. They set a “hold” rating on the stock.

Mitsubishi UFJ Financial Group Company Profile

Mitsubishi UFJ Financial Group, Inc operates as the bank holding company for MUFG Bank, Ltd. that provides various financial services in Japan, the United States, Europe, Asia/Oceania, and internationally. It operates through Digital Service Business Group; Retail & Commercial Banking Business Group; Japanese Corporate & Investment Banking Business Group; Asset Management & Investor Services Business Group; Global Corporate & Investment Banking Business Group; Global Commercial Banking Business Group; and Global Markets Business Group segments.