Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG) Shares Sold by Yousif Capital Management LLC

Yousif Capital Management LLC trimmed its position in Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG) by 27.5% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 136,367 shares of the company’s stock after selling 51,665 shares during the period. Yousif Capital Management LLC’s holdings in Mitsubishi UFJ Financial Group were worth $1,859,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Portside Wealth Group LLC lifted its holdings in shares of Mitsubishi UFJ Financial Group by 16.1% in the first quarter. Portside Wealth Group LLC now owns 48,798 shares of the company’s stock valued at $665,000 after buying an additional 6,759 shares during the period. Wedmont Private Capital lifted its holdings in Mitsubishi UFJ Financial Group by 3.9% in the 1st quarter. Wedmont Private Capital now owns 29,658 shares of the company’s stock valued at $404,000 after acquiring an additional 1,126 shares during the last quarter. Sivia Capital Partners LLC bought a new position in shares of Mitsubishi UFJ Financial Group during the 1st quarter valued at about $284,000. Procyon Advisors LLC boosted its position in shares of Mitsubishi UFJ Financial Group by 4.9% during the 1st quarter. Procyon Advisors LLC now owns 41,374 shares of the company’s stock valued at $564,000 after purchasing an additional 1,915 shares in the last quarter. Finally, Foster Group Inc. grew its stake in shares of Mitsubishi UFJ Financial Group by 67.7% in the 1st quarter. Foster Group Inc. now owns 17,872 shares of the company’s stock worth $244,000 after purchasing an additional 7,215 shares during the last quarter. 13.59% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen raised shares of Mitsubishi UFJ Financial Group from a “sell” rating to a “hold” rating in a research note on Saturday.

Mitsubishi UFJ Financial Group Stock Performance

MUFG opened at $13.60 on Monday. 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 firm has a market cap of $164.17 billion, a PE ratio of 12.48, a P/E/G ratio of 1.16 and a beta of 0.42. The business has a fifty day simple moving average of $12.85 and a 200-day simple moving average of $12.64. 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) last released its quarterly earnings results on Thursday, May 15th. The company reported $0.13 earnings per share for the quarter, beating analysts’ consensus estimates of $0.03 by $0.10. The business had revenue of $22.91 billion during the quarter, compared to analyst estimates of $6.47 billion. Mitsubishi UFJ Financial Group had a return on equity of 9.27% and a net margin of 14.19%. As a group, equities analysts predict that Mitsubishi UFJ Financial Group, Inc. will post 0.99 EPS 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.