Rhumbline Advisers Cuts Holdings in Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG)

Rhumbline Advisers trimmed its position in shares of Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG) by 15.2% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 198,340 shares of the company’s stock after selling 35,585 shares during the quarter. Rhumbline Advisers’ holdings in Mitsubishi UFJ Financial Group were worth $2,703,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Whipplewood Advisors LLC bought a new position in shares of Mitsubishi UFJ Financial Group during the 4th quarter valued at $29,000. Steward Partners Investment Advisory LLC lifted its holdings 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 valued at $59,000 after buying an additional 1,279 shares during the period. Sierra Ocean LLC bought a new position in shares of Mitsubishi UFJ Financial Group during the 4th quarter valued at $62,000. Addison Advisors LLC lifted its holdings in shares of Mitsubishi UFJ Financial Group by 26.0% during the 4th quarter. Addison Advisors LLC now owns 6,129 shares of the company’s stock valued at $72,000 after buying an additional 1,263 shares during the period. Finally, Cary Street Partners Financial LLC bought a new position in shares of Mitsubishi UFJ Financial Group during the 4th quarter valued at $98,000. 13.59% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

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

Mitsubishi UFJ Financial Group Price Performance

Shares of Mitsubishi UFJ Financial Group stock opened at $13.60 on Monday. Mitsubishi UFJ Financial Group, Inc. has a one year low of $8.75 and a one year high of $15.03. The stock’s fifty day moving average is $12.85 and its 200 day moving average is $12.64. The stock has a market cap of $164.17 billion, a P/E ratio of 12.48, a P/E/G ratio of 1.16 and a beta of 0.42. The company has a debt-to-equity ratio of 2.06, a quick ratio of 0.92 and a current ratio of 0.90.

Mitsubishi UFJ Financial Group (NYSE:MUFG) last announced its earnings results on Thursday, May 15th. The company reported $0.13 EPS for the quarter, topping analysts’ consensus estimates of $0.03 by $0.10. Mitsubishi UFJ Financial Group had a return on equity of 9.27% and a net margin of 14.19%. The company had revenue of $22.91 billion for the quarter, compared to analysts’ expectations of $6.47 billion. Sell-side analysts anticipate that Mitsubishi UFJ Financial Group, Inc. will post 0.99 earnings per share for the current year.

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.