Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG) Shares Sold by Bank of New York Mellon Corp

Bank of New York Mellon Corp trimmed its holdings in shares of Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG) by 5.4% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,032,313 shares of the company’s stock after selling 58,420 shares during the period. Bank of New York Mellon Corp’s holdings in Mitsubishi UFJ Financial Group were worth $14,070,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of MUFG. Financial Management Professionals Inc. increased its holdings in Mitsubishi UFJ Financial Group by 116.7% in the 1st quarter. Financial Management Professionals Inc. now owns 3,257 shares of the company’s stock valued at $44,000 after purchasing an additional 1,754 shares in the last quarter. Olde Wealth Management LLC bought a new position in Mitsubishi UFJ Financial Group during the first quarter worth $87,000. Cary Street Partners Financial LLC acquired a new position in Mitsubishi UFJ Financial Group in the fourth quarter worth $98,000. May Hill Capital LLC bought a new stake in Mitsubishi UFJ Financial Group during the fourth quarter valued at $121,000. Finally, AXA S.A. lifted its holdings in shares of Mitsubishi UFJ Financial Group by 34.6% in the 4th quarter. AXA S.A. now owns 12,032 shares of the company’s stock worth $141,000 after purchasing an additional 3,092 shares during the last quarter. 13.59% of the stock is currently owned by institutional investors and hedge funds.

Mitsubishi UFJ Financial Group Trading Down 1.0%

Shares of MUFG opened at $13.29 on Friday. The stock’s 50-day moving average price is $13.63 and its 200 day moving average price is $12.94. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 2.57. The firm has a market capitalization of $160.38 billion, a price-to-earnings ratio of 12.66, a P/E/G ratio of 0.88 and a beta of 0.39. Mitsubishi UFJ Financial Group, Inc. has a 12-month low of $8.75 and a 12-month high of $15.03.

Mitsubishi UFJ Financial Group (NYSE:MUFG) last announced its quarterly earnings data on Thursday, May 15th. The company reported $0.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.03 by $0.10. The company had revenue of $22.91 billion for the quarter, compared to analysts’ expectations of $6.47 billion. Mitsubishi UFJ Financial Group had a return on equity of 9.45% and a net margin of 13.70%. As a group, research analysts predict that Mitsubishi UFJ Financial Group, Inc. will post 0.99 earnings per share for the current year.

Wall Street Analyst Weigh In

Separately, Wall Street Zen upgraded shares of Mitsubishi UFJ Financial Group from a “sell” rating to a “hold” rating in a report on Saturday, June 14th.

Mitsubishi UFJ Financial Group Company 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.