Invesco Ltd. Sells 231,265 Shares of Mitsubishi UFJ Financial Group, Inc. $MUFG

Invesco Ltd. decreased its holdings in shares of Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG) by 19.1% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 977,144 shares of the company’s stock after selling 231,265 shares during the period. Invesco Ltd.’s holdings in Mitsubishi UFJ Financial Group were worth $13,318,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in MUFG. Northern Trust Corp increased its stake in shares of Mitsubishi UFJ Financial Group by 46.6% during the fourth quarter. Northern Trust Corp now owns 10,522,079 shares of the company’s stock valued at $123,319,000 after purchasing an additional 3,342,330 shares in the last quarter. Royal Bank of Canada increased its stake in shares of Mitsubishi UFJ Financial Group by 40.4% during the fourth quarter. Royal Bank of Canada now owns 6,021,271 shares of the company’s stock valued at $70,570,000 after purchasing an additional 1,731,873 shares in the last quarter. Artemis Investment Management LLP increased its stake in shares of Mitsubishi UFJ Financial Group by 175.6% during the first quarter. Artemis Investment Management LLP now owns 2,558,102 shares of the company’s stock valued at $34,867,000 after purchasing an additional 1,629,765 shares in the last quarter. National Bank of Canada FI bought a new position in shares of Mitsubishi UFJ Financial Group during the first quarter valued at approximately $12,534,000. Finally, Natixis Advisors LLC increased its stake in shares of Mitsubishi UFJ Financial Group by 9.2% during the first quarter. Natixis Advisors LLC now owns 10,756,565 shares of the company’s stock valued at $146,612,000 after purchasing an additional 905,674 shares in the last quarter. Institutional investors own 13.59% of the company’s stock.

Mitsubishi UFJ Financial Group Stock Up 1.8%

NYSE:MUFG opened at $15.5830 on Friday. The firm has a market cap of $188.05 billion, a P/E ratio of 14.43, a P/E/G ratio of 1.50 and a beta of 0.42. The company has a debt-to-equity ratio of 1.86, a quick ratio of 0.89 and a current ratio of 0.89. Mitsubishi UFJ Financial Group, Inc. has a fifty-two week low of $9.85 and a fifty-two week high of $16.16. The firm has a 50-day simple moving average of $14.09 and a two-hundred day simple moving average of $13.35.

Mitsubishi UFJ Financial Group (NYSE:MUFG) last posted its earnings results on Monday, August 4th. The company reported $0.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.29 by $0.03. The business had revenue of $22.10 billion for the quarter, compared to analysts’ expectations of $9.86 billion. Mitsubishi UFJ Financial Group had a net margin of 13.95% and a return on equity of 9.35%. Analysts predict that Mitsubishi UFJ Financial Group, Inc. will post 0.99 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Separately, Wall Street Zen upgraded shares of Mitsubishi UFJ Financial Group from a “sell” rating to a “hold” rating in a research note on Saturday, August 9th.

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.