Integrated Wealth Concepts LLC Lowers Stock Position in Mitsubishi UFJ Financial Group, Inc. $MUFG

Integrated Wealth Concepts LLC cut its holdings in shares of Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG) by 1.7% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 48,839 shares of the company’s stock after selling 867 shares during the period. Integrated Wealth Concepts LLC’s holdings in Mitsubishi UFJ Financial Group were worth $666,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of MUFG. Royal Bank of Canada grew its position in Mitsubishi UFJ Financial Group by 40.4% during the 4th quarter. Royal Bank of Canada now owns 6,021,271 shares of the company’s stock worth $70,570,000 after purchasing an additional 1,731,873 shares during the last quarter. Artemis Investment Management LLP grew its holdings 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 worth $34,867,000 after buying an additional 1,629,765 shares during the last quarter. National Bank of Canada FI purchased a new position in shares of Mitsubishi UFJ Financial Group during the first quarter worth about $12,534,000. Natixis Advisors LLC grew its holdings 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 worth $146,612,000 after buying an additional 905,674 shares during the last quarter. Finally, Northern Trust Corp grew its holdings in shares of Mitsubishi UFJ Financial Group by 8.4% during the first quarter. Northern Trust Corp now owns 11,407,268 shares of the company’s stock worth $155,481,000 after buying an additional 885,189 shares during the last quarter. 13.59% of the stock is owned by hedge funds and other institutional investors.

Mitsubishi UFJ Financial Group Stock Performance

NYSE MUFG opened at $15.57 on Friday. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 1.86. The company has a market capitalization of $187.89 billion, a PE ratio of 14.42, a price-to-earnings-growth ratio of 1.14 and a beta of 0.39. Mitsubishi UFJ Financial Group, Inc. has a twelve month low of $9.85 and a twelve month high of $16.16. The business’s 50-day moving average price is $14.62 and its 200 day moving average price is $13.63.

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

Analysts Set New Price Targets

Several research analysts have weighed in on the company. Zacks Research upgraded Mitsubishi UFJ Financial Group from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, August 26th. Wall Street Zen upgraded shares of Mitsubishi UFJ Financial Group from a “sell” rating to a “hold” rating in a research report on Saturday, August 9th. One investment analyst has rated the stock with a Strong Buy rating, According to data from MarketBeat, the stock has an average rating of “Strong Buy”.

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.