Mitsubishi UFJ Financial Group, Inc. $MUFG Stock Position Reduced by Rhumbline Advisers

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

Several other hedge funds have also recently added to or reduced their stakes in MUFG. Ameriprise Financial Inc. raised its stake in Mitsubishi UFJ Financial Group by 9.5% during the 4th quarter. Ameriprise Financial Inc. now owns 262,837 shares of the company’s stock valued at $3,081,000 after acquiring an additional 22,804 shares in the last quarter. Cetera Investment Advisers grew its holdings in shares of Mitsubishi UFJ Financial Group by 3.0% in the 4th quarter. Cetera Investment Advisers now owns 128,080 shares of the company’s stock worth $1,501,000 after acquiring an additional 3,790 shares during the last quarter. Focus Partners Wealth purchased a new position in shares of Mitsubishi UFJ Financial Group during the fourth quarter valued at $163,000. Millennium Management LLC grew its holdings in shares of Mitsubishi UFJ Financial Group by 50.7% during the fourth quarter. Millennium Management LLC now owns 721,805 shares of the company’s stock valued at $8,460,000 after buying an additional 242,932 shares in the last quarter. Finally, Royal Bank of Canada grew its holdings 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 buying an additional 1,731,873 shares in the last quarter. Institutional investors own 13.59% of the company’s stock.

Mitsubishi UFJ Financial Group Stock Down 0.9%

NYSE:MUFG opened at $15.53 on Wednesday. The stock’s fifty day simple moving average is $14.71 and its 200-day simple moving average is $13.67. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 1.86. The firm has a market capitalization of $187.41 billion, a P/E ratio of 14.38, a P/E/G ratio of 1.14 and a beta of 0.39. Mitsubishi UFJ Financial Group, Inc. has a 12-month low of $9.85 and a 12-month high of $16.16.

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

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on MUFG shares. Wall Street Zen raised Mitsubishi UFJ Financial Group from a “sell” rating to a “hold” rating in a research report on Saturday, August 9th. Zacks Research raised Mitsubishi UFJ Financial Group from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, August 26th. One research analyst has rated the stock with a Strong Buy rating, According to MarketBeat.com, the company has an average rating of “Strong Buy”.

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.