Janney Montgomery Scott LLC Trims Position in Mitsubishi UFJ Financial Group, Inc. $MUFG

Janney Montgomery Scott LLC trimmed its position in Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG) by 5.1% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 113,574 shares of the company’s stock after selling 6,042 shares during the period. Janney Montgomery Scott LLC’s holdings in Mitsubishi UFJ Financial Group were worth $1,558,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Goldman Sachs Group Inc. lifted its holdings in shares of Mitsubishi UFJ Financial Group by 2.3% during the first quarter. Goldman Sachs Group Inc. now owns 12,652,332 shares of the company’s stock valued at $172,451,000 after purchasing an additional 288,583 shares in the last quarter. Northern Trust Corp grew its position 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 purchasing an additional 885,189 shares in the last quarter. Natixis Advisors LLC grew its position 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 purchasing an additional 905,674 shares in the last quarter. Chevy Chase Trust Holdings LLC grew its holdings in Mitsubishi UFJ Financial Group by 4.2% during the 1st quarter. Chevy Chase Trust Holdings LLC now owns 6,197,764 shares of the company’s stock valued at $84,476,000 after buying an additional 247,508 shares in the last quarter. Finally, Envestnet Asset Management Inc. grew its holdings in Mitsubishi UFJ Financial Group by 0.3% during the 1st quarter. Envestnet Asset Management Inc. now owns 4,820,099 shares of the company’s stock valued at $65,698,000 after buying an additional 13,167 shares in the last quarter. 13.59% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

MUFG has been the subject of several analyst reports. Wall Street Zen raised Mitsubishi UFJ Financial Group from a “sell” rating to a “hold” rating in a research note on Saturday, August 9th. Zacks Research raised Mitsubishi UFJ Financial Group from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, August 26th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Mitsubishi UFJ Financial Group in a research note on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, Mitsubishi UFJ Financial Group presently has a consensus rating of “Buy”.

Mitsubishi UFJ Financial Group Stock Down 4.6%

Shares of MUFG stock opened at $14.64 on Friday. The stock’s fifty day moving average price is $15.36 and its 200 day moving average price is $13.92. Mitsubishi UFJ Financial Group, Inc. has a 1-year low of $10.15 and a 1-year high of $16.24. The company has a debt-to-equity ratio of 1.86, a current ratio of 0.89 and a quick ratio of 0.89. The company has a market cap of $176.61 billion, a price-to-earnings ratio of 13.55, a price-to-earnings-growth ratio of 1.07 and a beta of 0.38.

Mitsubishi UFJ Financial Group (NYSE:MUFG) last issued its quarterly earnings results 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 during the quarter, compared to analysts’ expectations 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 expect that Mitsubishi UFJ Financial Group, Inc. will post 0.99 earnings per share for the current fiscal year.

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.