Mitsubishi UFJ Financial Group, Inc. $MUFG Stake Lowered by 17 Capital Partners LLC

17 Capital Partners LLC decreased its stake in Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG) by 8.5% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 102,245 shares of the company’s stock after selling 9,438 shares during the period. 17 Capital Partners LLC’s holdings in Mitsubishi UFJ Financial Group were worth $1,403,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. National Bank of Canada FI bought a new position in shares of Mitsubishi UFJ Financial Group during the first quarter worth about $12,534,000. Natixis Advisors LLC grew its position in Mitsubishi UFJ Financial Group by 9.2% in the 1st 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 during the last quarter. Northern Trust Corp increased its stake in shares of Mitsubishi UFJ Financial Group by 8.4% in the first quarter. Northern Trust Corp now owns 11,407,268 shares of the company’s stock valued at $155,481,000 after purchasing an additional 885,189 shares during the period. 1832 Asset Management L.P. raised its holdings in shares of Mitsubishi UFJ Financial Group by 3,965.4% during the first quarter. 1832 Asset Management L.P. now owns 713,069 shares of the company’s stock valued at $9,719,000 after buying an additional 695,529 shares during the last quarter. Finally, Federation des caisses Desjardins du Quebec boosted its position in shares of Mitsubishi UFJ Financial Group by 30,337.9% during the first quarter. Federation des caisses Desjardins du Quebec now owns 675,722 shares of the company’s stock worth $9,210,000 after buying an additional 673,502 shares during the period. Institutional investors and hedge funds own 13.59% of the company’s stock.

Mitsubishi UFJ Financial Group Stock Performance

Mitsubishi UFJ Financial Group stock opened at $15.27 on Thursday. Mitsubishi UFJ Financial Group, Inc. has a fifty-two week low of $10.46 and a fifty-two week high of $16.24. The firm’s 50 day simple moving average is $15.37 and its 200-day simple moving average is $14.52. 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 $184.21 billion, a P/E ratio of 14.13, a price-to-earnings-growth ratio of 1.09 and a beta of 0.37.

Mitsubishi UFJ Financial Group (NYSE:MUFG) last issued its quarterly earnings results on Friday, November 14th. The company reported $0.44 EPS for the quarter, beating the consensus estimate of $0.34 by $0.10. Mitsubishi UFJ Financial Group had a net margin of 13.95% and a return on equity of 9.35%. The business had revenue of $23.61 billion during the quarter, compared to the consensus estimate of $9.19 billion. As a group, equities research analysts predict that Mitsubishi UFJ Financial Group, Inc. will post 0.99 EPS for the current year.

Analysts Set New Price Targets

Several analysts recently commented on the company. Zacks Research upgraded Mitsubishi UFJ Financial Group from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, August 26th. Wall Street Zen raised Mitsubishi UFJ Financial Group from a “sell” rating to a “hold” rating in a research note on Saturday, August 9th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Mitsubishi UFJ Financial Group in a research note on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “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.