Citigroup Inc. Cuts Holdings in Mitsubishi UFJ Financial Group, Inc. $MUFG

Citigroup Inc. lowered its stake in shares of Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG) by 22.3% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 821,156 shares of the company’s stock after selling 235,386 shares during the quarter. Citigroup Inc.’s holdings in Mitsubishi UFJ Financial Group were worth $13,089,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Fisher Asset Management LLC raised its position in Mitsubishi UFJ Financial Group by 17.4% during the second quarter. Fisher Asset Management LLC now owns 89,513,174 shares of the company’s stock valued at $1,228,121,000 after purchasing an additional 13,275,383 shares in the last quarter. Envestnet Asset Management Inc. boosted its holdings in shares of Mitsubishi UFJ Financial Group by 1.9% in the 3rd quarter. Envestnet Asset Management Inc. now owns 4,941,830 shares of the company’s stock worth $78,773,000 after purchasing an additional 93,051 shares in the last quarter. Todd Asset Management LLC increased its position in shares of Mitsubishi UFJ Financial Group by 0.3% during the 3rd quarter. Todd Asset Management LLC now owns 4,109,932 shares of the company’s stock valued at $65,512,000 after purchasing an additional 10,822 shares during the last quarter. Raymond James Financial Inc. lifted its position in Mitsubishi UFJ Financial Group by 3.3% in the 2nd quarter. Raymond James Financial Inc. now owns 2,870,737 shares of the company’s stock worth $39,386,000 after buying an additional 92,220 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its position in Mitsubishi UFJ Financial Group by 180.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,162,410 shares of the company’s stock worth $34,469,000 after buying an additional 1,390,497 shares during the last quarter. 13.59% of the stock is currently owned by hedge funds and other institutional investors.

Mitsubishi UFJ Financial Group Stock Down 1.8%

Shares of NYSE MUFG opened at $18.62 on Friday. The firm’s fifty day moving average is $17.90 and its 200 day moving average is $16.32. Mitsubishi UFJ Financial Group, Inc. has a 52 week low of $10.46 and a 52 week high of $20.15. The company has a quick ratio of 0.89, a current ratio of 0.85 and a debt-to-equity ratio of 1.30. The company has a market cap of $220.92 billion, a price-to-earnings ratio of 16.33, a PEG ratio of 1.40 and a beta of 0.35.

Mitsubishi UFJ Financial Group (NYSE:MUFG) last announced its quarterly earnings results on Wednesday, February 4th. The company reported $0.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.30 by $0.02. The business had revenue of ($1,075.42) million for the quarter, compared to analyst estimates of $9.30 billion. Mitsubishi UFJ Financial Group had a net margin of 13.87% and a return on equity of 9.58%. On average, equities research analysts expect that Mitsubishi UFJ Financial Group, Inc. will post 0.99 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research analysts have commented on MUFG shares. Zacks Research cut shares of Mitsubishi UFJ Financial Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 1st. UBS Group raised shares of Mitsubishi UFJ Financial Group to a “strong-buy” rating in a report on Thursday, January 22nd. Finally, Weiss Ratings raised shares of Mitsubishi UFJ Financial Group from a “hold (c)” rating to a “buy (b-)” rating in a research note on Thursday, February 5th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Mitsubishi UFJ Financial Group currently has an average rating of “Buy”.

About Mitsubishi UFJ Financial Group

Mitsubishi UFJ Financial Group, Inc (MUFG) is a Tokyo-based financial services holding company and one of Japan’s largest banking groups and among the world’s leading financial institutions. The group was formed through the integration of Mitsubishi Tokyo Financial Group and UFJ Holdings and operates a comprehensive suite of banking and financial services for retail, corporate, and institutional clients. MUFG’s core banking operations are conducted through its commercial banking arm and a network of domestic and international subsidiaries and affiliates.

MUFG offers a broad range of products and services including commercial and retail banking, corporate and investment banking, global transaction banking, trust banking, asset management, securities and brokerage services, credit cards, consumer finance, leasing and custody services.