DAVENPORT & Co LLC Reduces Position in Mitsubishi UFJ Financial Group, Inc. $MUFG

DAVENPORT & Co LLC decreased its position in Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG) by 41.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 54,922 shares of the company’s stock after selling 38,201 shares during the period. DAVENPORT & Co LLC’s holdings in Mitsubishi UFJ Financial Group were worth $871,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Fisher Asset Management LLC grew its stake in Mitsubishi UFJ Financial Group by 17.4% during the 2nd 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 during the last quarter. Natixis Advisors LLC increased its holdings in shares of Mitsubishi UFJ Financial Group by 14.9% in the third quarter. Natixis Advisors LLC now owns 13,240,940 shares of the company’s stock valued at $211,061,000 after purchasing an additional 1,718,759 shares during the period. JPMorgan Chase & Co. raised its stake in shares of Mitsubishi UFJ Financial Group by 180.1% in the third quarter. JPMorgan Chase & Co. now owns 2,162,410 shares of the company’s stock worth $34,469,000 after purchasing an additional 1,390,497 shares during the last quarter. SCS Capital Management LLC lifted its holdings in shares of Mitsubishi UFJ Financial Group by 482.0% during the second quarter. SCS Capital Management LLC now owns 1,107,229 shares of the company’s stock worth $15,191,000 after purchasing an additional 916,992 shares during the period. Finally, UBS Group AG lifted its holdings in shares of Mitsubishi UFJ Financial Group by 80.2% during the third quarter. UBS Group AG now owns 1,578,547 shares of the company’s stock worth $25,162,000 after purchasing an additional 702,456 shares during the period. Institutional investors and hedge funds own 13.59% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently weighed in on MUFG. Zacks Research downgraded shares of Mitsubishi UFJ Financial Group from a “strong-buy” rating to a “hold” rating in a report on Monday, December 1st. UBS Group upgraded shares of Mitsubishi UFJ Financial Group to a “strong-buy” rating in a research note 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 report on Thursday, February 5th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Buy”.

Mitsubishi UFJ Financial Group Stock Performance

Shares of MUFG stock opened at $16.32 on Tuesday. The stock has a market cap of $193.73 billion, a PE ratio of 14.32, a price-to-earnings-growth ratio of 0.86 and a beta of 0.33. The business has a 50-day simple moving average of $17.97 and a 200-day simple moving average of $16.55. The company has a quick ratio of 0.89, a current ratio of 0.85 and a debt-to-equity ratio of 1.30. Mitsubishi UFJ Financial Group, Inc. has a 52-week low of $10.46 and a 52-week high of $20.15.

Mitsubishi UFJ Financial Group (NYSE:MUFG) last posted its earnings results on Wednesday, February 4th. The company reported $0.32 EPS for the quarter, topping the consensus estimate of $0.30 by $0.02. Mitsubishi UFJ Financial Group had a return on equity of 9.58% and a net margin of 13.87%. On average, equities analysts expect that Mitsubishi UFJ Financial Group, Inc. will post 0.99 EPS for the current year.

Mitsubishi UFJ Financial Group Profile

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.