Bank of New York Mellon Corp Trims Stake in Mitsubishi UFJ Financial Group Inc (NYSE:MTU)

Bank of New York Mellon Corp trimmed its position in Mitsubishi UFJ Financial Group Inc (NYSE:MTU) by 9.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 238,119 shares of the bank’s stock after selling 25,336 shares during the period. Bank of New York Mellon Corp’s holdings in Mitsubishi UFJ Financial Group were worth $1,533,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the stock. Advisor Group Inc. grew its stake in shares of Mitsubishi UFJ Financial Group by 18.1% during the 2nd quarter. Advisor Group Inc. now owns 18,700 shares of the bank’s stock worth $126,000 after acquiring an additional 2,869 shares in the last quarter. HighTower Advisors LLC grew its stake in shares of Mitsubishi UFJ Financial Group by 13.7% during the 2nd quarter. HighTower Advisors LLC now owns 24,147 shares of the bank’s stock worth $162,000 after acquiring an additional 2,911 shares in the last quarter. Financial Counselors Inc. grew its stake in shares of Mitsubishi UFJ Financial Group by 2.7% during the 2nd quarter. Financial Counselors Inc. now owns 34,142 shares of the bank’s stock worth $230,000 after acquiring an additional 895 shares in the last quarter. Well Done LLC bought a new position in shares of Mitsubishi UFJ Financial Group in the third quarter valued at $246,000. Finally, Russell Investments Group Ltd. bought a new position in shares of Mitsubishi UFJ Financial Group in the second quarter valued at $277,000. Institutional investors and hedge funds own 1.03% of the company’s stock.

Several research firms recently weighed in on MTU. Daiwa Capital Markets cut shares of Mitsubishi UFJ Financial Group from an “outperform” rating to a “neutral” rating in a research note on Wednesday, January 10th. Zacks Investment Research cut shares of Mitsubishi UFJ Financial Group from a “buy” rating to a “hold” rating in a research report on Wednesday, November 1st. Finally, ValuEngine raised Mitsubishi UFJ Financial Group from a “buy” rating to a “strong-buy” rating in a report on Monday, October 16th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, two have issued a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $7.00.

Mitsubishi UFJ Financial Group Inc (NYSE:MTU) opened at $8.03 on Thursday. The company has a market capitalization of $108,374.36, a PE ratio of 11.31, a P/E/G ratio of 1.54 and a beta of 1.66. Mitsubishi UFJ Financial Group Inc has a 52 week low of $5.94 and a 52 week high of $8.11. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.85 and a quick ratio of 0.85.

Mitsubishi UFJ Financial Group (NYSE:MTU) last released its earnings results on Tuesday, November 14th. The bank reported $0.24 earnings per share (EPS) for the quarter. Mitsubishi UFJ Financial Group had a return on equity of 6.82% and a net margin of 17.02%. equities analysts expect that Mitsubishi UFJ Financial Group Inc will post 0.64 EPS for the current year.

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Mitsubishi UFJ Financial Group Company Profile

Mitsubishi UFJ Financial Group, Inc (MUFJ) is a bank holding company. The Company’s segments include Integrated Retail Banking Business Group, Integrated Corporate Banking Business Group, Integrated Trust Assets Business Group, Integrated Global Business Group and Krungsri. The Company’s services include commercial banking, trust banking, securities, credit cards, consumer finance, asset management, leasing and various fields of financial services.

Institutional Ownership by Quarter for Mitsubishi UFJ Financial Group (NYSE:MTU)

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