Connectus Wealth LLC Lowers Stock Position in Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG)

Connectus Wealth LLC decreased its holdings in shares of Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFGGet Rating) by 38.5% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 135,781 shares of the company’s stock after selling 84,895 shares during the quarter. Connectus Wealth LLC’s holdings in Mitsubishi UFJ Financial Group were worth $741,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in MUFG. UMB Bank N A MO acquired a new position in shares of Mitsubishi UFJ Financial Group during the 4th quarter valued at $29,000. IRON Financial LLC acquired a new position in Mitsubishi UFJ Financial Group in the 1st quarter worth $63,000. Cambridge Investment Research Advisors Inc. acquired a new position in Mitsubishi UFJ Financial Group in the 4th quarter worth $67,000. PFG Advisors acquired a new position in Mitsubishi UFJ Financial Group in the 1st quarter worth $78,000. Finally, Legacy Financial Advisors Inc. lifted its holdings in Mitsubishi UFJ Financial Group by 27.4% in the 1st quarter. Legacy Financial Advisors Inc. now owns 13,336 shares of the company’s stock worth $83,000 after buying an additional 2,870 shares in the last quarter. Institutional investors and hedge funds own 13.09% of the company’s stock.

Wall Street Analyst Weigh In

MUFG has been the topic of a number of recent analyst reports. The Goldman Sachs Group initiated coverage on shares of Mitsubishi UFJ Financial Group in a report on Wednesday, April 27th. StockNews.com lowered shares of Mitsubishi UFJ Financial Group from a “buy” rating to a “hold” rating in a report on Sunday, May 29th.

Mitsubishi UFJ Financial Group Stock Performance

Shares of Mitsubishi UFJ Financial Group stock opened at $5.29 on Friday. The firm has a market cap of $66.73 billion, a PE ratio of 8.97, a price-to-earnings-growth ratio of 0.57 and a beta of 0.73. The firm’s 50-day simple moving average is $5.46 and its 200-day simple moving average is $5.88. The company has a debt-to-equity ratio of 3.06, a quick ratio of 0.94 and a current ratio of 0.92. Mitsubishi UFJ Financial Group, Inc. has a 1 year low of $5.09 and a 1 year high of $6.78.

Mitsubishi UFJ Financial Group (NYSE:MUFGGet Rating) last issued its earnings results on Monday, May 16th. The company reported $0.12 earnings per share (EPS) for the quarter. The business had revenue of $14.74 billion for the quarter. Mitsubishi UFJ Financial Group had a net margin of 13.26% and a return on equity of 5.36%. Equities analysts forecast that Mitsubishi UFJ Financial Group, Inc. will post 0.62 earnings per share for the current fiscal year.

Mitsubishi UFJ Financial Group Company Profile

(Get Rating)

Mitsubishi UFJ Financial Group, Inc operates as the bank holding company for MUFG Bank, Ltd. that provides various financial services in Japan, the United States, Europe, Asia/Oceania, and internationally. It operates through Digital Service Business Group; Retail & Commercial Banking Business Group; Japanese Corporate & Investment Banking Business Group; Asset Management & Investor Services Business Group; Global Corporate & Investment Banking Business Group; Global Commercial Banking Business Group; and Global Markets Business Group segments.

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

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