Mitsubishi UFJ Financial Group, Inc. $MUFG Shares Sold by DAVENPORT & Co LLC

DAVENPORT & Co LLC cut its position in shares of Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG) by 41.0% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 54,922 shares of the company’s stock after selling 38,201 shares during the quarter. DAVENPORT & Co LLC’s holdings in Mitsubishi UFJ Financial Group were worth $871,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in MUFG. Huntington National Bank increased its holdings in Mitsubishi UFJ Financial Group by 4.9% in the third quarter. Huntington National Bank now owns 14,086 shares of the company’s stock valued at $225,000 after buying an additional 659 shares in the last quarter. Seven Mile Advisory boosted its stake in shares of Mitsubishi UFJ Financial Group by 4.7% during the 2nd quarter. Seven Mile Advisory now owns 15,543 shares of the company’s stock worth $213,000 after acquiring an additional 702 shares in the last quarter. Xponance Inc. boosted its stake in shares of Mitsubishi UFJ Financial Group by 5.4% during the 3rd quarter. Xponance Inc. now owns 13,991 shares of the company’s stock worth $223,000 after acquiring an additional 723 shares in the last quarter. Horizon Investments LLC grew its position in shares of Mitsubishi UFJ Financial Group by 25.8% during the 3rd quarter. Horizon Investments LLC now owns 3,575 shares of the company’s stock valued at $57,000 after acquiring an additional 734 shares during the period. Finally, EWA LLC increased its stake in shares of Mitsubishi UFJ Financial Group by 1.1% in the 3rd quarter. EWA LLC now owns 66,054 shares of the company’s stock valued at $1,053,000 after purchasing an additional 740 shares in the last quarter. Institutional investors and hedge funds own 13.59% of the company’s stock.

Wall Street Analysts Forecast Growth

MUFG has been the subject of a number of analyst reports. UBS Group raised Mitsubishi UFJ Financial Group to a “strong-buy” rating in a report on Thursday, January 22nd. Zacks Research lowered Mitsubishi UFJ Financial Group from a “strong-buy” rating to a “hold” rating in a report on Monday, December 1st. Finally, Weiss Ratings upgraded Mitsubishi UFJ Financial Group from a “hold (c)” rating to a “buy (b-)” rating in a research report on Thursday, February 5th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy”.

Mitsubishi UFJ Financial Group Stock Down 0.0%

Shares of NYSE MUFG opened at $16.32 on Tuesday. The firm has a market cap of $193.73 billion, a price-to-earnings ratio of 14.32, a price-to-earnings-growth ratio of 0.86 and a beta of 0.33. The company’s 50-day simple moving average is $17.97 and its 200-day simple moving average is $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 released its quarterly earnings results on Wednesday, February 4th. The company reported $0.32 earnings per share for the quarter, topping the consensus estimate of $0.30 by $0.02. Mitsubishi UFJ Financial Group had a net margin of 13.87% and a return on equity of 9.58%. Equities analysts predict that Mitsubishi UFJ Financial Group, Inc. will post 0.99 EPS for the current fiscal year.

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.