ABN Amro Investment Solutions Sells 284,000 Shares of Mitsubishi UFJ Financial Group, Inc. $MUFG

ABN Amro Investment Solutions cut its stake in shares of Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG) by 71.2% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 114,800 shares of the company’s stock after selling 284,000 shares during the period. ABN Amro Investment Solutions’ holdings in Mitsubishi UFJ Financial Group were worth $1,948,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in MUFG. Laurel Wealth Advisors LLC purchased a new stake in shares of Mitsubishi UFJ Financial Group in the fourth quarter valued at about $26,000. Whipplewood Advisors LLC purchased a new position in Mitsubishi UFJ Financial Group during the first quarter worth about $29,000. JPL Wealth Management LLC purchased a new stake in Mitsubishi UFJ Financial Group in the 3rd quarter valued at about $34,000. Sound Income Strategies LLC increased its stake in Mitsubishi UFJ Financial Group by 716.4% in the 4th quarter. Sound Income Strategies LLC now owns 2,482 shares of the company’s stock valued at $39,000 after buying an additional 2,178 shares during the last quarter. Finally, Root Financial Partners LLC lifted its position in shares of Mitsubishi UFJ Financial Group by 96.2% during the 4th quarter. Root Financial Partners LLC now owns 2,562 shares of the company’s stock worth $41,000 after buying an additional 1,256 shares in the last quarter. Institutional investors own 13.59% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have issued reports on MUFG shares. Mitsubishi UFJ Financial Group assumed coverage on Mitsubishi UFJ Financial Group in a research note on Thursday, June 25th. They issued a “buy” rating for the company. Weiss Ratings cut shares of Mitsubishi UFJ Financial Group from a “buy (b)” rating to a “hold (c)” rating in a report on Tuesday, July 14th. Finally, Erste Group Bank began coverage on Mitsubishi UFJ Financial Group in a report on Thursday, June 25th. They set a “buy” rating for the company. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, Mitsubishi UFJ Financial Group has an average rating of “Moderate Buy”.

Mitsubishi UFJ Financial Group Trading Up 1.3%

Shares of MUFG opened at $22.91 on Friday. Mitsubishi UFJ Financial Group, Inc. has a twelve month low of $13.62 and a twelve month high of $23.08. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 1.75. The firm has a fifty day simple moving average of $20.48 and a two-hundred day simple moving average of $18.81. The stock has a market capitalization of $271.95 billion, a P/E ratio of 16.25, a PEG ratio of 1.09 and a beta of 0.39.

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.