Wells Fargo & Company MN reduced its position in Mitsubishi UFJ Financial Group Inc (NYSE:MTU) by 64.9% during the first quarter, according to its most recent filing with the SEC. The firm owned 47,257 shares of the bank’s stock after selling 87,552 shares during the period. Wells Fargo & Company MN’s holdings in Mitsubishi UFJ Financial Group were worth $299,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Conning Inc. purchased a new position in shares of Mitsubishi UFJ Financial Group during the first quarter worth about $281,000. Quadrant Capital Group LLC boosted its position in shares of Mitsubishi UFJ Financial Group by 208.1% in the first quarter. Quadrant Capital Group LLC now owns 60,511 shares of the bank’s stock worth $372,000 after buying an additional 40,868 shares during the last quarter. Greenleaf Trust purchased a new position in shares of Mitsubishi UFJ Financial Group during the first quarter worth about $476,000. BB&T Corp boosted its position in shares of Mitsubishi UFJ Financial Group by 949.7% in the first quarter. BB&T Corp now owns 145,234 shares of the bank’s stock worth $921,000 after buying an additional 131,398 shares during the last quarter. Finally, Wetherby Asset Management Inc. boosted its position in shares of Mitsubishi UFJ Financial Group by 6.0% in the first quarter. Wetherby Asset Management Inc. now owns 165,414 shares of the bank’s stock worth $1,049,000 after buying an additional 9,300 shares during the last quarter. Institutional investors own 1.02% of the company’s stock.

Mitsubishi UFJ Financial Group Inc (NYSE:MTU) opened at 6.41 on Tuesday. The stock has a market cap of $86.29 billion, a price-to-earnings ratio of 10.56 and a beta of 1.60. The firm has a 50-day moving average price of $6.44 and a 200-day moving average price of $6.44. Mitsubishi UFJ Financial Group Inc has a 12 month low of $4.60 and a 12 month high of $7.01.

Mitsubishi UFJ Financial Group (NYSE:MTU) last issued its quarterly earnings data on Monday, May 15th. The bank reported $0.09 earnings per share for the quarter, missing analysts’ consensus estimates of $0.12 by $0.03. The company had revenue of $14.60 billion for the quarter. Mitsubishi UFJ Financial Group had a net margin of 15.66% and a return on equity of 5.95%. Equities research analysts expect that Mitsubishi UFJ Financial Group Inc will post $0.55 earnings per share for the current fiscal year.

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A number of equities analysts recently issued reports on MTU shares. Zacks Investment Research upgraded shares of Mitsubishi UFJ Financial Group from a “hold” rating to a “buy” rating and set a $7.50 price target on the stock in a research note on Tuesday, July 4th. BidaskClub upgraded shares of Mitsubishi UFJ Financial Group from a “sell” rating to a “hold” rating in a research note on Saturday, July 1st. One analyst has rated the stock with a sell rating, two have issued a hold rating and six have issued a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $7.50.

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.

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

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