Mitsubishi UFJ Financial Group, Inc. $MUFG Shares Sold by Yousif Capital Management LLC

Yousif Capital Management LLC cut its stake in Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG) by 26.9% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 101,620 shares of the company’s stock after selling 37,355 shares during the period. Yousif Capital Management LLC’s holdings in Mitsubishi UFJ Financial Group were worth $1,620,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of MUFG. Goldman Sachs Group Inc. grew its holdings in Mitsubishi UFJ Financial Group by 2.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 12,652,332 shares of the company’s stock worth $172,451,000 after acquiring an additional 288,583 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of Mitsubishi UFJ Financial Group by 79.4% during the 2nd quarter. JPMorgan Chase & Co. now owns 771,913 shares of the company’s stock worth $10,591,000 after purchasing an additional 341,671 shares during the last quarter. Walleye Capital LLC grew its stake in shares of Mitsubishi UFJ Financial Group by 991.8% during the second quarter. Walleye Capital LLC now owns 353,838 shares of the company’s stock worth $4,855,000 after purchasing an additional 321,430 shares in the last quarter. Corient Private Wealth LLC grew its stake in shares of Mitsubishi UFJ Financial Group by 67.1% during the second quarter. Corient Private Wealth LLC now owns 198,338 shares of the company’s stock worth $2,721,000 after purchasing an additional 79,613 shares in the last quarter. Finally, SCS Capital Management LLC increased its holdings in Mitsubishi UFJ Financial Group by 482.0% in the second quarter. SCS Capital Management LLC now owns 1,107,229 shares of the company’s stock valued at $15,191,000 after buying an additional 916,992 shares during the last quarter. 13.59% of the stock is owned by institutional investors and hedge funds.

Mitsubishi UFJ Financial Group Stock Performance

Shares of MUFG stock opened at $15.88 on Tuesday. The stock’s 50-day moving average is $15.52 and its two-hundred day moving average is $14.99. The firm has a market cap of $188.40 billion, a price-to-earnings ratio of 14.17, a PEG ratio of 1.19 and a beta of 0.34. Mitsubishi UFJ Financial Group, Inc. has a 1 year low of $10.46 and a 1 year high of $16.56. The company has a debt-to-equity ratio of 1.39, a quick ratio of 0.89 and a current ratio of 0.85.

Mitsubishi UFJ Financial Group (NYSE:MUFG) last posted its earnings results on Friday, November 14th. The company reported $0.44 earnings per share for the quarter, beating the consensus estimate of $0.34 by $0.10. The business had revenue of $23.61 billion during the quarter, compared to the consensus estimate of $9.19 billion. Mitsubishi UFJ Financial Group had a return on equity of 9.39% and a net margin of 13.98%. Analysts predict that Mitsubishi UFJ Financial Group, Inc. will post 0.99 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on MUFG shares. Zacks Research cut Mitsubishi UFJ Financial Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 1st. Weiss Ratings restated a “hold (c)” rating on shares of Mitsubishi UFJ Financial Group in a research note on Wednesday, October 8th. Two investment analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock currently has a consensus rating of “Hold”.

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.