Callan Family Office LLC Sells 46,514 Shares of Mitsubishi UFJ Financial Group, Inc. $MUFG

Callan Family Office LLC cut its stake in Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG) by 16.9% in the third quarter, HoldingsChannel reports. The fund owned 228,132 shares of the company’s stock after selling 46,514 shares during the period. Callan Family Office LLC’s holdings in Mitsubishi UFJ Financial Group were worth $3,636,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Sumitomo Mitsui Trust Group Inc. boosted its position in shares of Mitsubishi UFJ Financial Group by 85.7% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 156,413 shares of the company’s stock worth $2,493,000 after purchasing an additional 72,183 shares during the last quarter. HB Wealth Management LLC boosted its holdings in Mitsubishi UFJ Financial Group by 229.5% during the third quarter. HB Wealth Management LLC now owns 90,504 shares of the company’s stock worth $1,443,000 after buying an additional 63,038 shares during the last quarter. JPMorgan Chase & Co. grew 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 buying an additional 341,671 shares during the period. Y Intercept Hong Kong Ltd increased its stake in shares of Mitsubishi UFJ Financial Group by 88.8% in the 3rd quarter. Y Intercept Hong Kong Ltd now owns 338,959 shares of the company’s stock valued at $5,403,000 after acquiring an additional 159,386 shares during the last quarter. Finally, Walleye Capital LLC raised its position in shares of Mitsubishi UFJ Financial Group by 991.8% in the 2nd quarter. Walleye Capital LLC now owns 353,838 shares of the company’s stock valued at $4,855,000 after acquiring an additional 321,430 shares during the period. 13.59% of the stock is owned by institutional investors.

Mitsubishi UFJ Financial Group Price Performance

Shares of NYSE MUFG opened at $18.53 on Wednesday. The company has a fifty day moving average price of $16.73 and a 200 day moving average price of $15.71. The firm has a market cap of $219.85 billion, a PE ratio of 16.54, a PEG ratio of 1.39 and a beta of 0.35. The company has a current ratio of 0.85, a quick ratio of 0.89 and a debt-to-equity ratio of 1.39. Mitsubishi UFJ Financial Group, Inc. has a 1-year low of $10.46 and a 1-year high of $18.90.

Mitsubishi UFJ Financial Group (NYSE:MUFG) last issued its quarterly earnings results on Monday, December 29th. The company reported $0.35 EPS for the quarter. The company had revenue of $15.58 billion for the quarter. Mitsubishi UFJ Financial Group had a return on equity of 9.39% and a net margin of 13.98%. Research analysts predict that Mitsubishi UFJ Financial Group, Inc. will post 0.99 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several brokerages have commented on MUFG. UBS Group raised shares of Mitsubishi UFJ Financial Group to a “strong-buy” rating in a research note on Thursday, January 22nd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Mitsubishi UFJ Financial Group in a research note on Thursday, January 22nd. Finally, Zacks Research cut Mitsubishi UFJ Financial Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, December 1st. One investment analyst has rated the stock with a Strong Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy”.

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.