Rhumbline Advisers Cuts Holdings in Mitsubishi UFJ Financial Group, Inc. $MUFG

Rhumbline Advisers reduced its position in shares of Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG) by 20.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 160,638 shares of the company’s stock after selling 40,253 shares during the quarter. Rhumbline Advisers’ holdings in Mitsubishi UFJ Financial Group were worth $2,561,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the business. Westside Investment Management Inc. raised its holdings in Mitsubishi UFJ Financial Group by 100.0% in the 3rd quarter. Westside Investment Management Inc. now owns 1,846 shares of the company’s stock worth $29,000 after purchasing an additional 923 shares during the period. True Wealth Design LLC purchased a new stake in shares of Mitsubishi UFJ Financial Group in the third quarter valued at approximately $49,000. CWM LLC raised its stake in shares of Mitsubishi UFJ Financial Group by 188.9% during the 3rd quarter. CWM LLC now owns 3,504 shares of the company’s stock worth $56,000 after buying an additional 2,291 shares during the period. NewSquare Capital LLC lifted its position in shares of Mitsubishi UFJ Financial Group by 162.6% during the 2nd quarter. NewSquare Capital LLC now owns 3,723 shares of the company’s stock valued at $51,000 after buying an additional 2,305 shares in the last quarter. Finally, Salomon & Ludwin LLC grew its stake in Mitsubishi UFJ Financial Group by 2,588.1% in the 3rd quarter. Salomon & Ludwin LLC now owns 3,844 shares of the company’s stock valued at $61,000 after acquiring an additional 3,701 shares during the period. 13.59% of the stock is currently owned by institutional investors and hedge funds.

Mitsubishi UFJ Financial Group Trading Up 1.7%

Shares of MUFG opened at $18.95 on Friday. Mitsubishi UFJ Financial Group, Inc. has a 12-month low of $10.46 and a 12-month high of $20.15. The firm has a market capitalization of $224.89 billion, a P/E ratio of 16.62, a P/E/G ratio of 1.40 and a beta of 0.35. The firm has a 50-day moving average price of $17.84 and a 200 day moving average price of $16.28. The company has a current ratio of 0.85, a quick ratio of 0.89 and a debt-to-equity ratio of 1.30.

Mitsubishi UFJ Financial Group (NYSE:MUFG) last posted its earnings results on Wednesday, February 4th. The company reported $0.32 earnings per share for the quarter, beating the consensus estimate of $0.30 by $0.02. The company had revenue of ($1,075.42) million for the quarter, compared to analyst estimates of $9.30 billion. Mitsubishi UFJ Financial Group had a net margin of 13.87% and a return on equity of 9.58%. Sell-side analysts forecast that Mitsubishi UFJ Financial Group, Inc. will post 0.99 EPS for the current year.

Wall Street Analyst Weigh In

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