Naviter Wealth LLC Sells 44,478 Shares of Mitsubishi UFJ Financial Group, Inc. $MUFG

Naviter Wealth LLC decreased its position in shares of Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG) by 16.4% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 227,118 shares of the company’s stock after selling 44,478 shares during the quarter. Naviter Wealth LLC’s holdings in Mitsubishi UFJ Financial Group were worth $3,602,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Fisher Asset Management LLC grew its stake in shares of Mitsubishi UFJ Financial Group by 2.2% during the 3rd quarter. Fisher Asset Management LLC now owns 91,486,499 shares of the company’s stock worth $1,458,295,000 after acquiring an additional 1,973,325 shares during the period. Natixis Advisors LLC boosted its stake in Mitsubishi UFJ Financial Group by 14.9% in the 3rd quarter. Natixis Advisors LLC now owns 13,240,940 shares of the company’s stock worth $211,061,000 after purchasing an additional 1,718,759 shares during the period. Northern Trust Corp boosted its stake in Mitsubishi UFJ Financial Group by 1.9% in the 3rd quarter. Northern Trust Corp now owns 11,397,833 shares of the company’s stock worth $181,681,000 after purchasing an additional 211,265 shares during the period. Chevy Chase Trust Holdings LLC boosted its stake in Mitsubishi UFJ Financial Group by 1.0% in the 3rd quarter. Chevy Chase Trust Holdings LLC now owns 6,222,247 shares of the company’s stock worth $99,183,000 after purchasing an additional 59,242 shares during the period. Finally, Envestnet Asset Management Inc. boosted its stake in Mitsubishi UFJ Financial Group by 1.9% in the 3rd quarter. Envestnet Asset Management Inc. now owns 4,941,830 shares of the company’s stock worth $78,773,000 after purchasing an additional 93,051 shares during the period. Institutional investors own 13.59% of the company’s stock.

Wall Street Analyst Weigh In

MUFG has been the subject of several analyst reports. UBS Group upgraded Mitsubishi UFJ Financial Group to a “strong-buy” rating in a research note on Thursday, January 22nd. Weiss Ratings upgraded Mitsubishi UFJ Financial Group from a “hold (c)” rating to a “buy (b-)” rating in a research note on Thursday, February 5th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Buy”.

Mitsubishi UFJ Financial Group Stock Up 0.2%

Shares of NYSE MUFG opened at $17.62 on Wednesday. Mitsubishi UFJ Financial Group, Inc. has a 52 week low of $10.66 and a 52 week high of $20.15. The business has a 50-day simple moving average of $17.90 and a two-hundred day simple moving average of $16.62. The company has a market cap of $209.14 billion, a P/E ratio of 15.46, a P/E/G ratio of 0.78 and a beta of 0.38.

Mitsubishi UFJ Financial Group (NYSE:MUFG) last issued its earnings results on Wednesday, February 4th. The company reported $0.32 EPS for the quarter, topping the consensus estimate of $0.30 by $0.02. Mitsubishi UFJ Financial Group had a return on equity of 9.58% and a net margin of 13.87%. Equities research analysts anticipate that Mitsubishi UFJ Financial Group, Inc. will post 0.99 EPS for the current year.

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.