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

QRG Capital Management Inc. lowered its stake in Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG) by 27.6% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 582,337 shares of the company’s stock after selling 222,217 shares during the period. QRG Capital Management Inc.’s holdings in Mitsubishi UFJ Financial Group were worth $9,282,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of MUFG. Fisher Asset Management LLC raised its position in Mitsubishi UFJ Financial Group by 17.4% during the 2nd quarter. Fisher Asset Management LLC now owns 89,513,174 shares of the company’s stock worth $1,228,121,000 after buying an additional 13,275,383 shares during the last quarter. Envestnet Asset Management Inc. increased its stake in shares of Mitsubishi UFJ Financial Group by 0.6% during the second quarter. Envestnet Asset Management Inc. now owns 4,848,779 shares of the company’s stock worth $66,525,000 after acquiring an additional 28,680 shares during the period. Raymond James Financial Inc. raised its holdings in Mitsubishi UFJ Financial Group by 3.3% during the second quarter. Raymond James Financial Inc. now owns 2,870,737 shares of the company’s stock worth $39,386,000 after purchasing an additional 92,220 shares in the last quarter. American Century Companies Inc. lifted its position in Mitsubishi UFJ Financial Group by 11.2% in the second quarter. American Century Companies Inc. now owns 2,158,689 shares of the company’s stock valued at $29,617,000 after purchasing an additional 217,215 shares during the period. Finally, Quantinno Capital Management LP boosted its holdings in Mitsubishi UFJ Financial Group by 21.7% in the 2nd quarter. Quantinno Capital Management LP now owns 1,323,481 shares of the company’s stock valued at $18,158,000 after purchasing an additional 236,395 shares in the last quarter. Hedge funds and other institutional investors own 13.59% of the company’s stock.

Mitsubishi UFJ Financial Group Stock Up 1.4%

Mitsubishi UFJ Financial Group stock opened at $18.90 on Friday. Mitsubishi UFJ Financial Group, Inc. has a fifty-two week low of $10.46 and a fifty-two week high of $18.90. The firm has a market capitalization of $224.30 billion, a price-to-earnings ratio of 16.88, a price-to-earnings-growth ratio of 1.42 and a beta of 0.35. The stock’s fifty day moving average is $16.05 and its two-hundred day moving average is $15.31. 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 released its quarterly earnings data on Monday, December 29th. The company reported $0.35 EPS for the quarter. The business had revenue of $9.78 billion for the quarter. Mitsubishi UFJ Financial Group had a net margin of 13.98% and a return on equity of 9.39%. Analysts predict that Mitsubishi UFJ Financial Group, Inc. will post 0.99 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research firms recently weighed in on MUFG. Weiss Ratings restated a “hold (c)” rating on shares of Mitsubishi UFJ Financial Group in a research note on Wednesday, October 8th. Zacks Research downgraded Mitsubishi UFJ Financial Group from a “strong-buy” rating to a “hold” rating in a report on Monday, December 1st. Two investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock currently has an average rating of “Hold”.

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.