Altman Advisors Inc. Cuts Stock Position in Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG)

Altman Advisors Inc. cut its holdings in Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG) by 0.9% in the first quarter, HoldingsChannel reports. The firm owned 198,762 shares of the company’s stock after selling 1,762 shares during the quarter. Mitsubishi UFJ Financial Group accounts for 1.1% of Altman Advisors Inc.’s portfolio, making the stock its 23rd largest position. Altman Advisors Inc.’s holdings in Mitsubishi UFJ Financial Group were worth $2,512,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Nisa Investment Advisors LLC bought a new stake in shares of Mitsubishi UFJ Financial Group during the first quarter worth $41,000. Financial Management Professionals Inc. lifted its position in shares of Mitsubishi UFJ Financial Group by 116.7% during the first quarter. Financial Management Professionals Inc. now owns 3,257 shares of the company’s stock worth $44,000 after purchasing an additional 1,754 shares during the last quarter. Steward Partners Investment Advisory LLC lifted its position in shares of Mitsubishi UFJ Financial Group by 33.9% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 5,056 shares of the company’s stock worth $59,000 after purchasing an additional 1,279 shares during the last quarter. Olde Wealth Management LLC bought a new stake in shares of Mitsubishi UFJ Financial Group during the first quarter worth $87,000. Finally, Cary Street Partners Financial LLC bought a new stake in shares of Mitsubishi UFJ Financial Group during the fourth quarter worth $98,000. 13.59% of the stock is owned by hedge funds and other institutional investors.

Mitsubishi UFJ Financial Group Stock Down 1.3%

NYSE:MUFG opened at $13.46 on Wednesday. Mitsubishi UFJ Financial Group, Inc. has a twelve month low of $8.75 and a twelve month high of $15.03. The company has a market cap of $162.37 billion, a price-to-earnings ratio of 12.81, a price-to-earnings-growth ratio of 0.90 and a beta of 0.39. The stock has a fifty day simple moving average of $13.57 and a 200-day simple moving average of $12.91. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 2.57.

Mitsubishi UFJ Financial Group (NYSE:MUFG) last released its quarterly earnings data on Thursday, May 15th. The company reported $0.13 earnings per share for the quarter, beating the consensus estimate of $0.03 by $0.10. The firm had revenue of $22.91 billion during the quarter, compared to the consensus estimate of $6.47 billion. Mitsubishi UFJ Financial Group had a return on equity of 9.45% and a net margin of 13.70%. Analysts anticipate that Mitsubishi UFJ Financial Group, Inc. will post 0.99 EPS for the current year.

Wall Street Analyst Weigh In

Separately, Wall Street Zen upgraded Mitsubishi UFJ Financial Group from a “sell” rating to a “hold” rating in a research report on Saturday, June 14th.

About Mitsubishi UFJ Financial Group

Mitsubishi UFJ Financial Group, Inc operates as the bank holding company, that engages in a range of financial businesses in Japan, the United States, Europe, Asia/Oceania, and internationally. It operates through seven segments: Digital Service, Retail & Commercial Banking, Japanese Corporate & Investment Banking, Global Commercial Banking, Asset Management & Investor Services, Global Corporate & Investment Banking, and Global Markets.