Mitsubishi UFJ Financial Group, Inc. $MUFG Shares Sold by Royal Bank of Canada

Royal Bank of Canada lessened its stake in Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG) by 0.7% during the first quarter, Holdings Channel reports. The firm owned 5,980,392 shares of the company’s stock after selling 40,879 shares during the period. Royal Bank of Canada’s holdings in Mitsubishi UFJ Financial Group were worth $81,513,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Caitong International Asset Management Co. Ltd acquired a new position in shares of Mitsubishi UFJ Financial Group in the 1st quarter valued at $32,000. Nisa Investment Advisors LLC acquired a new position in shares of Mitsubishi UFJ Financial Group in the 1st quarter valued at $41,000. Financial Management Professionals Inc. raised its stake in shares of Mitsubishi UFJ Financial Group by 116.7% in the 1st quarter. Financial Management Professionals Inc. now owns 3,257 shares of the company’s stock valued at $44,000 after acquiring an additional 1,754 shares during the period. Olde Wealth Management LLC purchased a new position in shares of Mitsubishi UFJ Financial Group in the 1st quarter valued at $87,000. Finally, Cary Street Partners Financial LLC purchased a new position in shares of Mitsubishi UFJ Financial Group in the 4th quarter valued at $98,000. Institutional investors and hedge funds own 13.59% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently commented on MUFG. Wall Street Zen raised shares of Mitsubishi UFJ Financial Group from a “sell” rating to a “hold” rating in a research note on Saturday, August 9th. Zacks Research raised shares of Mitsubishi UFJ Financial Group from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, August 26th. One investment analyst has rated the stock with a Strong Buy rating, According to MarketBeat, the stock presently has a consensus rating of “Strong Buy”.

Mitsubishi UFJ Financial Group Stock Performance

Mitsubishi UFJ Financial Group stock opened at $14.99 on Thursday. Mitsubishi UFJ Financial Group, Inc. has a 12-month low of $9.85 and a 12-month high of $16.16. The company has a market capitalization of $180.92 billion, a price-to-earnings ratio of 13.88, a price-to-earnings-growth ratio of 1.40 and a beta of 0.39. The company has a debt-to-equity ratio of 1.86, a current ratio of 0.89 and a quick ratio of 0.89. The firm’s fifty day moving average price is $14.38 and its 200 day moving average price is $13.50.

Mitsubishi UFJ Financial Group (NYSE:MUFG) last released its quarterly earnings results on Monday, August 4th. The company reported $0.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.29 by $0.03. Mitsubishi UFJ Financial Group had a net margin of 13.95% and a return on equity of 9.35%. The firm had revenue of $22.10 billion for the quarter, compared to the consensus estimate of $9.86 billion. On average, research analysts forecast that Mitsubishi UFJ Financial Group, Inc. will post 0.99 EPS for the current fiscal year.

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.