Dorsey & Whitney Trust CO LLC Trims Stake in Mitsubishi UFJ Financial Group, Inc. $MUFG

Dorsey & Whitney Trust CO LLC cut its stake in Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG) by 20.7% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 51,234 shares of the company’s stock after selling 13,356 shares during the quarter. Dorsey & Whitney Trust CO LLC’s holdings in Mitsubishi UFJ Financial Group were worth $703,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in MUFG. Intrust Bank NA lifted its stake in shares of Mitsubishi UFJ Financial Group by 10.8% in the 2nd quarter. Intrust Bank NA now owns 106,712 shares of the company’s stock valued at $1,464,000 after purchasing an additional 10,407 shares during the period. Kingsview Wealth Management LLC raised its position in shares of Mitsubishi UFJ Financial Group by 6.9% in the second quarter. Kingsview Wealth Management LLC now owns 14,493 shares of the company’s stock worth $199,000 after acquiring an additional 930 shares during the period. Avantax Advisory Services Inc. boosted its stake in shares of Mitsubishi UFJ Financial Group by 4.6% during the 2nd quarter. Avantax Advisory Services Inc. now owns 189,693 shares of the company’s stock worth $2,603,000 after acquiring an additional 8,417 shares in the last quarter. Cetera Investment Advisers grew its position in shares of Mitsubishi UFJ Financial Group by 2.4% during the 2nd quarter. Cetera Investment Advisers now owns 145,345 shares of the company’s stock valued at $1,994,000 after acquiring an additional 3,361 shares during the period. Finally, ABN Amro Investment Solutions purchased a new position in shares of Mitsubishi UFJ Financial Group in the 2nd quarter valued at about $6,201,000. Institutional investors and hedge funds own 13.59% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. Zacks Research raised Mitsubishi UFJ Financial Group from a “hold” rating to a “strong-buy” rating in a report on Tuesday, August 26th. Weiss Ratings reissued a “hold (c)” rating on shares of Mitsubishi UFJ Financial Group in a research note on Wednesday, October 8th. Finally, Wall Street Zen raised shares of Mitsubishi UFJ Financial Group from a “sell” rating to a “hold” rating in a report on Saturday, August 9th. One investment analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Buy”.

Mitsubishi UFJ Financial Group Stock Performance

Shares of NYSE:MUFG opened at $15.18 on Wednesday. The company has a debt-to-equity ratio of 1.86, a current ratio of 0.89 and a quick ratio of 0.89. Mitsubishi UFJ Financial Group, Inc. has a 1 year low of $10.46 and a 1 year high of $16.24. The firm has a market capitalization of $183.13 billion, a PE ratio of 14.05, a P/E/G ratio of 1.09 and a beta of 0.37. The business’s 50 day moving average price is $15.38 and its 200-day moving average price is $14.52.

Mitsubishi UFJ Financial Group (NYSE:MUFG) last announced its quarterly earnings data on Friday, November 14th. The company reported $0.44 earnings per share for the quarter, beating analysts’ consensus estimates of $0.34 by $0.10. Mitsubishi UFJ Financial Group had a return on equity of 9.35% and a net margin of 13.95%.The company had revenue of $23.61 billion for the quarter, compared to analyst estimates of $9.19 billion. As a group, equities research analysts expect that Mitsubishi UFJ Financial Group, Inc. will post 0.99 earnings per share for the current fiscal year.

Mitsubishi UFJ Financial Group Company Profile

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.