Todd Asset Management LLC Cuts Stock Holdings in Mitsubishi UFJ Financial Group, Inc. $MUFG

Todd Asset Management LLC trimmed its position in shares of Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG) by 1.4% during the fourth quarter, Holdings Channel.com reports. The fund owned 4,053,197 shares of the company’s stock after selling 56,735 shares during the quarter. Mitsubishi UFJ Financial Group comprises 1.3% of Todd Asset Management LLC’s portfolio, making the stock its 21st biggest holding. Todd Asset Management LLC’s holdings in Mitsubishi UFJ Financial Group were worth $64,284,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the company. EverSource Wealth Advisors LLC boosted its holdings in Mitsubishi UFJ Financial Group by 2.6% during the 4th quarter. EverSource Wealth Advisors LLC now owns 34,679 shares of the company’s stock worth $550,000 after acquiring an additional 878 shares during the last quarter. Evoke Wealth LLC boosted its holdings in Mitsubishi UFJ Financial Group by 12.1% during the 4th quarter. Evoke Wealth LLC now owns 12,892 shares of the company’s stock worth $204,000 after acquiring an additional 1,390 shares during the last quarter. Axxcess Wealth Management LLC purchased a new position in Mitsubishi UFJ Financial Group during the 4th quarter worth $161,000. Global Retirement Partners LLC boosted its holdings in Mitsubishi UFJ Financial Group by 688.3% during the 4th quarter. Global Retirement Partners LLC now owns 56,217 shares of the company’s stock worth $892,000 after acquiring an additional 49,086 shares during the last quarter. Finally, Intrust Bank NA boosted its holdings in Mitsubishi UFJ Financial Group by 2.5% during the 4th quarter. Intrust Bank NA now owns 110,884 shares of the company’s stock worth $1,759,000 after acquiring an additional 2,719 shares during the last quarter. 13.59% of the stock is owned by hedge funds and other institutional investors.

Mitsubishi UFJ Financial Group Stock Performance

Shares of NYSE:MUFG opened at $19.40 on Monday. The company’s 50-day moving average is $17.74 and its 200 day moving average is $17.26. The company has a market capitalization of $230.28 billion, a P/E ratio of 13.76, a price-to-earnings-growth ratio of 0.79 and a beta of 0.40. Mitsubishi UFJ Financial Group, Inc. has a fifty-two week low of $13.19 and a fifty-two week high of $20.15.

Mitsubishi UFJ Financial Group (NYSE:MUFG) last issued its quarterly earnings results on Thursday, May 21st. The company reported $0.33 earnings per share for the quarter, topping analysts’ consensus estimates of $0.20 by $0.13. The company had revenue of $15.36 billion for the quarter, compared to the consensus estimate of $9.34 billion. Mitsubishi UFJ Financial Group had a net margin of 16.65% and a return on equity of 11.07%. As a group, research analysts predict that Mitsubishi UFJ Financial Group, Inc. will post 1.42 earnings per share for the current year.

Analyst Ratings Changes

Separately, Weiss Ratings raised shares of Mitsubishi UFJ Financial Group from a “hold (c)” rating to a “buy (b-)” rating in a report on Thursday, February 5th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Buy”.

Mitsubishi UFJ Financial Group Company Profile

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.