Mitsubishi UFJ Financial Group, Inc. $MUFG Shares Sold by Thornburg Investment Management Inc.

Thornburg Investment Management Inc. cut its holdings in Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG) by 7.1% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 1,027,642 shares of the company’s stock after selling 78,975 shares during the period. Thornburg Investment Management Inc.’s holdings in Mitsubishi UFJ Financial Group were worth $16,298,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Fisher Asset Management LLC boosted its holdings in shares of Mitsubishi UFJ Financial Group by 2.0% in the 4th quarter. Fisher Asset Management LLC now owns 93,276,119 shares of the company’s stock valued at $1,479,359,000 after buying an additional 1,789,620 shares during the period. Goldman Sachs Group Inc. boosted its holdings in shares of Mitsubishi UFJ Financial Group by 0.8% in the 4th quarter. Goldman Sachs Group Inc. now owns 14,011,482 shares of the company’s stock valued at $222,222,000 after buying an additional 104,327 shares during the period. Natixis Advisors LLC boosted its holdings in shares of Mitsubishi UFJ Financial Group by 14.9% in the 3rd quarter. Natixis Advisors LLC now owns 13,240,940 shares of the company’s stock valued at $211,061,000 after buying an additional 1,718,759 shares during the period. Northern Trust Corp boosted its holdings in shares of Mitsubishi UFJ Financial Group by 1.9% in the 3rd quarter. Northern Trust Corp now owns 11,397,833 shares of the company’s stock valued at $181,681,000 after buying an additional 211,265 shares during the period. Finally, Clearbridge Investments LLC boosted its holdings in shares of Mitsubishi UFJ Financial Group by 20.0% in the 4th quarter. Clearbridge Investments LLC now owns 6,730,203 shares of the company’s stock valued at $106,741,000 after buying an additional 1,121,241 shares during the period. 13.59% of the stock is owned by institutional investors and hedge funds.

Mitsubishi UFJ Financial Group Trading Down 0.2%

MUFG stock opened at $20.13 on Monday. Mitsubishi UFJ Financial Group, Inc. has a 52 week low of $13.19 and a 52 week high of $20.23. The company has a market capitalization of $238.84 billion, a price-to-earnings ratio of 14.27, a price-to-earnings-growth ratio of 0.82 and a beta of 0.40. The firm’s 50-day moving average is $18.58 and its two-hundred day moving average is $17.71.

Mitsubishi UFJ Financial Group (NYSE:MUFG) last released its quarterly earnings results on Saturday, May 16th. The company reported $0.33 EPS for the quarter, topping analysts’ consensus estimates of $0.20 by $0.13. Mitsubishi UFJ Financial Group had a net margin of 16.65% and a return on equity of 11.07%. The company had revenue of $15.36 billion for the quarter, compared to the consensus estimate of $9.34 billion. On average, equities research analysts predict that Mitsubishi UFJ Financial Group, Inc. will post 1.41 earnings per share for the current year.

Analyst Ratings Changes

Separately, Weiss Ratings lowered shares of Mitsubishi UFJ Financial Group from a “buy (b)” rating to a “buy (b-)” rating in a research note on Tuesday, May 26th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus 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.