Mitsubishi UFJ Financial Group Inc (MTU) Shares Sold by Wells Fargo & Company MN

Wells Fargo & Company MN decreased its stake in Mitsubishi UFJ Financial Group Inc (NYSE:MTU) by 64.9% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 47,257 shares of the bank’s stock after selling 87,552 shares during the period. Wells Fargo & Company MN’s holdings in Mitsubishi UFJ Financial Group were worth $299,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Greenleaf Trust acquired a new position in Mitsubishi UFJ Financial Group during the first quarter worth $476,000. BB&T Corp raised its position in Mitsubishi UFJ Financial Group by 949.7% in the first quarter. BB&T Corp now owns 145,234 shares of the bank’s stock worth $921,000 after buying an additional 131,398 shares during the period. Capital Insight Partners LLC acquired a new position in Mitsubishi UFJ Financial Group during the first quarter worth $1,302,000. Wetherby Asset Management Inc. raised its position in Mitsubishi UFJ Financial Group by 6.0% in the first quarter. Wetherby Asset Management Inc. now owns 165,414 shares of the bank’s stock worth $1,049,000 after buying an additional 9,300 shares during the period. Finally, Conning Inc. acquired a new position in Mitsubishi UFJ Financial Group during the first quarter worth $281,000. 1.02% of the stock is currently owned by institutional investors and hedge funds.

Shares of Mitsubishi UFJ Financial Group Inc (NYSE MTU) opened at 6.41 on Tuesday. Mitsubishi UFJ Financial Group Inc has a one year low of $4.60 and a one year high of $7.01. The stock has a 50 day moving average of $6.44 and a 200 day moving average of $6.44. The stock has a market cap of $86.29 billion, a P/E ratio of 10.56 and a beta of 1.60.

Mitsubishi UFJ Financial Group (NYSE:MTU) last announced its quarterly earnings results on Monday, May 15th. The bank reported $0.09 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.12 by $0.03. The firm had revenue of $14.60 billion during the quarter. Mitsubishi UFJ Financial Group had a return on equity of 5.95% and a net margin of 15.66%. On average, analysts forecast that Mitsubishi UFJ Financial Group Inc will post $0.55 EPS for the current year.

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A number of research analysts have weighed in on the stock. Zacks Investment Research raised shares of Mitsubishi UFJ Financial Group from a “hold” rating to a “buy” rating and set a $7.50 price objective on the stock in a research note on Tuesday, July 4th. BidaskClub raised shares of Mitsubishi UFJ Financial Group from a “sell” rating to a “hold” rating in a research note on Saturday, July 1st. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $7.50.

About Mitsubishi UFJ Financial Group

Mitsubishi UFJ Financial Group, Inc (MUFJ) is a bank holding company. The Company’s segments include Integrated Retail Banking Business Group, Integrated Corporate Banking Business Group, Integrated Trust Assets Business Group, Integrated Global Business Group and Krungsri. The Company’s services include commercial banking, trust banking, securities, credit cards, consumer finance, asset management, leasing and various fields of financial services.

Institutional Ownership by Quarter for Mitsubishi UFJ Financial Group (NYSE:MTU)

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