Flputnam Investment Management Co. Trims Holdings in Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG)

Flputnam Investment Management Co. cut its position in shares of Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG) by 16.8% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 15,865 shares of the company’s stock after selling 3,213 shares during the quarter. Flputnam Investment Management Co.’s holdings in Mitsubishi UFJ Financial Group were worth $137,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of MUFG. JPMorgan Chase & Co. boosted its position in Mitsubishi UFJ Financial Group by 6.8% during the first quarter. JPMorgan Chase & Co. now owns 53,020 shares of the company’s stock worth $328,000 after acquiring an additional 3,360 shares during the last quarter. Raymond James Financial Services Advisors Inc. purchased a new position in shares of Mitsubishi UFJ Financial Group during the 1st quarter worth $78,000. Bank of New York Mellon Corp boosted its holdings in shares of Mitsubishi UFJ Financial Group by 9.9% during the first quarter. Bank of New York Mellon Corp now owns 273,357 shares of the company’s stock worth $1,692,000 after purchasing an additional 24,602 shares during the last quarter. HighTower Advisors LLC grew its position in shares of Mitsubishi UFJ Financial Group by 2.8% in the first quarter. HighTower Advisors LLC now owns 79,795 shares of the company’s stock valued at $496,000 after purchasing an additional 2,152 shares during the period. Finally, Citigroup Inc. increased its stake in Mitsubishi UFJ Financial Group by 24.7% in the first quarter. Citigroup Inc. now owns 527,769 shares of the company’s stock valued at $3,267,000 after purchasing an additional 104,483 shares during the last quarter. Institutional investors and hedge funds own 13.59% of the company’s stock.

Mitsubishi UFJ Financial Group Trading Up 1.0 %

NYSE MUFG opened at $9.78 on Friday. The business’s 50-day moving average price is $10.12 and its 200 day moving average price is $9.14. Mitsubishi UFJ Financial Group, Inc. has a twelve month low of $5.99 and a twelve month high of $11.22. The company has a market capitalization of $120.66 billion, a PE ratio of 7.89, a price-to-earnings-growth ratio of 0.88 and a beta of 0.61.

Mitsubishi UFJ Financial Group (NYSE:MUFG) last released its earnings results on Monday, February 5th. The company reported $0.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.17 by $0.04. Mitsubishi UFJ Financial Group had a net margin of 19.14% and a return on equity of 7.78%. The business had revenue of $19.25 billion for the quarter. Equities analysts predict that Mitsubishi UFJ Financial Group, Inc. will post 0.79 EPS for the current year.

Mitsubishi UFJ Financial Group Profile

Mitsubishi UFJ Financial Group, Inc operates as the bank holding company for MUFG Bank, Ltd. that provides various financial services in Japan, the United States, Europe, Asia/Oceania, and internationally. It operates through Digital Service Business Group; Retail & Commercial Banking Business Group; Japanese Corporate & Investment Banking Business Group; Asset Management & Investor Services Business Group; Global Corporate & Investment Banking Business Group; Global Commercial Banking Business Group; and Global Markets Business Group segments.