Huntington National Bank Decreases Stake in Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG)

Huntington National Bank lessened its stake in shares of Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG) by 20.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 11,966 shares of the company’s stock after selling 3,138 shares during the quarter. Huntington National Bank’s holdings in Mitsubishi UFJ Financial Group were worth $140,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Whipplewood Advisors LLC bought a new stake in Mitsubishi UFJ Financial Group in the 4th quarter worth $29,000. Wilmington Savings Fund Society FSB bought a new stake in shares of Mitsubishi UFJ Financial Group in the third quarter worth about $55,000. Steward Partners Investment Advisory LLC increased its holdings in Mitsubishi UFJ Financial Group by 33.9% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 5,056 shares of the company’s stock valued at $59,000 after purchasing an additional 1,279 shares during the period. Sierra Ocean LLC bought a new position in Mitsubishi UFJ Financial Group during the 4th quarter valued at approximately $62,000. Finally, Versant Capital Management Inc bought a new position in Mitsubishi UFJ Financial Group during the 4th quarter valued at approximately $71,000. Institutional investors own 13.59% of the company’s stock.

Mitsubishi UFJ Financial Group Trading Down 8.7 %

NYSE:MUFG opened at $11.05 on Friday. The company has a 50-day moving average price of $13.10 and a 200-day moving average price of $11.93. The stock has a market cap of $133.29 billion, a price-to-earnings ratio of 10.13, a P/E/G ratio of 1.16 and a beta of 0.39. The company has a current ratio of 0.90, a quick ratio of 0.92 and a debt-to-equity ratio of 2.06. Mitsubishi UFJ Financial Group, Inc. has a 12 month low of $8.75 and a 12 month high of $15.03.

Mitsubishi UFJ Financial Group (NYSE:MUFG) last posted its quarterly earnings data on Tuesday, February 4th. The company reported $0.28 earnings per share for the quarter, beating the consensus estimate of $0.19 by $0.09. Mitsubishi UFJ Financial Group had a return on equity of 9.27% and a net margin of 14.19%. Equities analysts predict that Mitsubishi UFJ Financial Group, Inc. will post 0.99 EPS for the current year.

Wall Street Analyst Weigh In

Separately, StockNews.com raised Mitsubishi UFJ Financial Group from a “sell” rating to a “hold” rating in a research note on Tuesday, April 1st.

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.