Ritholtz Wealth Management Reduces Holdings in Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG)

Ritholtz Wealth Management cut its stake in Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG) by 10.3% in the first quarter, Holdings Channel.com reports. The fund owned 197,228 shares of the company’s stock after selling 22,602 shares during the quarter. Ritholtz Wealth Management’s holdings in Mitsubishi UFJ Financial Group were worth $2,688,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of MUFG. Northern Trust Corp grew its position in shares of Mitsubishi UFJ Financial Group by 46.6% during the fourth quarter. Northern Trust Corp now owns 10,522,079 shares of the company’s stock worth $123,319,000 after acquiring an additional 3,342,330 shares during the last quarter. Clearbridge Investments LLC boosted its stake in Mitsubishi UFJ Financial Group by 325.9% during the 4th quarter. Clearbridge Investments LLC now owns 3,822,530 shares of the company’s stock worth $44,800,000 after purchasing an additional 2,924,979 shares during the period. Raymond James Financial Inc. acquired a new stake in Mitsubishi UFJ Financial Group during the 4th quarter worth $29,252,000. Royal Bank of Canada grew its position in Mitsubishi UFJ Financial Group by 40.4% during the 4th quarter. Royal Bank of Canada now owns 6,021,271 shares of the company’s stock worth $70,570,000 after purchasing an additional 1,731,873 shares during the last quarter. Finally, Guardian Partners Inc. acquired a new position in Mitsubishi UFJ Financial Group in the fourth quarter valued at $7,069,000. Institutional investors and hedge funds own 13.59% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Wall Street Zen upgraded shares of Mitsubishi UFJ Financial Group from a “sell” rating to a “hold” rating in a research note on Saturday.

Mitsubishi UFJ Financial Group Stock Down 0.9%

Mitsubishi UFJ Financial Group stock opened at $13.60 on Monday. The stock has a 50 day moving average of $12.85 and a two-hundred day moving average of $12.64. Mitsubishi UFJ Financial Group, Inc. has a twelve month low of $8.75 and a twelve month high of $15.03. The stock has a market capitalization of $164.17 billion, a price-to-earnings ratio of 12.48, a PEG ratio of 1.16 and a beta of 0.42. 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 (NYSE:MUFG) last issued its quarterly earnings results on Thursday, May 15th. The company reported $0.13 earnings per share for the quarter, topping the consensus estimate of $0.03 by $0.10. Mitsubishi UFJ Financial Group had a return on equity of 9.27% and a net margin of 14.19%. The firm had revenue of $22.91 billion during the quarter, compared to the consensus estimate of $6.47 billion. As a group, research analysts expect that Mitsubishi UFJ Financial Group, Inc. will post 0.99 earnings per share for the current year.

About Mitsubishi UFJ Financial Group

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.