Bleakley Financial Group LLC Lowers Stake in Mitsubishi UFJ Financial Group, Inc. $MUFG

Bleakley Financial Group LLC lowered its stake in shares of Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG) by 3.3% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 30,730 shares of the company’s stock after selling 1,044 shares during the period. Bleakley Financial Group LLC’s holdings in Mitsubishi UFJ Financial Group were worth $422,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the stock. Goldman Sachs Group Inc. boosted its position in Mitsubishi UFJ Financial Group by 2.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 12,652,332 shares of the company’s stock valued at $172,451,000 after buying an additional 288,583 shares during the period. Northern Trust Corp boosted its position in Mitsubishi UFJ Financial Group by 8.4% in the 1st quarter. Northern Trust Corp now owns 11,407,268 shares of the company’s stock valued at $155,481,000 after buying an additional 885,189 shares during the period. Natixis Advisors LLC boosted its position in Mitsubishi UFJ Financial Group by 9.2% in the 1st quarter. Natixis Advisors LLC now owns 10,756,565 shares of the company’s stock valued at $146,612,000 after buying an additional 905,674 shares during the period. Envestnet Asset Management Inc. boosted its position in Mitsubishi UFJ Financial Group by 0.3% in the 1st quarter. Envestnet Asset Management Inc. now owns 4,820,099 shares of the company’s stock valued at $65,698,000 after buying an additional 13,167 shares during the period. Finally, Raymond James Financial Inc. boosted its position in Mitsubishi UFJ Financial Group by 11.3% in the 1st quarter. Raymond James Financial Inc. now owns 2,778,517 shares of the company’s stock valued at $37,871,000 after buying an additional 282,644 shares during the period. Hedge funds and other institutional investors own 13.59% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on MUFG shares. Wall Street Zen raised shares of Mitsubishi UFJ Financial Group from a “sell” rating to a “hold” rating in a research report on Saturday, August 9th. Weiss Ratings reissued a “hold (c)” rating on shares of Mitsubishi UFJ Financial Group in a research report on Saturday. Finally, Zacks Research upgraded shares of Mitsubishi UFJ Financial Group from a “hold” rating to a “strong-buy” rating in a report on Tuesday, August 26th. One investment analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy”.

Mitsubishi UFJ Financial Group Price Performance

Shares of MUFG opened at $14.77 on Monday. Mitsubishi UFJ Financial Group, Inc. has a twelve month low of $10.20 and a twelve month high of $16.24. The firm’s fifty day simple moving average is $15.44 and its 200-day simple moving average is $14.12. The firm has a market capitalization of $178.18 billion, a price-to-earnings ratio of 13.67, a PEG ratio of 1.08 and a beta of 0.38. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 1.86.

Mitsubishi UFJ Financial Group (NYSE:MUFG) last announced its quarterly earnings data on Monday, August 4th. The company reported $0.32 earnings per share for the quarter, beating analysts’ consensus estimates of $0.29 by $0.03. Mitsubishi UFJ Financial Group had a net margin of 13.95% and a return on equity of 9.35%. The business had revenue of $22.10 billion for the quarter, compared to analyst estimates of $9.86 billion. Equities analysts forecast that Mitsubishi UFJ Financial Group, Inc. will post 0.99 EPS for the current fiscal 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.