Mitsubishi UFJ Financial Group Inc (MUFG) Holding Cut by Raymond James & Associates

Mitsubishi UFJ Financial Group Inc (MUFG) Holding Cut by Raymond James & Associates

Raymond James & Associates trimmed its holdings in shares of Mitsubishi UFJ Financial Group Inc (NYSE:MUFG) by 11.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,012,159 shares of the company’s stock after selling 133,557 shares during the period. Raymond James & Associates’ holdings in Mitsubishi UFJ Financial Group were worth $4,929,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also bought and sold shares of the company. Reliance Trust Co. of Delaware increased its position in Mitsubishi UFJ Financial Group by 15.2% in the 4th quarter. Reliance Trust Co. of Delaware now owns 19,207 shares of the company’s stock worth $94,000 after purchasing an additional 2,533 shares during the last quarter. Moody National Bank Trust Division increased its position in Mitsubishi UFJ Financial Group by 1.1% in the 4th quarter. Moody National Bank Trust Division now owns 249,318 shares of the company’s stock worth $1,214,000 after purchasing an additional 2,768 shares during the last quarter. SG Americas Securities LLC increased its holdings in shares of Mitsubishi UFJ Financial Group by 13.0% during the 4th quarter. SG Americas Securities LLC now owns 26,121 shares of the company’s stock valued at $127,000 after acquiring an additional 3,000 shares during the last quarter. Comerica Securities Inc. increased its holdings in shares of Mitsubishi UFJ Financial Group by 14.2% during the 4th quarter. Comerica Securities Inc. now owns 45,983 shares of the company’s stock valued at $224,000 after acquiring an additional 5,706 shares during the last quarter. Finally, Private Capital Group LLC increased its holdings in shares of Mitsubishi UFJ Financial Group by 53.0% during the 4th quarter. Private Capital Group LLC now owns 16,766 shares of the company’s stock valued at $82,000 after acquiring an additional 5,811 shares during the last quarter. 1.08% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NYSE MUFG traded up $0.08 during mid-day trading on Tuesday, reaching $5.29. 1,400 shares of the company traded hands, compared to its average volume of 1,566,979. The company has a debt-to-equity ratio of 2.20, a quick ratio of 0.96 and a current ratio of 0.93. The firm has a market cap of $69.34 billion, a price-to-earnings ratio of 7.46, a P/E/G ratio of 1.79 and a beta of 1.44. Mitsubishi UFJ Financial Group Inc has a fifty-two week low of $4.64 and a fifty-two week high of $7.44.

Mitsubishi UFJ Financial Group (NYSE:MUFG) last issued its quarterly earnings data on Monday, February 4th. The company reported $0.16 EPS for the quarter. The business had revenue of $14.61 billion for the quarter. Mitsubishi UFJ Financial Group had a return on equity of 6.30% and a net margin of 15.31%. As a group, equities research analysts forecast that Mitsubishi UFJ Financial Group Inc will post 0.67 earnings per share for the current year.

A number of research analysts have recently commented on MUFG shares. Citigroup started coverage on Mitsubishi UFJ Financial Group in a report on Tuesday, November 13th. They set a “buy” rating on the stock. Zacks Investment Research reissued a “hold” rating on shares of Mitsubishi UFJ Financial Group in a report on Wednesday, November 14th. Two analysts have rated the stock with a sell rating and three have assigned a buy rating to the company’s stock. Mitsubishi UFJ Financial Group has a consensus rating of “Hold” and an average price target of $7.50.

About Mitsubishi UFJ Financial Group

Mitsubishi UFJ Financial Group, Inc, a bank holding company, provides financial services in Japan and internationally. Its Retail Banking Business Group segment offers a range of products and services, such as bank deposits, loans, asset management and administration services, investment products, and settlement services.

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