Moran Wealth Management LLC Reduces Stock Position in Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG)

Moran Wealth Management LLC lessened its holdings in shares of Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG) by 2.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 362,548 shares of the company’s stock after selling 7,432 shares during the quarter. Moran Wealth Management LLC’s holdings in Mitsubishi UFJ Financial Group were worth $4,249,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also modified their holdings of the company. Barclays PLC bought a new stake in shares of Mitsubishi UFJ Financial Group in the 3rd quarter worth about $752,000. Fisher Asset Management LLC lifted its position in shares of Mitsubishi UFJ Financial Group by 15.7% in the 3rd quarter. Fisher Asset Management LLC now owns 7,853,310 shares of the company’s stock worth $79,947,000 after purchasing an additional 1,067,409 shares during the period. Crossmark Global Holdings Inc. raised its stake in shares of Mitsubishi UFJ Financial Group by 23.4% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 866,032 shares of the company’s stock worth $8,816,000 after acquiring an additional 164,206 shares in the last quarter. Custom Index Systems LLC acquired a new position in Mitsubishi UFJ Financial Group during the 4th quarter valued at approximately $281,000. Finally, Synovus Financial Corp increased its stake in Mitsubishi UFJ Financial Group by 24.4% during the 3rd quarter. Synovus Financial Corp now owns 301,550 shares of the company’s stock valued at $3,070,000 after purchasing an additional 59,053 shares in the last quarter. Hedge funds and other institutional investors own 13.59% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com raised shares of Mitsubishi UFJ Financial Group from a “sell” rating to a “hold” rating in a report on Wednesday, March 5th.

Mitsubishi UFJ Financial Group Price Performance

Mitsubishi UFJ Financial Group stock opened at $12.74 on Tuesday. Mitsubishi UFJ Financial Group, Inc. has a 12-month low of $8.75 and a 12-month high of $13.34. The stock has a market cap of $153.68 billion, a P/E ratio of 11.68, a PEG ratio of 1.16 and a beta of 0.60. The company has a 50-day moving average price of $12.46 and a 200 day moving average price of $11.51. 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 announced its quarterly earnings results on Tuesday, February 4th. The company reported $0.28 earnings per share for the quarter, beating analysts’ consensus estimates of $0.19 by $0.09. Mitsubishi UFJ Financial Group had a net margin of 14.19% and a return on equity of 9.27%. Sell-side analysts anticipate that Mitsubishi UFJ Financial Group, Inc. will post 0.99 earnings per share for the current year.

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.