Philadelphia Financial Management of San Francisco LLC Sells 382,409 Shares of Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG)

Philadelphia Financial Management of San Francisco LLC decreased its stake in Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG) by 36.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 672,075 shares of the company’s stock after selling 382,409 shares during the period. Mitsubishi UFJ Financial Group comprises about 1.1% of Philadelphia Financial Management of San Francisco LLC’s holdings, making the stock its 28th largest holding. Philadelphia Financial Management of San Francisco LLC’s holdings in Mitsubishi UFJ Financial Group were worth $6,842,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of MUFG. Fisher Asset Management LLC increased its holdings in Mitsubishi UFJ Financial Group by 15.7% in the third quarter. Fisher Asset Management LLC now owns 7,853,310 shares of the company’s stock valued at $79,947,000 after purchasing an additional 1,067,409 shares during the period. Thornburg Investment Management Inc. grew its position in shares of Mitsubishi UFJ Financial Group by 154.2% in the 2nd quarter. Thornburg Investment Management Inc. now owns 1,105,928 shares of the company’s stock valued at $12,041,000 after buying an additional 670,787 shares during the last quarter. Natixis Advisors LLC increased its stake in shares of Mitsubishi UFJ Financial Group by 3.2% in the second quarter. Natixis Advisors LLC now owns 12,059,977 shares of the company’s stock valued at $130,248,000 after buying an additional 379,105 shares during the period. BNP Paribas Financial Markets raised its position in shares of Mitsubishi UFJ Financial Group by 140.9% during the third quarter. BNP Paribas Financial Markets now owns 514,746 shares of the company’s stock worth $5,240,000 after acquiring an additional 301,065 shares during the last quarter. Finally, Chevy Chase Trust Holdings LLC lifted its stake in shares of Mitsubishi UFJ Financial Group by 3.8% in the second quarter. Chevy Chase Trust Holdings LLC now owns 5,879,191 shares of the company’s stock worth $63,495,000 after acquiring an additional 217,799 shares during the period. Institutional investors own 13.59% of the company’s stock.

Mitsubishi UFJ Financial Group Stock Up 0.7 %

MUFG stock opened at $12.24 on Wednesday. The stock has a market cap of $142.63 billion, a P/E ratio of 12.00, a P/E/G ratio of 1.13 and a beta of 0.61. Mitsubishi UFJ Financial Group, Inc. has a 1-year low of $8.19 and a 1-year high of $12.31. The company has a current ratio of 0.91, a quick ratio of 0.92 and a debt-to-equity ratio of 2.04. The stock’s fifty day simple moving average is $10.95 and its two-hundred day simple moving average is $10.64.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded Mitsubishi UFJ Financial Group from a “sell” rating to a “hold” rating in a research note on Saturday, November 23rd.

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.