RNC Capital Management LLC Reduces Holdings in Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG)

RNC Capital Management LLC reduced its holdings in shares of Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG) by 4.3% in the fourth quarter, HoldingsChannel reports. The fund owned 42,540 shares of the company’s stock after selling 1,900 shares during the period. RNC Capital Management LLC’s holdings in Mitsubishi UFJ Financial Group were worth $499,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. Adero Partners LLC lifted its position in Mitsubishi UFJ Financial Group by 31.8% during the 4th quarter. Adero Partners LLC now owns 16,045 shares of the company’s stock valued at $188,000 after acquiring an additional 3,873 shares during the period. Bleakley Financial Group LLC lifted its position in Mitsubishi UFJ Financial Group by 16.5% during the 4th quarter. Bleakley Financial Group LLC now owns 29,851 shares of the company’s stock valued at $350,000 after acquiring an additional 4,238 shares during the period. Choreo LLC increased its stake in Mitsubishi UFJ Financial Group by 21.3% during the 4th quarter. Choreo LLC now owns 76,344 shares of the company’s stock valued at $896,000 after purchasing an additional 13,393 shares in the last quarter. Stratos Wealth Partners LTD. increased its stake in Mitsubishi UFJ Financial Group by 7.7% during the 4th quarter. Stratos Wealth Partners LTD. now owns 16,700 shares of the company’s stock valued at $196,000 after purchasing an additional 1,192 shares in the last quarter. Finally, Calamos Wealth Management LLC increased its stake in Mitsubishi UFJ Financial Group by 1.4% during the 4th quarter. Calamos Wealth Management LLC now owns 109,298 shares of the company’s stock valued at $1,281,000 after purchasing an additional 1,535 shares in the last quarter. 13.59% of the stock is owned by hedge funds and other institutional investors.

Mitsubishi UFJ Financial Group Stock Performance

Shares of MUFG stock opened at $12.66 on Friday. The company has a 50 day moving average price of $12.02 and a 200-day moving average price of $11.12. Mitsubishi UFJ Financial Group, Inc. has a 52 week low of $8.75 and a 52 week high of $12.96. The firm has a market capitalization of $152.72 billion, a PE ratio of 12.41, a P/E/G ratio of 1.12 and a beta of 0.61. The company has a quick ratio of 0.92, a current ratio of 0.91 and a debt-to-equity ratio of 2.04.

Mitsubishi UFJ Financial Group (NYSE:MUFG) last announced its quarterly earnings results on Tuesday, February 4th. The company reported $0.28 EPS for the quarter, topping analysts’ consensus estimates of $0.19 by $0.09. Mitsubishi UFJ Financial Group had a net margin of 13.89% and a return on equity of 8.86%. As a group, equities research analysts expect that Mitsubishi UFJ Financial Group, Inc. will post 0.99 earnings per share for the current year.

Analyst Upgrades and Downgrades

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

Mitsubishi UFJ Financial Group 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.