Te Ahumairangi Investment Management Ltd Sells 39,063 Shares of Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG)

Te Ahumairangi Investment Management Ltd decreased its position in shares of Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG) by 52.4% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 35,454 shares of the company’s stock after selling 39,063 shares during the period. Te Ahumairangi Investment Management Ltd’s holdings in Mitsubishi UFJ Financial Group were worth $416,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Natixis Advisors LLC boosted its stake in Mitsubishi UFJ Financial Group by 5.4% during the 4th quarter. Natixis Advisors LLC now owns 9,850,891 shares of the company’s stock valued at $115,452,000 after purchasing an additional 507,578 shares during the last quarter. Chevy Chase Trust Holdings LLC raised its stake in shares of Mitsubishi UFJ Financial Group by 4.2% in the fourth quarter. Chevy Chase Trust Holdings LLC now owns 5,950,256 shares of the company’s stock worth $69,737,000 after purchasing an additional 241,685 shares during the last quarter. Sei Investments Co. lifted its holdings in shares of Mitsubishi UFJ Financial Group by 1.6% during the fourth quarter. Sei Investments Co. now owns 4,092,847 shares of the company’s stock valued at $47,968,000 after purchasing an additional 64,808 shares in the last quarter. Todd Asset Management LLC boosted its position in shares of Mitsubishi UFJ Financial Group by 0.6% during the fourth quarter. Todd Asset Management LLC now owns 4,069,663 shares of the company’s stock valued at $47,696,000 after buying an additional 24,038 shares during the last quarter. Finally, Clearbridge Investments LLC increased its holdings in Mitsubishi UFJ Financial Group by 325.9% in the 4th quarter. Clearbridge Investments LLC now owns 3,822,530 shares of the company’s stock worth $44,800,000 after buying an additional 2,924,979 shares in the last quarter. Institutional investors own 13.59% of the company’s stock.

Wall Street Analyst Weigh In

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

Mitsubishi UFJ Financial Group Stock Down 2.4 %

Shares of Mitsubishi UFJ Financial Group stock opened at $13.31 on Wednesday. Mitsubishi UFJ Financial Group, Inc. has a twelve month low of $8.75 and a twelve month high of $15.03. The company has a quick ratio of 0.92, a current ratio of 0.90 and a debt-to-equity ratio of 2.06. The company’s 50 day moving average is $13.10 and its 200 day moving average is $11.91. The company has a market cap of $160.56 billion, a price-to-earnings ratio of 12.21, a price-to-earnings-growth ratio of 1.16 and a beta of 0.60.

Mitsubishi UFJ Financial Group (NYSE:MUFG) last released its quarterly earnings results on Tuesday, February 4th. The company reported $0.28 earnings per share for the quarter, beating the consensus estimate of $0.19 by $0.09. Mitsubishi UFJ Financial Group had a return on equity of 9.27% and a net margin of 14.19%. Research analysts anticipate that Mitsubishi UFJ Financial Group, Inc. will post 0.99 EPS for the current 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.