Wrapmanager Inc. Trims Holdings in Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG)

Wrapmanager Inc. decreased its holdings in shares of Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG) by 16.8% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 22,315 shares of the company’s stock after selling 4,518 shares during the period. Wrapmanager Inc.’s holdings in Mitsubishi UFJ Financial Group were worth $227,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the business. Natixis Advisors LLC grew 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 worth $130,248,000 after acquiring an additional 379,105 shares during the last quarter. Chevy Chase Trust Holdings LLC lifted its position in Mitsubishi UFJ Financial Group by 3.8% in the 2nd quarter. Chevy Chase Trust Holdings LLC now owns 5,879,191 shares of the company’s stock valued at $63,495,000 after acquiring an additional 217,799 shares in the last quarter. Envestnet Asset Management Inc. boosted its stake in Mitsubishi UFJ Financial Group by 3.2% during the 2nd quarter. Envestnet Asset Management Inc. now owns 4,440,510 shares of the company’s stock valued at $47,958,000 after purchasing an additional 135,773 shares during the last quarter. Sei Investments Co. boosted its position in shares of Mitsubishi UFJ Financial Group by 6.4% during the second quarter. Sei Investments Co. now owns 3,250,210 shares of the company’s stock valued at $35,102,000 after buying an additional 195,882 shares during the last quarter. Finally, Raymond James & Associates boosted its position in shares of Mitsubishi UFJ Financial Group by 4.3% during the second quarter. Raymond James & Associates now owns 2,525,821 shares of the company’s stock valued at $27,279,000 after buying an additional 104,256 shares during the last quarter. 13.59% of the stock is currently owned by hedge funds and other institutional investors.

Mitsubishi UFJ Financial Group Stock Performance

Shares of MUFG opened at $11.86 on Wednesday. The firm has a market capitalization of $138.20 billion, a P/E ratio of 11.62, a PEG ratio of 1.08 and a beta of 0.59. The company has a debt-to-equity ratio of 2.04, a current ratio of 0.91 and a quick ratio of 0.92. The business has a fifty day moving average of $10.66 and a 200 day moving average of $10.53. Mitsubishi UFJ Financial Group, Inc. has a one year low of $8.19 and a one year high of $12.11.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered shares of Mitsubishi UFJ Financial Group from a “hold” rating to a “sell” rating in a research note on Friday, November 15th.

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.