Moran Wealth Management LLC Decreases Stake in Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG)

Moran Wealth Management LLC cut its holdings in Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG) by 2.0% during the 4th quarter, Holdings Channel.com reports. The institutional investor 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 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in MUFG. Fisher Asset Management LLC increased its stake in shares of Mitsubishi UFJ Financial Group by 15.7% during the 3rd quarter. Fisher Asset Management LLC now owns 7,853,310 shares of the company’s stock valued at $79,947,000 after acquiring an additional 1,067,409 shares during the last quarter. Chevy Chase Trust Holdings LLC boosted its stake in shares of Mitsubishi UFJ Financial Group by 4.2% during the 4th quarter. Chevy Chase Trust Holdings LLC now owns 5,950,256 shares of the company’s stock valued at $69,737,000 after buying an additional 241,685 shares during the last quarter. Todd Asset Management LLC boosted its stake in shares of Mitsubishi UFJ Financial Group by 0.6% during the 4th 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. Raymond James Financial Inc. bought a new position in Mitsubishi UFJ Financial Group during the fourth quarter worth $29,252,000. Finally, Bank of New York Mellon Corp lifted its stake in Mitsubishi UFJ Financial Group by 17.7% during the fourth quarter. Bank of New York Mellon Corp now owns 1,090,733 shares of the company’s stock worth $12,783,000 after purchasing an additional 164,011 shares during the last quarter. 13.59% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

Mitsubishi UFJ Financial Group Price Performance

NYSE:MUFG opened at $12.74 on Tuesday. The business’s 50-day moving average price is $12.46 and its 200 day moving average price is $11.51. The firm 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. Mitsubishi UFJ Financial Group, Inc. has a 52-week low of $8.75 and a 52-week high of $13.34. The company has a quick ratio of 0.92, a current ratio of 0.90 and a debt-to-equity ratio of 2.06.

Mitsubishi UFJ Financial Group (NYSE:MUFG) last announced its earnings results on Tuesday, February 4th. The company reported $0.28 EPS for the quarter, topping the consensus estimate 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%. As a group, sell-side analysts predict that Mitsubishi UFJ Financial Group, Inc. will post 0.99 earnings per share for the current fiscal 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.