Mitsubishi UFJ Financial Group, Inc. $MUFG Stake Trimmed by Envestnet Portfolio Solutions Inc.

Envestnet Portfolio Solutions Inc. cut its position in shares of Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG) by 8.0% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 56,227 shares of the company’s stock after selling 4,913 shares during the quarter. Envestnet Portfolio Solutions Inc.’s holdings in Mitsubishi UFJ Financial Group were worth $771,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in the company. Sequoia Financial Advisors LLC raised its holdings in shares of Mitsubishi UFJ Financial Group by 9.8% during the second quarter. Sequoia Financial Advisors LLC now owns 52,863 shares of the company’s stock valued at $725,000 after acquiring an additional 4,733 shares during the period. Yousif Capital Management LLC grew its position in Mitsubishi UFJ Financial Group by 1.9% during the 2nd quarter. Yousif Capital Management LLC now owns 138,975 shares of the company’s stock worth $1,907,000 after purchasing an additional 2,608 shares in the last quarter. Allspring Global Investments Holdings LLC raised its stake in Mitsubishi UFJ Financial Group by 1.0% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 89,034 shares of the company’s stock valued at $1,228,000 after purchasing an additional 854 shares during the period. LRI Investments LLC lifted its holdings in shares of Mitsubishi UFJ Financial Group by 14.4% in the second quarter. LRI Investments LLC now owns 9,677 shares of the company’s stock valued at $133,000 after purchasing an additional 1,218 shares in the last quarter. Finally, Vanguard Personalized Indexing Management LLC boosted its position in shares of Mitsubishi UFJ Financial Group by 6.3% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 483,620 shares of the company’s stock worth $6,635,000 after buying an additional 28,711 shares during the period. 13.59% of the stock is owned by hedge funds and other institutional investors.

Mitsubishi UFJ Financial Group Stock Down 0.7%

Shares of Mitsubishi UFJ Financial Group stock opened at $15.01 on Monday. The firm has a market cap of $181.10 billion, a price-to-earnings ratio of 13.90, a P/E/G ratio of 1.09 and a beta of 0.38. The stock has a 50-day simple moving average of $15.45 and a 200-day simple moving average of $13.98. Mitsubishi UFJ Financial Group, Inc. has a 52-week low of $10.15 and a 52-week high of $16.24. The company has a debt-to-equity ratio of 1.86, a current ratio of 0.89 and a quick ratio of 0.89.

Mitsubishi UFJ Financial Group (NYSE:MUFG) last issued its quarterly earnings data on Monday, August 4th. The company reported $0.32 earnings per share for the quarter, beating the consensus estimate of $0.29 by $0.03. Mitsubishi UFJ Financial Group had a net margin of 13.95% and a return on equity of 9.35%. The firm had revenue of $22.10 billion for the quarter, compared to analyst estimates of $9.86 billion. On average, equities research analysts expect that Mitsubishi UFJ Financial Group, Inc. will post 0.99 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the company. Zacks Research raised Mitsubishi UFJ Financial Group from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, August 26th. Wall Street Zen raised shares of Mitsubishi UFJ Financial Group from a “sell” rating to a “hold” rating in a research report on Saturday, August 9th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Mitsubishi UFJ Financial Group in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy”.

Mitsubishi UFJ Financial Group Company 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.