Mitsubishi UFJ Financial Group, Inc. $MUFG Stock Holdings Lowered by Thornburg Investment Management Inc.

Thornburg Investment Management Inc. reduced its holdings in Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG) by 7.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,027,642 shares of the company’s stock after selling 78,975 shares during the quarter. Thornburg Investment Management Inc.’s holdings in Mitsubishi UFJ Financial Group were worth $16,298,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. MML Investors Services LLC raised its holdings in shares of Mitsubishi UFJ Financial Group by 19.6% in the 4th quarter. MML Investors Services LLC now owns 425,282 shares of the company’s stock worth $6,745,000 after purchasing an additional 69,737 shares in the last quarter. Mariner LLC raised its holdings in shares of Mitsubishi UFJ Financial Group by 5.6% in the 4th quarter. Mariner LLC now owns 329,123 shares of the company’s stock worth $5,221,000 after purchasing an additional 17,450 shares in the last quarter. Focus Partners Wealth raised its holdings in shares of Mitsubishi UFJ Financial Group by 35.2% in the 4th quarter. Focus Partners Wealth now owns 294,450 shares of the company’s stock worth $4,670,000 after purchasing an additional 76,740 shares in the last quarter. Icon Wealth Advisors LLC raised its holdings in shares of Mitsubishi UFJ Financial Group by 26.0% in the 4th quarter. Icon Wealth Advisors LLC now owns 17,652 shares of the company’s stock worth $278,000 after purchasing an additional 3,637 shares in the last quarter. Finally, Entropy Technologies LP raised its holdings in shares of Mitsubishi UFJ Financial Group by 5.7% in the 4th quarter. Entropy Technologies LP now owns 39,079 shares of the company’s stock worth $620,000 after purchasing an additional 2,105 shares in the last quarter. 13.59% of the stock is currently owned by institutional investors.

Mitsubishi UFJ Financial Group Price Performance

MUFG stock opened at $20.13 on Monday. Mitsubishi UFJ Financial Group, Inc. has a 52-week low of $13.19 and a 52-week high of $20.23. The company’s 50 day simple moving average is $18.58 and its 200-day simple moving average is $17.71. The firm has a market capitalization of $238.84 billion, a P/E ratio of 14.27, a P/E/G ratio of 0.82 and a beta of 0.40.

Mitsubishi UFJ Financial Group (NYSE:MUFG) last released its quarterly earnings results on Saturday, May 16th. The company reported $0.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.20 by $0.13. Mitsubishi UFJ Financial Group had a net margin of 16.65% and a return on equity of 11.07%. The business had revenue of $15.36 billion for the quarter, compared to analyst estimates of $9.34 billion. Sell-side analysts predict that Mitsubishi UFJ Financial Group, Inc. will post 1.41 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings lowered shares of Mitsubishi UFJ Financial Group from a “buy (b)” rating to a “buy (b-)” rating in a report on Tuesday, May 26th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, Mitsubishi UFJ Financial Group has an average rating of “Buy”.

Mitsubishi UFJ Financial Group Company Profile

Mitsubishi UFJ Financial Group, Inc (MUFG) is a Tokyo-based financial services holding company and one of Japan’s largest banking groups and among the world’s leading financial institutions. The group was formed through the integration of Mitsubishi Tokyo Financial Group and UFJ Holdings and operates a comprehensive suite of banking and financial services for retail, corporate, and institutional clients. MUFG’s core banking operations are conducted through its commercial banking arm and a network of domestic and international subsidiaries and affiliates.

MUFG offers a broad range of products and services including commercial and retail banking, corporate and investment banking, global transaction banking, trust banking, asset management, securities and brokerage services, credit cards, consumer finance, leasing and custody services.