Sei Investments Co. Reduces Stock Position in Mitsubishi UFJ Financial Group, Inc. $MUFG

Sei Investments Co. cut its stake in Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG) by 4.5% in the first quarter, HoldingsChannel.com reports. The fund owned 3,690,655 shares of the company’s stock after selling 173,711 shares during the period. Sei Investments Co.’s holdings in Mitsubishi UFJ Financial Group were worth $62,630,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Laurel Wealth Advisors LLC bought a new position in Mitsubishi UFJ Financial Group during the fourth quarter valued at approximately $26,000. Whipplewood Advisors LLC bought a new stake in Mitsubishi UFJ Financial Group in the 1st quarter worth approximately $29,000. Signature Equity Partners LLC raised its stake in Mitsubishi UFJ Financial Group by 73.0% during the 1st quarter. Signature Equity Partners LLC now owns 1,697 shares of the company’s stock valued at $29,000 after buying an additional 716 shares during the last quarter. JPL Wealth Management LLC purchased a new stake in Mitsubishi UFJ Financial Group during the 3rd quarter valued at $34,000. Finally, Sound Income Strategies LLC lifted its holdings in shares of Mitsubishi UFJ Financial Group by 716.4% during the 4th quarter. Sound Income Strategies LLC now owns 2,482 shares of the company’s stock valued at $39,000 after buying an additional 2,178 shares during the period. 13.59% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. Erste Group Bank initiated coverage on Mitsubishi UFJ Financial Group in a research note on Thursday, June 25th. They issued a “buy” rating on the stock. Weiss Ratings cut Mitsubishi UFJ Financial Group from a “buy (b)” rating to a “hold (c)” rating in a research report on Tuesday, July 14th. Finally, Mitsubishi UFJ Financial Group initiated coverage on Mitsubishi UFJ Financial Group in a report on Thursday, June 25th. They issued a “buy” rating on the stock. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, Mitsubishi UFJ Financial Group has a consensus rating of “Moderate Buy”.

Mitsubishi UFJ Financial Group Price Performance

NYSE MUFG opened at $22.91 on Friday. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 1.75. Mitsubishi UFJ Financial Group, Inc. has a 12 month low of $13.62 and a 12 month high of $23.08. The stock has a market cap of $271.95 billion, a price-to-earnings ratio of 16.25, a PEG ratio of 1.10 and a beta of 0.39. The company’s 50 day moving average is $20.48 and its two-hundred day moving average is $18.81.

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.