Atria Wealth Solutions Inc. Sells 1,387 Shares of Mitsubishi UFJ Financial Group, Inc. $MUFG

Atria Wealth Solutions Inc. trimmed its stake in shares of Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG) by 8.9% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 14,201 shares of the company’s stock after selling 1,387 shares during the quarter. Atria Wealth Solutions Inc.’s holdings in Mitsubishi UFJ Financial Group were worth $195,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the business. Sequoia Financial Advisors LLC increased its stake in Mitsubishi UFJ Financial Group by 9.8% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 52,863 shares of the company’s stock worth $725,000 after acquiring an additional 4,733 shares during the last quarter. Yousif Capital Management LLC increased its stake in Mitsubishi UFJ Financial Group by 1.9% in the 2nd quarter. Yousif Capital Management LLC now owns 138,975 shares of the company’s stock worth $1,907,000 after acquiring an additional 2,608 shares during the last quarter. Allspring Global Investments Holdings LLC increased its stake in Mitsubishi UFJ Financial Group by 1.0% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 89,034 shares of the company’s stock worth $1,228,000 after acquiring an additional 854 shares during the last quarter. LRI Investments LLC increased its stake in Mitsubishi UFJ Financial Group by 14.4% in the 2nd quarter. LRI Investments LLC now owns 9,677 shares of the company’s stock worth $133,000 after acquiring an additional 1,218 shares during the last quarter. Finally, Vanguard Personalized Indexing Management LLC increased its stake in Mitsubishi UFJ Financial Group by 6.3% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 483,620 shares of the company’s stock worth $6,635,000 after acquiring an additional 28,711 shares during the last quarter. 13.59% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

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

Mitsubishi UFJ Financial Group Trading Down 0.8%

Shares of MUFG stock opened at $14.93 on Friday. The stock has a market capitalization of $180.11 billion, a PE ratio of 13.82, a P/E/G ratio of 1.10 and a beta of 0.38. Mitsubishi UFJ Financial Group, Inc. has a 1-year low of $10.20 and a 1-year high of $16.24. The business has a 50-day moving average of $15.46 and a 200 day moving average of $14.05. 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 earnings results 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. The company had revenue of $22.10 billion during the quarter, compared to analysts’ expectations of $9.86 billion. Mitsubishi UFJ Financial Group had a return on equity of 9.35% and a net margin of 13.95%. As a group, sell-side analysts anticipate that Mitsubishi UFJ Financial Group, Inc. will post 0.99 earnings per share for the current year.

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.