Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG) Shares Sold by LRI Investments LLC

LRI Investments LLC reduced its stake in shares of Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG) by 44.2% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 8,459 shares of the company’s stock after selling 6,697 shares during the period. LRI Investments LLC’s holdings in Mitsubishi UFJ Financial Group were worth $115,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in MUFG. Wealth Enhancement Advisory Services LLC acquired a new position in Mitsubishi UFJ Financial Group during the first quarter valued at $143,000. Allspring Global Investments Holdings LLC lifted its position in Mitsubishi UFJ Financial Group by 5.6% during the first quarter. Allspring Global Investments Holdings LLC now owns 88,180 shares of the company’s stock valued at $1,163,000 after purchasing an additional 4,664 shares during the period. Sowell Financial Services LLC acquired a new position in Mitsubishi UFJ Financial Group during the first quarter valued at $183,000. Rockefeller Capital Management L.P. lifted its position in Mitsubishi UFJ Financial Group by 182.6% during the fourth quarter. Rockefeller Capital Management L.P. now owns 152,526 shares of the company’s stock valued at $1,787,000 after purchasing an additional 98,562 shares during the period. Finally, Janney Montgomery Scott LLC lifted its position in Mitsubishi UFJ Financial Group by 1.3% during the first quarter. Janney Montgomery Scott LLC now owns 119,616 shares of the company’s stock valued at $1,630,000 after purchasing an additional 1,497 shares during the period. 13.59% of the stock is currently owned by institutional investors and hedge funds.

Mitsubishi UFJ Financial Group Trading Down 0.4%

NYSE MUFG opened at $13.64 on Tuesday. The company has a market capitalization of $164.54 billion, a PE ratio of 12.99, a P/E/G ratio of 0.90 and a beta of 0.39. The company has a fifty day moving average of $13.55 and a 200 day moving average of $12.90. Mitsubishi UFJ Financial Group, Inc. has a 1 year low of $8.75 and a 1 year high of $15.03. The company has a debt-to-equity ratio of 2.57, a current ratio of 1.01 and a quick ratio of 1.01.

Mitsubishi UFJ Financial Group (NYSE:MUFG) last released its quarterly earnings data on Thursday, May 15th. The company reported $0.13 earnings per share for the quarter, beating analysts’ consensus estimates of $0.03 by $0.10. Mitsubishi UFJ Financial Group had a net margin of 13.70% and a return on equity of 9.45%. The company had revenue of $22.91 billion during the quarter, compared to analysts’ expectations of $6.47 billion. Research analysts forecast that Mitsubishi UFJ Financial Group, Inc. will post 0.99 earnings per share for the current year.

Analysts Set New Price Targets

Separately, Wall Street Zen upgraded shares of Mitsubishi UFJ Financial Group from a “sell” rating to a “hold” rating in a research report on Saturday, June 14th.

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.