Sequoia Financial Advisors LLC Cuts Position in Mitsubishi UFJ Financial Group, Inc. $MUFG

Sequoia Financial Advisors LLC lowered its holdings in Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG) by 39.0% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 80,661 shares of the company’s stock after selling 51,670 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in Mitsubishi UFJ Financial Group were worth $1,604,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in MUFG. Fisher Asset Management LLC increased its holdings in shares of Mitsubishi UFJ Financial Group by 2.0% in the 4th quarter. Fisher Asset Management LLC now owns 93,276,119 shares of the company’s stock valued at $1,479,359,000 after purchasing an additional 1,789,620 shares in the last quarter. Clearbridge Investments LLC boosted its holdings in Mitsubishi UFJ Financial Group by 20.0% during the fourth quarter. Clearbridge Investments LLC now owns 6,730,203 shares of the company’s stock worth $106,741,000 after buying an additional 1,121,241 shares in the last quarter. Quantinno Capital Management LP boosted its holdings in Mitsubishi UFJ Financial Group by 21.4% during the first quarter. Quantinno Capital Management LP now owns 2,399,601 shares of the company’s stock worth $40,721,000 after buying an additional 423,058 shares in the last quarter. XY Capital Ltd grew its position in Mitsubishi UFJ Financial Group by 710.6% during the first quarter. XY Capital Ltd now owns 411,425 shares of the company’s stock worth $6,982,000 after buying an additional 360,670 shares during the period. Finally, Royal Bank of Canada grew its position in Mitsubishi UFJ Financial Group by 5.7% during the first quarter. Royal Bank of Canada now owns 6,315,948 shares of the company’s stock worth $107,182,000 after buying an additional 338,881 shares during the period. 13.59% of the stock is owned by institutional investors and hedge funds.

Mitsubishi UFJ Financial Group Price Performance

Mitsubishi UFJ Financial Group stock opened at $23.68 on Wednesday. The firm has a market capitalization of $281.05 billion, a PE ratio of 15.48, a P/E/G ratio of 1.06 and a beta of 0.39. Mitsubishi UFJ Financial Group, Inc. has a 52 week low of $14.62 and a 52 week high of $24.26. The firm’s 50-day simple moving average is $22.59 and its 200 day simple moving average is $19.96. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 1.10.

Mitsubishi UFJ Financial Group (NYSE:MUFG) last posted its earnings results on Tuesday, August 4th. The company reported $0.45 earnings per share for the quarter, beating the consensus estimate of $0.35 by $0.10. The firm had revenue of $15.11 billion during the quarter, compared to the consensus estimate of $10.06 billion. Mitsubishi UFJ Financial Group had a net margin of 17.63% and a return on equity of 12.30%. On average, equities research analysts predict that Mitsubishi UFJ Financial Group, Inc. will post 1.59 EPS for the current fiscal year.

Wall Street Analyst Weigh In

MUFG has been the subject of a number of research reports. Weiss Ratings downgraded shares of Mitsubishi UFJ Financial Group from a “buy (b)” rating to a “hold (c)” rating in a research report on Tuesday, July 14th. Erste Group Bank started coverage on Mitsubishi UFJ Financial Group in a report on Thursday, June 25th. They issued a “buy” rating on the stock. Finally, Mitsubishi UFJ Financial Group started coverage on Mitsubishi UFJ Financial Group in a research note on Thursday, June 25th. They issued a “buy” rating for the company. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy”.

About Mitsubishi UFJ Financial Group

Mitsubishi UFJ Financial Group, Inc (NYSE: MUFG) is a diversified Japanese financial services group headquartered in Tokyo. The group’s principal banking subsidiary, MUFG Bank, provides commercial and retail banking services, including deposits, lending, payments, foreign exchange, and transaction banking. Through its broader operations, MUFG also offers trust banking, securities services, asset management, leasing, credit cards, and consumer finance.

MUFG serves individuals, businesses, financial institutions, and governments in Japan and international markets.