Fmr LLC Cuts Stock Holdings in Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG)

Fmr LLC lowered its stake in shares of Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG) by 3.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,963,431 shares of the company’s stock after selling 192,627 shares during the quarter. Fmr LLC’s holdings in Mitsubishi UFJ Financial Group were worth $50,528,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of MUFG. Fisher Asset Management LLC increased its stake in Mitsubishi UFJ Financial Group by 15.7% in the 3rd quarter. Fisher Asset Management LLC now owns 7,853,310 shares of the company’s stock valued at $79,947,000 after buying an additional 1,067,409 shares during the last quarter. Pekin Hardy Strauss Inc. lifted its position in shares of Mitsubishi UFJ Financial Group by 19.2% during the 3rd quarter. Pekin Hardy Strauss Inc. now owns 265,775 shares of the company’s stock valued at $2,706,000 after buying an additional 42,875 shares during the last quarter. Summit Trail Advisors LLC boosted its position in Mitsubishi UFJ Financial Group by 33.8% during the third quarter. Summit Trail Advisors LLC now owns 38,689 shares of the company’s stock worth $394,000 after purchasing an additional 9,773 shares during the period. Cerity Partners LLC boosted its holdings in Mitsubishi UFJ Financial Group by 30.2% in the 3rd quarter. Cerity Partners LLC now owns 818,014 shares of the company’s stock worth $8,327,000 after buying an additional 189,887 shares during the period. Finally, Eagle Asset Management Inc. boosted its holdings in shares of Mitsubishi UFJ Financial Group by 11.3% in the third quarter. Eagle Asset Management Inc. now owns 63,142 shares of the company’s stock worth $643,000 after acquiring an additional 6,386 shares during the period. 13.59% of the stock is owned by hedge funds and other institutional investors.

Mitsubishi UFJ Financial Group Trading Down 0.3 %

Shares of Mitsubishi UFJ Financial Group stock opened at $12.04 on Friday. The company has a 50 day simple moving average of $11.07 and a two-hundred day simple moving average of $10.68. The company has a debt-to-equity ratio of 2.04, a current ratio of 0.91 and a quick ratio of 0.92. The firm has a market cap of $140.35 billion, a PE ratio of 11.80, a PEG ratio of 1.11 and a beta of 0.61. Mitsubishi UFJ Financial Group, Inc. has a 1 year low of $8.19 and a 1 year high of $12.31.

Wall Street Analyst Weigh In

Separately, StockNews.com raised shares of Mitsubishi UFJ Financial Group from a “sell” rating to a “hold” rating in a research note on Saturday, November 23rd.

Mitsubishi UFJ Financial Group 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.