Kestra Advisory Services LLC Trims Holdings in Mitsubishi UFJ Financial Group, Inc. $MUFG

Kestra Advisory Services LLC trimmed its position in shares of Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG) by 55.3% during the first quarter, Holdings Channel reports. The firm owned 21,715 shares of the company’s stock after selling 26,863 shares during the quarter. Kestra Advisory Services LLC’s holdings in Mitsubishi UFJ Financial Group were worth $369,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Personal CFO Solutions LLC lifted its stake in Mitsubishi UFJ Financial Group by 3.6% during the 1st quarter. Personal CFO Solutions LLC now owns 53,619 shares of the company’s stock worth $910,000 after acquiring an additional 1,870 shares in the last quarter. Frank Rimerman Advisors LLC grew its position in Mitsubishi UFJ Financial Group by 11.9% in the 1st quarter. Frank Rimerman Advisors LLC now owns 13,172 shares of the company’s stock valued at $224,000 after acquiring an additional 1,396 shares in the last quarter. Flatrock Wealth Partners LLC acquired a new position in Mitsubishi UFJ Financial Group in the 1st quarter valued at about $188,000. Jackson Thornton Wealth Management LLC increased its stake in Mitsubishi UFJ Financial Group by 23.7% during the first quarter. Jackson Thornton Wealth Management LLC now owns 18,251 shares of the company’s stock worth $329,000 after purchasing an additional 3,502 shares during the period. Finally, Resonant Capital Advisors LLC increased its stake in Mitsubishi UFJ Financial Group by 16.8% during the first quarter. Resonant Capital Advisors LLC now owns 30,412 shares of the company’s stock worth $516,000 after purchasing an additional 4,381 shares during the period. 13.59% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have recently commented on MUFG shares. Erste Group Bank began coverage on shares of Mitsubishi UFJ Financial Group in a research note on Thursday, June 25th. They issued a “buy” rating for the company. Weiss Ratings lowered shares of Mitsubishi UFJ Financial Group from a “buy (b)” rating to a “hold (c)” rating in a report on Tuesday, July 14th. Finally, Mitsubishi UFJ Financial Group started coverage on shares of Mitsubishi UFJ Financial Group in a research note on Thursday, June 25th. They issued a “buy” rating for the company. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy”.

Mitsubishi UFJ Financial Group Stock Down 2.0%

Mitsubishi UFJ Financial Group stock opened at $21.97 on Thursday. The stock has a market cap of $260.75 billion, a PE ratio of 15.58, a P/E/G ratio of 1.08 and a beta of 0.39. The company has a debt-to-equity ratio of 1.75, a current ratio of 0.98 and a quick ratio of 0.98. The stock’s fifty day moving average is $20.67 and its two-hundred day moving average is $18.95. Mitsubishi UFJ Financial Group, Inc. has a 1-year low of $13.62 and a 1-year high of $23.25.

Mitsubishi UFJ Financial Group 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.