Wetherby Asset Management Inc. decreased its stake in shares of Mitsubishi UFJ Financial Group Inc (NYSE:MTU) by 0.6% during the second quarter, Holdings Channel reports. The institutional investor owned 164,430 shares of the bank’s stock after selling 984 shares during the period. Wetherby Asset Management Inc.’s holdings in Mitsubishi UFJ Financial Group were worth $1,110,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Miracle Mile Advisors LLC bought a new position in shares of Mitsubishi UFJ Financial Group during the first quarter valued at about $100,000. Proficio Capital Partners LLC boosted its position in shares of Mitsubishi UFJ Financial Group by 50.4% in the first quarter. Proficio Capital Partners LLC now owns 16,204 shares of the bank’s stock valued at $102,000 after buying an additional 5,429 shares in the last quarter. Paloma Partners Management Co bought a new position in shares of Mitsubishi UFJ Financial Group during the first quarter valued at about $103,000. Tiedemann Wealth Management LLC boosted its position in shares of Mitsubishi UFJ Financial Group by 3.9% in the first quarter. Tiedemann Wealth Management LLC now owns 17,104 shares of the bank’s stock valued at $108,000 after buying an additional 644 shares in the last quarter. Finally, Campbell & CO Investment Adviser LLC bought a new position in shares of Mitsubishi UFJ Financial Group during the second quarter valued at about $109,000. Institutional investors own 1.02% of the company’s stock.

Shares of Mitsubishi UFJ Financial Group Inc (NYSE:MTU) opened at 6.36 on Thursday. The company’s 50-day moving average is $6.49 and its 200 day moving average is $6.47. Mitsubishi UFJ Financial Group Inc has a 1-year low of $4.81 and a 1-year high of $7.01. The company has a market cap of $84.51 billion, a price-to-earnings ratio of 31.64 and a beta of 1.59.

Mitsubishi UFJ Financial Group (NYSE:MTU) last posted its earnings results on Tuesday, August 1st. The bank reported $0.20 EPS for the quarter, beating analysts’ consensus estimates of $0.15 by $0.05. The business had revenue of $13.57 billion for the quarter. Mitsubishi UFJ Financial Group had a net margin of 16.99% and a return on equity of 6.59%. Equities analysts anticipate that Mitsubishi UFJ Financial Group Inc will post $0.55 EPS for the current year.

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Several brokerages recently issued reports on MTU. BidaskClub cut shares of Mitsubishi UFJ Financial Group from a “hold” rating to a “sell” rating in a research report on Wednesday, July 12th. Zacks Investment Research upgraded shares of Mitsubishi UFJ Financial Group from a “hold” rating to a “buy” rating and set a $7.50 price target on the stock in a research report on Tuesday, July 4th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $7.50.

About Mitsubishi UFJ Financial Group

Mitsubishi UFJ Financial Group, Inc (MUFJ) is a bank holding company. The Company’s segments include Integrated Retail Banking Business Group, Integrated Corporate Banking Business Group, Integrated Trust Assets Business Group, Integrated Global Business Group and Krungsri. The Company’s services include commercial banking, trust banking, securities, credit cards, consumer finance, asset management, leasing and various fields of financial services.

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Institutional Ownership by Quarter for Mitsubishi UFJ Financial Group (NYSE:MTU)

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