Myriad Asset Management US LP Has $1.99 Million Stock Position in Mitsubishi UFJ Financial Group, Inc. $MUFG

Myriad Asset Management US LP lowered its position in shares of Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG) by 52.1% during the third quarter, Holdings Channel.com reports. The firm owned 124,956 shares of the company’s stock after selling 135,655 shares during the quarter. Mitsubishi UFJ Financial Group accounts for 1.1% of Myriad Asset Management US LP’s portfolio, making the stock its 20th biggest holding. Myriad Asset Management US LP’s holdings in Mitsubishi UFJ Financial Group were worth $1,992,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Parkside Financial Bank & Trust lifted its holdings in shares of Mitsubishi UFJ Financial Group by 19.3% during the third quarter. Parkside Financial Bank & Trust now owns 6,292 shares of the company’s stock worth $100,000 after buying an additional 1,016 shares in the last quarter. Canopy Partners LLC increased its position in Mitsubishi UFJ Financial Group by 8.3% during the third quarter. Canopy Partners LLC now owns 14,576 shares of the company’s stock worth $232,000 after acquiring an additional 1,123 shares during the period. Sage Mountain Advisors LLC increased its position in Mitsubishi UFJ Financial Group by 44.9% during the third quarter. Sage Mountain Advisors LLC now owns 15,716 shares of the company’s stock worth $251,000 after acquiring an additional 4,868 shares during the period. Dynasty Wealth Management LLC bought a new position in shares of Mitsubishi UFJ Financial Group during the third quarter worth approximately $868,000. Finally, Jackson Thornton Wealth Management LLC raised its position in shares of Mitsubishi UFJ Financial Group by 34.1% in the third quarter. Jackson Thornton Wealth Management LLC now owns 15,015 shares of the company’s stock valued at $231,000 after buying an additional 3,817 shares in the last quarter. 13.59% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the company. Weiss Ratings reissued a “hold (c)” rating on shares of Mitsubishi UFJ Financial Group in a report on Wednesday, October 8th. Zacks Research cut shares of Mitsubishi UFJ Financial Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 1st. Two investment analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company presently has an average rating of “Hold”.

Mitsubishi UFJ Financial Group Stock Performance

NYSE:MUFG opened at $17.90 on Friday. The stock’s 50-day moving average is $16.29 and its 200-day moving average is $15.42. Mitsubishi UFJ Financial Group, Inc. has a 1-year low of $10.46 and a 1-year high of $18.90. The company has a current ratio of 0.85, a quick ratio of 0.89 and a debt-to-equity ratio of 1.39. The stock has a market cap of $212.43 billion, a P/E ratio of 15.98, a price-to-earnings-growth ratio of 1.35 and a beta of 0.35.

Mitsubishi UFJ Financial Group (NYSE:MUFG) last posted its earnings results on Monday, December 29th. The company reported $0.35 earnings per share for the quarter. The firm had revenue of $9.78 billion for the quarter. Mitsubishi UFJ Financial Group had a net margin of 13.98% and a return on equity of 9.39%. Equities research analysts anticipate that Mitsubishi UFJ Financial Group, Inc. will post 0.99 earnings per share for the current year.

About Mitsubishi UFJ Financial Group

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.