Quadrant Capital Group LLC Sells 14,421 Shares of Mitsubishi UFJ Financial Group, Inc. $MUFG

Quadrant Capital Group LLC cut its holdings in shares of Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG) by 4.2% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 326,281 shares of the company’s stock after selling 14,421 shares during the period. Quadrant Capital Group LLC’s holdings in Mitsubishi UFJ Financial Group were worth $4,477,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in MUFG. Te Ahumairangi Investment Management Ltd lifted its holdings in shares of Mitsubishi UFJ Financial Group by 46.9% during the second quarter. Te Ahumairangi Investment Management Ltd now owns 34,454 shares of the company’s stock worth $473,000 after purchasing an additional 11,000 shares during the period. Thornburg Investment Management Inc. lifted its stake in shares of Mitsubishi UFJ Financial Group by 2.4% in the 2nd quarter. Thornburg Investment Management Inc. now owns 1,081,116 shares of the company’s stock valued at $14,833,000 after purchasing an additional 25,744 shares during the period. Choreo LLC grew its stake in Mitsubishi UFJ Financial Group by 9.6% during the second quarter. Choreo LLC now owns 83,348 shares of the company’s stock worth $1,144,000 after purchasing an additional 7,301 shares during the period. Russell Investments Group Ltd. increased its holdings in Mitsubishi UFJ Financial Group by 32.6% in the second quarter. Russell Investments Group Ltd. now owns 142,201 shares of the company’s stock worth $1,951,000 after purchasing an additional 34,990 shares in the last quarter. Finally, Advisors Asset Management Inc. lifted its stake in Mitsubishi UFJ Financial Group by 9.1% in the second quarter. Advisors Asset Management Inc. now owns 60,216 shares of the company’s stock valued at $826,000 after buying an additional 5,014 shares during the period. 13.59% of the stock is currently owned by institutional investors and hedge funds.

Mitsubishi UFJ Financial Group Trading Up 2.1%

Shares of Mitsubishi UFJ Financial Group stock opened at $15.82 on Thursday. The company has a market capitalization of $190.85 billion, a P/E ratio of 14.64, a price-to-earnings-growth ratio of 1.09 and a beta of 0.37. The stock has a fifty day simple moving average of $15.34 and a 200 day simple moving average of $14.63. Mitsubishi UFJ Financial Group, Inc. has a 12-month low of $10.46 and a 12-month high of $16.24. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 1.86.

Mitsubishi UFJ Financial Group (NYSE:MUFG) last posted its quarterly earnings data on Friday, November 14th. The company reported $0.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.34 by $0.10. The firm had revenue of $23.61 billion for the quarter, compared to the consensus estimate of $9.19 billion. Mitsubishi UFJ Financial Group had a net margin of 13.95% and a return on equity of 9.35%. On average, sell-side analysts anticipate that Mitsubishi UFJ Financial Group, Inc. will post 0.99 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

MUFG has been the subject of several research analyst reports. Weiss Ratings reiterated a “hold (c)” rating on shares of Mitsubishi UFJ Financial Group in a research note on Wednesday, October 8th. Zacks Research raised shares of Mitsubishi UFJ Financial Group from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, August 26th. Finally, Wall Street Zen upgraded Mitsubishi UFJ Financial Group from a “sell” rating to a “hold” rating in a report on Saturday, August 9th. One equities research analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, Mitsubishi UFJ Financial Group presently has an average rating of “Buy”.

Mitsubishi UFJ Financial Group Company 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.