Naviter Wealth LLC Decreases Stock Holdings in Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG)

Naviter Wealth LLC decreased its holdings in shares of Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG) by 10.4% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 249,806 shares of the company’s stock after selling 28,915 shares during the period. Naviter Wealth LLC’s holdings in Mitsubishi UFJ Financial Group were worth $2,928,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Whipplewood Advisors LLC acquired a new stake in Mitsubishi UFJ Financial Group during the 4th quarter worth $29,000. Venturi Wealth Management LLC boosted its position in Mitsubishi UFJ Financial Group by 72.8% during the third quarter. Venturi Wealth Management LLC now owns 5,292 shares of the company’s stock worth $54,000 after acquiring an additional 2,229 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in Mitsubishi UFJ Financial Group during the 3rd quarter valued at about $55,000. Steward Partners Investment Advisory LLC grew its stake in Mitsubishi UFJ Financial Group by 33.9% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 5,056 shares of the company’s stock valued at $59,000 after acquiring an additional 1,279 shares in the last quarter. Finally, Sierra Ocean LLC acquired a new stake in Mitsubishi UFJ Financial Group in the 4th quarter valued at about $62,000. Hedge funds and other institutional investors own 13.59% of the company’s stock.

Mitsubishi UFJ Financial Group Stock Up 0.4 %

Shares of NYSE:MUFG opened at $13.02 on Friday. Mitsubishi UFJ Financial Group, Inc. has a 52-week low of $8.75 and a 52-week high of $13.34. The stock has a market cap of $157.07 billion, a P/E ratio of 11.94, a PEG ratio of 1.16 and a beta of 0.60. The business has a fifty day moving average of $12.44 and a two-hundred day moving average of $11.48. The company has a quick ratio of 0.92, a current ratio of 0.90 and a debt-to-equity ratio of 2.06.

Mitsubishi UFJ Financial Group (NYSE:MUFG) last announced its quarterly earnings results on Tuesday, February 4th. The company reported $0.28 earnings per share for the quarter, beating the consensus estimate of $0.19 by $0.09. Mitsubishi UFJ Financial Group had a net margin of 14.19% and a return on equity of 9.27%. On average, research analysts expect that Mitsubishi UFJ Financial Group, Inc. will post 0.99 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded Mitsubishi UFJ Financial Group from a “sell” rating to a “hold” rating in a report on Wednesday.

About Mitsubishi UFJ Financial Group

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.