GRATRY & Co LLC cut its holdings in Mitsubishi UFJ Financial Group Inc (NYSE:MTU) by 47.2% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 192,905 shares of the bank’s stock after selling 172,190 shares during the quarter. Mitsubishi UFJ Financial Group makes up 1.6% of GRATRY & Co LLC’s portfolio, making the stock its 24th largest position. GRATRY & Co LLC’s holdings in Mitsubishi UFJ Financial Group were worth $1,302,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the company. Moors & Cabot Inc. increased its stake in shares of Mitsubishi UFJ Financial Group by 3.8% in the second quarter. Moors & Cabot Inc. now owns 68,505 shares of the bank’s stock valued at $462,000 after buying an additional 2,500 shares in the last quarter. Shelton Capital Management increased its stake in shares of Mitsubishi UFJ Financial Group by 3.5% in the second quarter. Shelton Capital Management now owns 180,285 shares of the bank’s stock valued at $1,217,000 after buying an additional 6,036 shares in the last quarter. Royal Bank of Canada increased its stake in shares of Mitsubishi UFJ Financial Group by 2.9% in the second quarter. Royal Bank of Canada now owns 1,190,120 shares of the bank’s stock valued at $8,033,000 after buying an additional 33,924 shares in the last quarter. Goldman Sachs Group Inc. increased its stake in shares of Mitsubishi UFJ Financial Group by 9.0% in the second quarter. Goldman Sachs Group Inc. now owns 4,728,680 shares of the bank’s stock valued at $31,919,000 after buying an additional 389,983 shares in the last quarter. Finally, Guardian Capital Advisors LP increased its stake in shares of Mitsubishi UFJ Financial Group by 41.2% in the second quarter. Guardian Capital Advisors LP now owns 232,895 shares of the bank’s stock valued at $1,511,000 after buying an additional 67,920 shares in the last quarter. Institutional investors own 1.08% of the company’s stock.

A number of analysts have recently weighed in on MTU shares. Zacks Investment Research upgraded Mitsubishi UFJ Financial Group from a “hold” rating to a “buy” rating and set a $7.00 target price for the company in a research note on Thursday, September 21st. BidaskClub upgraded Mitsubishi UFJ Financial Group from a “sell” rating to a “hold” rating in a research note on Saturday, July 1st. Finally, ValuEngine lowered Mitsubishi UFJ Financial Group from a “strong-buy” rating to a “buy” rating in a research note on Friday, September 1st. One analyst has rated the stock with a sell rating, two have issued a hold rating and six have issued a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $7.00.

Shares of Mitsubishi UFJ Financial Group Inc (NYSE MTU) traded up 1.0406% during mid-day trading on Friday, hitting $6.4767. The stock had a trading volume of 307,913 shares. The company has a market capitalization of $86.06 billion, a P/E ratio of 31.5937 and a beta of 1.63. Mitsubishi UFJ Financial Group Inc has a 1-year low of $4.86 and a 1-year high of $7.01. The stock’s 50-day moving average price is $6.26 and its 200 day moving average price is $6.35.

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

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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.

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

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