Creative Planning Sells 51,428 Shares of Mitsubishi UFJ Financial Group, Inc. $MUFG

Creative Planning lowered its stake in Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG) by 5.5% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 891,218 shares of the company’s stock after selling 51,428 shares during the quarter. Creative Planning’s holdings in Mitsubishi UFJ Financial Group were worth $12,228,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Kestra Private Wealth Services LLC acquired a new stake in shares of Mitsubishi UFJ Financial Group during the first quarter worth about $674,000. Lindbrook Capital LLC raised its holdings in Mitsubishi UFJ Financial Group by 3.2% during the 1st quarter. Lindbrook Capital LLC now owns 31,495 shares of the company’s stock worth $429,000 after buying an additional 983 shares during the period. Y Intercept Hong Kong Ltd bought a new position in Mitsubishi UFJ Financial Group in the first quarter valued at approximately $147,000. SYM FINANCIAL Corp boosted its holdings in shares of Mitsubishi UFJ Financial Group by 15.8% in the first quarter. SYM FINANCIAL Corp now owns 22,973 shares of the company’s stock valued at $313,000 after buying an additional 3,127 shares during the period. Finally, Venturi Wealth Management LLC increased its position in shares of Mitsubishi UFJ Financial Group by 97.8% during the first quarter. Venturi Wealth Management LLC now owns 11,249 shares of the company’s stock worth $153,000 after acquiring an additional 5,561 shares in the last quarter. 13.59% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the stock. Wall Street Zen raised shares of Mitsubishi UFJ Financial Group from a “sell” rating to a “hold” rating in a research report on Saturday, August 9th. Weiss Ratings restated a “hold (c)” rating on shares of Mitsubishi UFJ Financial Group in a report on Wednesday, October 8th. Finally, Zacks Research raised Mitsubishi UFJ Financial Group from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, August 26th. One investment analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Buy”.

Mitsubishi UFJ Financial Group Stock Performance

Shares of MUFG stock opened at $15.18 on Wednesday. Mitsubishi UFJ Financial Group, Inc. has a 12 month low of $10.46 and a 12 month high of $16.24. The company’s fifty day simple moving average is $15.38 and its 200-day simple moving average is $14.52. The firm has a market cap of $183.13 billion, a PE ratio of 14.05, a P/E/G ratio of 1.09 and a beta of 0.37. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 1.86.

Mitsubishi UFJ Financial Group (NYSE:MUFG) last released its earnings results on Friday, November 14th. The company reported $0.44 earnings per share for the quarter, beating analysts’ consensus estimates of $0.34 by $0.10. Mitsubishi UFJ Financial Group had a net margin of 13.95% and a return on equity of 9.35%. The business had revenue of $23.61 billion during the quarter, compared to the consensus estimate of $9.19 billion. Equities research analysts expect that Mitsubishi UFJ Financial Group, Inc. will post 0.99 EPS for the current fiscal year.

Mitsubishi UFJ Financial Group 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.