Y Intercept Hong Kong Ltd Cuts Stock Position in Mitsubishi UFJ Financial Group, Inc. $MUFG

Y Intercept Hong Kong Ltd lowered its holdings in Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG) by 75.6% in the first quarter, HoldingsChannel reports. The firm owned 58,368 shares of the company’s stock after selling 180,696 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in Mitsubishi UFJ Financial Group were worth $991,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the business. Laurel Wealth Advisors LLC acquired a new stake in Mitsubishi UFJ Financial Group during the 4th quarter worth approximately $26,000. JPL Wealth Management LLC acquired a new stake in shares of Mitsubishi UFJ Financial Group in the third quarter valued at $34,000. Sound Income Strategies LLC boosted its holdings in Mitsubishi UFJ Financial Group by 716.4% in the fourth quarter. Sound Income Strategies LLC now owns 2,482 shares of the company’s stock valued at $39,000 after purchasing an additional 2,178 shares during the period. Root Financial Partners LLC raised its position in Mitsubishi UFJ Financial Group by 96.2% in the 4th quarter. Root Financial Partners LLC now owns 2,562 shares of the company’s stock valued at $41,000 after purchasing an additional 1,256 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd boosted its stake in shares of Mitsubishi UFJ Financial Group by 206.1% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 3,168 shares of the company’s stock valued at $50,000 after buying an additional 2,133 shares during the period. 13.59% of the stock is owned by hedge funds and other institutional investors.

Mitsubishi UFJ Financial Group Stock Performance

NYSE MUFG traded up $0.39 during trading on Friday, reaching $21.64. 2,124,143 shares of the company’s stock were exchanged, compared to its average volume of 2,963,134. The company has a 50 day moving average price of $19.69 and a two-hundred day moving average price of $18.36. The stock has a market cap of $256.84 billion, a P/E ratio of 15.35, a price-to-earnings-growth ratio of 0.85 and a beta of 0.39. Mitsubishi UFJ Financial Group, Inc. has a 1 year low of $13.19 and a 1 year high of $21.73.

Analyst Upgrades and Downgrades

MUFG has been the topic of a number of recent research reports. Erste Group Bank initiated coverage on shares of Mitsubishi UFJ Financial Group in a research note on Thursday, June 25th. They set a “buy” rating on the stock. Weiss Ratings upgraded shares of Mitsubishi UFJ Financial Group from a “buy (b-)” rating to a “buy (b)” rating in a report on Tuesday, June 30th. Finally, Mitsubishi UFJ Financial Group started coverage on shares of Mitsubishi UFJ Financial Group in a research report on Thursday, June 25th. They issued a “buy” rating on the stock. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Buy”.

Mitsubishi UFJ Financial Group Profile

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.