Sumitomo Mitsui Trust Group Inc. Trims Position in Mitsubishi UFJ Financial Group, Inc. $MUFG

Sumitomo Mitsui Trust Group Inc. lessened its holdings in shares of Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG) by 14.7% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 151,106 shares of the company’s stock after selling 25,993 shares during the quarter. Sumitomo Mitsui Trust Group Inc.’s holdings in Mitsubishi UFJ Financial Group were worth $2,564,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Personal CFO Solutions LLC increased its position in Mitsubishi UFJ Financial Group by 3.6% during the 1st quarter. Personal CFO Solutions LLC now owns 53,619 shares of the company’s stock valued at $910,000 after purchasing an additional 1,870 shares during the period. Frank Rimerman Advisors LLC lifted its position in shares of Mitsubishi UFJ Financial Group by 11.9% in the 1st quarter. Frank Rimerman Advisors LLC now owns 13,172 shares of the company’s stock worth $224,000 after purchasing an additional 1,396 shares during the period. Flatrock Wealth Partners LLC purchased a new stake in shares of Mitsubishi UFJ Financial Group in the 1st quarter worth about $188,000. Jackson Thornton Wealth Management LLC boosted its stake in shares of Mitsubishi UFJ Financial Group by 23.7% during the 1st quarter. Jackson Thornton Wealth Management LLC now owns 18,251 shares of the company’s stock valued at $329,000 after purchasing an additional 3,502 shares in the last quarter. Finally, Resonant Capital Advisors LLC boosted its stake in shares of Mitsubishi UFJ Financial Group by 16.8% during the 1st quarter. Resonant Capital Advisors LLC now owns 30,412 shares of the company’s stock valued at $516,000 after purchasing an additional 4,381 shares in the last quarter. Hedge funds and other institutional investors own 13.59% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on MUFG shares. Weiss Ratings raised shares of Mitsubishi UFJ Financial Group from a “buy (b-)” rating to a “buy (b)” rating in a research note on Tuesday, June 30th. Erste Group Bank assumed coverage on Mitsubishi UFJ Financial Group in a research report on Thursday, June 25th. They set a “buy” rating on the stock. Finally, Mitsubishi UFJ Financial Group assumed coverage on Mitsubishi UFJ Financial Group in a report on Thursday, June 25th. They set a “buy” rating on the stock. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, Mitsubishi UFJ Financial Group presently has an average rating of “Buy”.

Mitsubishi UFJ Financial Group Price Performance

Shares of NYSE MUFG opened at $22.77 on Thursday. The company has a 50 day simple moving average of $19.95 and a two-hundred day simple moving average of $18.52. Mitsubishi UFJ Financial Group, Inc. has a fifty-two week low of $13.19 and a fifty-two week high of $22.83. The company has a market capitalization of $270.29 billion, a price-to-earnings ratio of 16.15, a P/E/G ratio of 0.88 and a beta of 0.39. The company has a debt-to-equity ratio of 1.75, a quick ratio of 0.98 and a current ratio of 0.98.

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.