RNC Capital Management LLC Sells 5,000 Shares of Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG)

RNC Capital Management LLC lowered its stake in shares of Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG – Get Rating) by 9.9% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 45,600 shares of the company’s stock after selling 5,000 shares during the quarter. RNC Capital Management LLC’s holdings in Mitsubishi UFJ Financial Group were worth $304,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in MUFG. Goldman Sachs Group Inc. raised its position in shares of Mitsubishi UFJ Financial Group by 24.0% during the first quarter. Goldman Sachs Group Inc. now owns 10,032,410 shares of the company’s stock worth $62,100,000 after acquiring an additional 1,943,618 shares during the last quarter. FMR LLC increased its position in Mitsubishi UFJ Financial Group by 2.2% in the second quarter. FMR LLC now owns 7,732,737 shares of the company’s stock worth $41,293,000 after purchasing an additional 169,154 shares during the period. Natixis Advisors L.P. raised its holdings in Mitsubishi UFJ Financial Group by 1.7% during the 2nd quarter. Natixis Advisors L.P. now owns 7,536,883 shares of the company’s stock worth $40,247,000 after purchasing an additional 124,536 shares during the last quarter. BlackRock Inc. lifted its position in Mitsubishi UFJ Financial Group by 7.3% during the 1st quarter. BlackRock Inc. now owns 5,499,957 shares of the company’s stock valued at $34,045,000 after purchasing an additional 373,482 shares during the period. Finally, Sei Investments Co. boosted its stake in shares of Mitsubishi UFJ Financial Group by 10.1% in the 2nd quarter. Sei Investments Co. now owns 2,926,208 shares of the company’s stock valued at $15,626,000 after purchasing an additional 268,108 shares during the last quarter. Institutional investors and hedge funds own 1.62% of the company’s stock.

Wall Street Analysts Forecast Growth

MUFG has been the subject of a number of recent research reports. StockNews.com started coverage on shares of Mitsubishi UFJ Financial Group in a research note on Thursday. They set a “hold” rating for the company. The Goldman Sachs Group started coverage on shares of Mitsubishi UFJ Financial Group in a research report on Thursday, December 15th. They set a “conviction-buy” rating for the company.

Mitsubishi UFJ Financial Group Trading Down 2.5 %

NYSE:MUFG opened at $6.14 on Friday. The company has a current ratio of 0.90, a quick ratio of 0.92 and a debt-to-equity ratio of 2.73. Mitsubishi UFJ Financial Group, Inc. has a 1-year low of $4.31 and a 1-year high of $7.71. The firm has a market capitalization of $75.65 billion, a price-to-earnings ratio of 25.58, a PEG ratio of 0.93 and a beta of 0.69. The business’s 50-day moving average price is $7.16 and its two-hundred day moving average price is $5.90.

Mitsubishi UFJ Financial Group (NYSE:MUFG – Get Rating) last announced its quarterly earnings results on Thursday, February 2nd. The company reported $0.06 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.08. Mitsubishi UFJ Financial Group had a net margin of 4.71% and a return on equity of 3.25%. The business had revenue of $17.58 billion for the quarter. On average, equities analysts expect that Mitsubishi UFJ Financial Group, Inc. will post 0.68 earnings per share for the current year.

Mitsubishi UFJ Financial Group Company Profile

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Mitsubishi UFJ Financial Group, Inc operates as a holding company, which provides financial services through its subsidiaries. It operates through the following segments: Integrated Retail Banking Business Group, Integrated Corporate Banking Business Group, Integrated Trust Assets Business Group, Integrated Global Business Group, Global Markets and Others.