Legacy Wealth Asset Management LLC Trims Holdings in Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG)

Legacy Wealth Asset Management LLC reduced its holdings in shares of Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG) by 0.5% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 244,160 shares of the company’s stock after selling 1,340 shares during the period. Mitsubishi UFJ Financial Group accounts for about 0.7% of Legacy Wealth Asset Management LLC’s investment portfolio, making the stock its 22nd largest holding. Legacy Wealth Asset Management LLC’s holdings in Mitsubishi UFJ Financial Group were worth $2,498,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Rise Advisors LLC bought a new position in shares of Mitsubishi UFJ Financial Group during the first quarter valued at $27,000. EverSource Wealth Advisors LLC increased its stake in Mitsubishi UFJ Financial Group by 133.0% during the 4th quarter. EverSource Wealth Advisors LLC now owns 3,648 shares of the company’s stock valued at $31,000 after purchasing an additional 2,082 shares in the last quarter. Principal Securities Inc. purchased a new position in Mitsubishi UFJ Financial Group in the fourth quarter worth about $32,000. Addison Advisors LLC lifted its stake in shares of Mitsubishi UFJ Financial Group by 44.8% in the fourth quarter. Addison Advisors LLC now owns 5,209 shares of the company’s stock worth $45,000 after buying an additional 1,612 shares in the last quarter. Finally, Hexagon Capital Partners LLC grew its holdings in shares of Mitsubishi UFJ Financial Group by 29.1% during the first quarter. Hexagon Capital Partners LLC now owns 6,570 shares of the company’s stock valued at $67,000 after buying an additional 1,481 shares during the last quarter. Institutional investors own 13.59% of the company’s stock.

Mitsubishi UFJ Financial Group Price Performance

NYSE MUFG traded down $0.09 during mid-day trading on Thursday, reaching $11.16. The stock had a trading volume of 838,026 shares, compared to its average volume of 1,708,344. The stock has a market cap of $130.86 billion, a PE ratio of 12.83, a price-to-earnings-growth ratio of 1.07 and a beta of 0.61. Mitsubishi UFJ Financial Group, Inc. has a 1 year low of $7.32 and a 1 year high of $11.25. The company has a fifty day moving average price of $10.24 and a 200 day moving average price of $9.82.

Mitsubishi UFJ Financial Group (NYSE:MUFG) last posted its quarterly earnings results on Wednesday, May 15th. The company reported $0.13 earnings per share for the quarter, topping the consensus estimate of $0.06 by $0.07. The firm had revenue of $22.78 billion during the quarter. Mitsubishi UFJ Financial Group had a return on equity of 7.91% and a net margin of 12.68%. As a group, equities research analysts expect that Mitsubishi UFJ Financial Group, Inc. will post 0.79 earnings per share for the current year.

Mitsubishi UFJ Financial Group Company Profile

Mitsubishi UFJ Financial Group, Inc operates as the bank holding company for MUFG Bank, Ltd. that provides various financial services in Japan, the United States, Europe, Asia/Oceania, and internationally. It operates through Digital Service Business Group; Retail & Commercial Banking Business Group; Japanese Corporate & Investment Banking Business Group; Asset Management & Investor Services Business Group; Global Corporate & Investment Banking Business Group; Global Commercial Banking Business Group; and Global Markets Business Group segments.