AdvisorShares Investments LLC Sells 2,052 Shares of Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG)

AdvisorShares Investments LLC decreased its stake in Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG) by 2.3% during the second quarter, Holdings Channel.com reports. The institutional investor owned 85,406 shares of the company’s stock after selling 2,052 shares during the quarter. AdvisorShares Investments LLC’s holdings in Mitsubishi UFJ Financial Group were worth $931,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Russell Investments Group Ltd. increased its stake in Mitsubishi UFJ Financial Group by 19.3% in the fourth quarter. Russell Investments Group Ltd. now owns 23,179 shares of the company’s stock valued at $200,000 after acquiring an additional 3,753 shares during the last quarter. National Bank of Canada FI purchased a new position in shares of Mitsubishi UFJ Financial Group in the 4th quarter worth about $61,000. Apollon Wealth Management LLC bought a new position in shares of Mitsubishi UFJ Financial Group during the 4th quarter valued at about $114,000. Principal Securities Inc. purchased a new position in shares of Mitsubishi UFJ Financial Group during the 4th quarter valued at about $32,000. Finally, BNP Paribas Financial Markets lifted its position in Mitsubishi UFJ Financial Group by 48.3% in the 4th quarter. BNP Paribas Financial Markets now owns 155,939 shares of the company’s stock worth $1,343,000 after buying an additional 50,758 shares during the last quarter. Hedge funds and other institutional investors own 13.59% of the company’s stock.

Mitsubishi UFJ Financial Group Stock Down 0.8 %

Shares of MUFG opened at $10.13 on Wednesday. Mitsubishi UFJ Financial Group, Inc. has a 1 year low of $7.89 and a 1 year high of $11.72. The company has a debt-to-equity ratio of 2.25, a current ratio of 0.92 and a quick ratio of 0.92. The stock has a 50 day simple moving average of $10.62 and a two-hundred day simple moving average of $10.37. The firm has a market cap of $118.03 billion, a P/E ratio of 11.64, a P/E/G ratio of 0.87 and a beta of 0.60.

Mitsubishi UFJ Financial Group (NYSE:MUFG) last announced its quarterly earnings data on Thursday, August 1st. The company reported $0.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.27 by $0.03. Mitsubishi UFJ Financial Group had a net margin of 11.73% and a return on equity of 7.46%. The company had revenue of $22.61 billion during the quarter. On average, analysts forecast that Mitsubishi UFJ Financial Group, Inc. will post 0.88 earnings per share for the current fiscal 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.