Wrapmanager Inc. Trims Stock Holdings in Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG)

Wrapmanager Inc. lowered its stake in Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG) by 16.8% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 22,315 shares of the company’s stock after selling 4,518 shares during the quarter. Wrapmanager Inc.’s holdings in Mitsubishi UFJ Financial Group were worth $227,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the stock. Caprock Group LLC bought a new position in shares of Mitsubishi UFJ Financial Group in the third quarter worth about $1,318,000. Adero Partners LLC lifted its holdings in shares of Mitsubishi UFJ Financial Group by 13.5% in the third quarter. Adero Partners LLC now owns 12,172 shares of the company’s stock worth $124,000 after buying an additional 1,448 shares in the last quarter. Huntington National Bank lifted its stake in Mitsubishi UFJ Financial Group by 13.3% in the 3rd quarter. Huntington National Bank now owns 15,104 shares of the company’s stock worth $154,000 after purchasing an additional 1,770 shares in the last quarter. Oppenheimer Asset Management Inc. boosted its holdings in shares of Mitsubishi UFJ Financial Group by 2.0% during the 3rd quarter. Oppenheimer Asset Management Inc. now owns 68,398 shares of the company’s stock valued at $696,000 after purchasing an additional 1,336 shares during the last quarter. Finally, Venturi Wealth Management LLC grew its position in shares of Mitsubishi UFJ Financial Group by 72.8% during the third quarter. Venturi Wealth Management LLC now owns 5,292 shares of the company’s stock valued at $54,000 after purchasing an additional 2,229 shares in the last quarter. 13.59% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded Mitsubishi UFJ Financial Group from a “hold” rating to a “sell” rating in a research note on Friday, November 15th.

Mitsubishi UFJ Financial Group Stock Up 0.9 %

Shares of NYSE:MUFG opened at $11.86 on Wednesday. The company has a market cap of $138.20 billion, a price-to-earnings ratio of 11.62, a PEG ratio of 1.08 and a beta of 0.59. Mitsubishi UFJ Financial Group, Inc. has a 12 month low of $8.19 and a 12 month high of $12.11. The company has a current ratio of 0.91, a quick ratio of 0.92 and a debt-to-equity ratio of 2.04. The company has a 50-day moving average price of $10.66 and a 200 day moving average price of $10.53.

About Mitsubishi UFJ Financial Group

Mitsubishi UFJ Financial Group, Inc operates as the bank holding company, that engages in a range of financial businesses in Japan, the United States, Europe, Asia/Oceania, and internationally. It operates through seven segments: Digital Service, Retail & Commercial Banking, Japanese Corporate & Investment Banking, Global Commercial Banking, Asset Management & Investor Services, Global Corporate & Investment Banking, and Global Markets.