Hantz Financial Services Inc. Reduces Stake in Mitsubishi UFJ Financial Group, Inc. $MUFG

Hantz Financial Services Inc. decreased its stake in shares of Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG) by 40.5% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 106,937 shares of the company’s stock after selling 72,940 shares during the period. Hantz Financial Services Inc.’s holdings in Mitsubishi UFJ Financial Group were worth $1,696,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the stock. Envestnet Asset Management Inc. raised its holdings in shares of Mitsubishi UFJ Financial Group by 1.9% in the 3rd quarter. Envestnet Asset Management Inc. now owns 4,941,830 shares of the company’s stock valued at $78,773,000 after acquiring an additional 93,051 shares in the last quarter. Caprock Group LLC purchased a new stake in shares of Mitsubishi UFJ Financial Group in the 3rd quarter valued at about $2,367,000. Tudor Investment Corp ET AL raised its holdings in shares of Mitsubishi UFJ Financial Group by 834.1% in the 3rd quarter. Tudor Investment Corp ET AL now owns 534,118 shares of the company’s stock valued at $8,514,000 after acquiring an additional 476,941 shares in the last quarter. Natixis Advisors LLC raised its holdings in shares of Mitsubishi UFJ Financial Group by 14.9% in the 3rd quarter. Natixis Advisors LLC now owns 13,240,940 shares of the company’s stock valued at $211,061,000 after acquiring an additional 1,718,759 shares in the last quarter. Finally, Factory Mutual Insurance Co. purchased a new stake in shares of Mitsubishi UFJ Financial Group in the 3rd quarter valued at about $6,286,000. Hedge funds and other institutional investors own 13.59% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings cut Mitsubishi UFJ Financial Group from a “buy (b)” rating to a “buy (b-)” rating in a report on Tuesday. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Buy”.

Mitsubishi UFJ Financial Group Price Performance

MUFG opened at $18.96 on Thursday. The stock’s 50 day simple moving average is $17.91 and its 200 day simple moving average is $17.35. Mitsubishi UFJ Financial Group, Inc. has a 1 year low of $13.19 and a 1 year high of $20.15. The firm has a market cap of $224.95 billion, a price-to-earnings ratio of 13.44, a PEG ratio of 0.78 and a beta of 0.40.

Mitsubishi UFJ Financial Group (NYSE:MUFG) last posted its quarterly earnings results on Thursday, May 21st. The company reported $0.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.20 by $0.13. The business had revenue of $15.36 billion for the quarter, compared to analyst estimates of $9.34 billion. Mitsubishi UFJ Financial Group had a return on equity of 11.07% and a net margin of 16.65%. As a group, sell-side analysts anticipate that Mitsubishi UFJ Financial Group, Inc. will post 1.42 EPS for the current year.

About Mitsubishi UFJ Financial Group

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.