Natixis Advisors LLC Trims Position in Mitsubishi UFJ Financial Group, Inc. $MUFG

Natixis Advisors LLC cut its holdings in shares of Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG) by 81.0% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,520,145 shares of the company’s stock after selling 10,720,795 shares during the period. Natixis Advisors LLC’s holdings in Mitsubishi UFJ Financial Group were worth $39,969,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the business. Envestnet Asset Management Inc. boosted its position in shares of Mitsubishi UFJ Financial Group by 1.9% during the third quarter. Envestnet Asset Management Inc. now owns 4,941,830 shares of the company’s stock valued at $78,773,000 after purchasing an additional 93,051 shares in the last quarter. Caprock Group LLC bought a new stake in shares of Mitsubishi UFJ Financial Group during the third quarter valued at approximately $2,367,000. Tudor Investment Corp ET AL boosted its position in shares of Mitsubishi UFJ Financial Group by 834.1% during the third quarter. Tudor Investment Corp ET AL now owns 534,118 shares of the company’s stock valued at $8,514,000 after purchasing an additional 476,941 shares in the last quarter. Factory Mutual Insurance Co. bought a new stake in shares of Mitsubishi UFJ Financial Group during the third quarter valued at approximately $6,286,000. Finally, Hantz Financial Services Inc. boosted its position in shares of Mitsubishi UFJ Financial Group by 65.7% during the third quarter. Hantz Financial Services Inc. now owns 179,877 shares of the company’s stock valued at $2,867,000 after purchasing an additional 71,323 shares in the last quarter. 13.59% of the stock is owned by hedge funds and other institutional investors.

Mitsubishi UFJ Financial Group Trading Up 1.4%

Mitsubishi UFJ Financial Group stock opened at $19.45 on Thursday. The business’s fifty day simple moving average is $18.14 and its two-hundred day simple moving average is $17.48. Mitsubishi UFJ Financial Group, Inc. has a 12 month low of $13.19 and a 12 month high of $20.15. The company has a market capitalization of $230.77 billion, a price-to-earnings ratio of 13.79, a price-to-earnings-growth ratio of 0.78 and a beta of 0.40.

Mitsubishi UFJ Financial Group (NYSE:MUFG) last released its earnings results on Saturday, May 16th. The company reported $0.33 EPS for the quarter, topping the consensus estimate of $0.20 by $0.13. Mitsubishi UFJ Financial Group had a return on equity of 11.07% and a net margin of 16.65%.The business had revenue of $15.36 billion for the quarter, compared to the consensus estimate of $9.34 billion. On average, equities research analysts predict that Mitsubishi UFJ Financial Group, Inc. will post 1.42 EPS for the current year.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings lowered Mitsubishi UFJ Financial Group from a “buy (b)” rating to a “buy (b-)” rating in a research report on Tuesday, May 26th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Buy”.

Mitsubishi UFJ Financial Group Profile

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.