Sumitomo Mitsui Trust Group Inc. Sells 25,993 Shares of Mitsubishi UFJ Financial Group, Inc. $MUFG

Sumitomo Mitsui Trust Group Inc. lessened its stake in Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG) by 14.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 151,106 shares of the company’s stock after selling 25,993 shares during the quarter. Sumitomo Mitsui Trust Group Inc.’s holdings in Mitsubishi UFJ Financial Group were worth $2,564,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the company. Personal CFO Solutions LLC grew its position in Mitsubishi UFJ Financial Group by 3.6% during the 1st quarter. Personal CFO Solutions LLC now owns 53,619 shares of the company’s stock valued at $910,000 after purchasing an additional 1,870 shares during the last quarter. Frank Rimerman Advisors LLC raised its holdings in Mitsubishi UFJ Financial Group by 11.9% in the first quarter. Frank Rimerman Advisors LLC now owns 13,172 shares of the company’s stock worth $224,000 after buying an additional 1,396 shares during the last quarter. Flatrock Wealth Partners LLC purchased a new position in Mitsubishi UFJ Financial Group in the first quarter worth about $188,000. Jackson Thornton Wealth Management LLC lifted its stake in shares of Mitsubishi UFJ Financial Group by 23.7% in the first quarter. Jackson Thornton Wealth Management LLC now owns 18,251 shares of the company’s stock worth $329,000 after buying an additional 3,502 shares in the last quarter. Finally, Resonant Capital Advisors LLC lifted its stake in shares of Mitsubishi UFJ Financial Group by 16.8% in the first quarter. Resonant Capital Advisors LLC now owns 30,412 shares of the company’s stock worth $516,000 after buying an additional 4,381 shares in the last quarter. Institutional investors own 13.59% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the stock. Erste Group Bank started coverage on shares of Mitsubishi UFJ Financial Group in a research report on Thursday, June 25th. They set a “buy” rating for the company. Mitsubishi UFJ Financial Group started coverage on Mitsubishi UFJ Financial Group in a research report on Thursday, June 25th. They issued a “buy” rating on the stock. Finally, Weiss Ratings upgraded Mitsubishi UFJ Financial Group from a “buy (b-)” rating to a “buy (b)” rating in a research note on Tuesday, June 30th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Buy”.

Mitsubishi UFJ Financial Group Price Performance

MUFG opened at $22.77 on Thursday. The company has a debt-to-equity ratio of 1.75, a quick ratio of 0.98 and a current ratio of 0.98. The stock has a market capitalization of $270.29 billion, a P/E ratio of 16.15, a P/E/G ratio of 0.88 and a beta of 0.39. The company’s 50-day simple moving average is $19.95 and its two-hundred day simple moving average is $18.52. Mitsubishi UFJ Financial Group, Inc. has a 52-week low of $13.19 and a 52-week high of $22.83.

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.