Brandes Investment Partners LP Cuts Stock Position in Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG)

Brandes Investment Partners LP decreased its stake in shares of Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG) by 27.2% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,339,322 shares of the company’s stock after selling 501,406 shares during the quarter. Brandes Investment Partners LP’s holdings in Mitsubishi UFJ Financial Group were worth $14,150,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of MUFG. Rise Advisors LLC bought a new position in shares of Mitsubishi UFJ Financial Group in the first quarter worth approximately $27,000. Whittier Trust Co. of Nevada Inc. bought a new stake in shares of Mitsubishi UFJ Financial Group in the 1st quarter worth $39,000. Addison Advisors LLC raised its stake in shares of Mitsubishi UFJ Financial Group by 123.4% in the second quarter. Addison Advisors LLC now owns 4,609 shares of the company’s stock worth $50,000 after purchasing an additional 2,546 shares during the last quarter. Family Firm Inc. bought a new position in shares of Mitsubishi UFJ Financial Group during the second quarter valued at $53,000. Finally, EverSource Wealth Advisors LLC boosted its position in shares of Mitsubishi UFJ Financial Group by 60.9% during the first quarter. EverSource Wealth Advisors LLC now owns 5,870 shares of the company’s stock valued at $58,000 after buying an additional 2,222 shares during the last quarter. 13.59% of the stock is owned by hedge funds and other institutional investors.

Mitsubishi UFJ Financial Group Price Performance

Shares of NYSE:MUFG opened at $10.13 on Monday. The business has a 50-day simple moving average of $10.39 and a two-hundred day simple moving average of $10.35. The company has a debt-to-equity ratio of 2.25, a quick ratio of 0.92 and a current ratio of 0.92. The firm has a market cap of $118.79 billion, a price-to-earnings ratio of 11.64, a price-to-earnings-growth ratio of 0.94 and a beta of 0.60. Mitsubishi UFJ Financial Group, Inc. has a fifty-two week low of $7.89 and a fifty-two week high of $11.72.

Mitsubishi UFJ Financial Group (NYSE:MUFG) last posted its earnings results on Thursday, August 1st. The company reported $0.30 EPS for the quarter, topping analysts’ consensus estimates of $0.27 by $0.03. The business had revenue of $22.61 billion during the quarter. Mitsubishi UFJ Financial Group had a net margin of 11.73% and a return on equity of 7.46%. On average, analysts expect that Mitsubishi UFJ Financial Group, Inc. will post 0.98 earnings per share for the current year.

Mitsubishi UFJ Financial Group 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.