M&T Bank Corp Sells 25,172 Shares of Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG)

M&T Bank Corp trimmed its stake in Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG) by 4.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 530,503 shares of the company’s stock after selling 25,172 shares during the quarter. M&T Bank Corp’s holdings in Mitsubishi UFJ Financial Group were worth $6,217,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Whipplewood Advisors LLC bought a new position in Mitsubishi UFJ Financial Group in the fourth quarter valued at approximately $29,000. Venturi Wealth Management LLC grew its stake in Mitsubishi UFJ Financial Group by 72.8% in 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. Wilmington Savings Fund Society FSB bought a new position in Mitsubishi UFJ Financial Group in the third quarter valued at approximately $55,000. Steward Partners Investment Advisory LLC lifted its position in shares of Mitsubishi UFJ Financial Group by 33.9% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 5,056 shares of the company’s stock valued at $59,000 after buying an additional 1,279 shares during the last quarter. Finally, Sierra Ocean LLC acquired a new stake in shares of Mitsubishi UFJ Financial Group in the fourth quarter valued at approximately $62,000. 13.59% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised Mitsubishi UFJ Financial Group from a “sell” rating to a “hold” rating in a research report on Wednesday.

Mitsubishi UFJ Financial Group Stock Performance

MUFG opened at $13.02 on Friday. Mitsubishi UFJ Financial Group, Inc. has a 12-month low of $8.75 and a 12-month high of $13.34. The stock has a market cap of $157.07 billion, a price-to-earnings ratio of 11.94, a PEG ratio of 1.16 and a beta of 0.60. The business has a 50 day moving average of $12.44 and a 200-day moving average of $11.48. The company has a quick ratio of 0.92, a current ratio of 0.90 and a debt-to-equity ratio of 2.06.

Mitsubishi UFJ Financial Group (NYSE:MUFG) last released its quarterly earnings data on Tuesday, February 4th. The company reported $0.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.19 by $0.09. Mitsubishi UFJ Financial Group had a return on equity of 9.27% and a net margin of 14.19%. On average, equities research analysts expect that Mitsubishi UFJ Financial Group, Inc. will post 0.99 earnings per share for the current year.

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.