Mitsubishi UFJ Financial Group Inc (MTU) Shares Sold by Accident Compensation Corp

Accident Compensation Corp trimmed its stake in Mitsubishi UFJ Financial Group Inc (NYSE:MTU) by 9.4% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 288,589 shares of the bank’s stock after selling 30,000 shares during the quarter. Accident Compensation Corp’s holdings in Mitsubishi UFJ Financial Group were worth $1,859,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Bank of Montreal Can raised its position in Mitsubishi UFJ Financial Group by 174.3% during the second quarter. Bank of Montreal Can now owns 274,254 shares of the bank’s stock valued at $1,851,000 after acquiring an additional 174,275 shares in the last quarter. US Bancorp DE raised its position in shares of Mitsubishi UFJ Financial Group by 36.8% in the second quarter. US Bancorp DE now owns 131,325 shares of the bank’s stock valued at $886,000 after purchasing an additional 35,317 shares during the period. Russell Investments Group Ltd. bought a new position in shares of Mitsubishi UFJ Financial Group in the second quarter valued at approximately $277,000. TD Asset Management Inc. raised its position in shares of Mitsubishi UFJ Financial Group by 7.5% in the second quarter. TD Asset Management Inc. now owns 965,675 shares of the bank’s stock valued at $6,518,000 after purchasing an additional 67,108 shares during the period. Finally, Advisor Partners LLC raised its position in shares of Mitsubishi UFJ Financial Group by 71.3% in the second quarter. Advisor Partners LLC now owns 29,954 shares of the bank’s stock valued at $202,000 after purchasing an additional 12,470 shares during the period. 1.04% of the stock is owned by institutional investors and hedge funds.

Shares of Mitsubishi UFJ Financial Group Inc (MTU) traded down $0.05 during trading on Wednesday, hitting $7.06. 1,017,100 shares of the stock traded hands, compared to its average volume of 1,704,265. The firm has a market capitalization of $95,482.25, a P/E ratio of 9.74 and a beta of 1.65. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.85 and a current ratio of 0.85. Mitsubishi UFJ Financial Group Inc has a twelve month low of $5.94 and a twelve month high of $7.15.

Several brokerages have recently issued reports on MTU. Zacks Investment Research downgraded shares of Mitsubishi UFJ Financial Group from a “buy” rating to a “hold” rating in a research note on Tuesday, September 19th. ValuEngine downgraded shares of Mitsubishi UFJ Financial Group from a “strong-buy” rating to a “buy” rating in a research note on Friday, September 1st. Finally, BidaskClub downgraded shares of Mitsubishi UFJ Financial Group from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 12th. One research analyst has rated the stock with a sell rating, one has given a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $7.00.

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Mitsubishi UFJ Financial Group Profile

Mitsubishi UFJ Financial Group, Inc (MUFJ) is a bank holding company. The Company’s segments include Integrated Retail Banking Business Group, Integrated Corporate Banking Business Group, Integrated Trust Assets Business Group, Integrated Global Business Group and Krungsri. The Company’s services include commercial banking, trust banking, securities, credit cards, consumer finance, asset management, leasing and various fields of financial services.

Institutional Ownership by Quarter for Mitsubishi UFJ Financial Group (NYSE:MTU)

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