Bank of New York Mellon Corp Sells 25,336 Shares of Mitsubishi UFJ Financial Group Inc (MTU)

Bank of New York Mellon Corp lowered its position in Mitsubishi UFJ Financial Group Inc (NYSE:MTU) by 9.6% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 238,119 shares of the bank’s stock after selling 25,336 shares during the period. Bank of New York Mellon Corp’s holdings in Mitsubishi UFJ Financial Group were worth $1,533,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of MTU. Advisor Group Inc. boosted its position in Mitsubishi UFJ Financial Group by 18.1% in the 2nd quarter. Advisor Group Inc. now owns 18,700 shares of the bank’s stock worth $126,000 after purchasing an additional 2,869 shares in the last quarter. HighTower Advisors LLC boosted its position in Mitsubishi UFJ Financial Group by 13.7% in the 2nd quarter. HighTower Advisors LLC now owns 24,147 shares of the bank’s stock worth $162,000 after purchasing an additional 2,911 shares in the last quarter. Financial Counselors Inc. boosted its position in Mitsubishi UFJ Financial Group by 2.7% in the 2nd quarter. Financial Counselors Inc. now owns 34,142 shares of the bank’s stock worth $230,000 after purchasing an additional 895 shares in the last quarter. Well Done LLC purchased a new stake in Mitsubishi UFJ Financial Group in the 3rd quarter worth approximately $246,000. Finally, Russell Investments Group Ltd. purchased a new stake in Mitsubishi UFJ Financial Group in the 2nd quarter worth approximately $277,000. Hedge funds and other institutional investors own 1.03% of the company’s stock.

Several research firms have commented on MTU. Daiwa Capital Markets lowered Mitsubishi UFJ Financial Group from an “outperform” rating to a “neutral” rating in a research report on Wednesday. Zacks Investment Research upgraded Mitsubishi UFJ Financial Group from a “hold” rating to a “buy” rating and set a $7.00 price objective on the stock in a research report on Thursday, September 21st. Finally, ValuEngine upgraded Mitsubishi UFJ Financial Group from a “buy” rating to a “strong-buy” rating in a research report on Monday, October 16th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $7.00.

Mitsubishi UFJ Financial Group Inc (NYSE:MTU) opened at $7.83 on Thursday. Mitsubishi UFJ Financial Group Inc has a 52-week low of $5.94 and a 52-week high of $7.86. The stock has a market capitalization of $109,620.00, a P/E ratio of 11.19, a PEG ratio of 1.68 and a beta of 1.68. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.85 and a current ratio of 0.85.

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About Mitsubishi UFJ Financial Group

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.

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

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