Sit Investment Associates Inc. Reduces Position in Mitsubishi UFJ Financial Group Inc (MTU)

Sit Investment Associates Inc. cut its position in shares of Mitsubishi UFJ Financial Group Inc (NYSE:MTU) by 2.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 428,826 shares of the bank’s stock after selling 10,600 shares during the period. Sit Investment Associates Inc.’s holdings in Mitsubishi UFJ Financial Group were worth $3,118,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in MTU. Assetmark Inc. boosted its stake in Mitsubishi UFJ Financial Group by 108.4% during the third quarter. Assetmark Inc. now owns 17,553 shares of the bank’s stock valued at $113,000 after buying an additional 9,132 shares during the last quarter. Private Advisor Group LLC bought a new position in Mitsubishi UFJ Financial Group during the third quarter valued at approximately $114,000. Trexquant Investment LP bought a new position in Mitsubishi UFJ Financial Group during the third quarter valued at approximately $116,000. Advisor Group Inc. boosted its stake in Mitsubishi UFJ Financial Group by 18.1% during the second quarter. Advisor Group Inc. now owns 18,700 shares of the bank’s stock valued at $126,000 after buying an additional 2,869 shares during the last quarter. Finally, HighTower Advisors LLC boosted its stake in Mitsubishi UFJ Financial Group by 13.7% during the second quarter. HighTower Advisors LLC now owns 24,147 shares of the bank’s stock valued at $162,000 after buying an additional 2,911 shares during the last quarter. 1.03% of the stock is owned by institutional investors.

A number of equities analysts recently commented on MTU shares. Daiwa Capital Markets lowered Mitsubishi UFJ Financial Group from an “outperform” rating to a “neutral” rating in a research note on Wednesday. ValuEngine raised Mitsubishi UFJ Financial Group from a “buy” rating to a “strong-buy” rating in a research note on Monday, October 16th. Finally, Zacks Investment Research lowered Mitsubishi UFJ Financial Group from a “buy” rating to a “hold” rating in a research note on Tuesday, September 19th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. Mitsubishi UFJ Financial Group currently has an average rating of “Buy” and a consensus target price of $7.00.

Shares of Mitsubishi UFJ Financial Group Inc (MTU) opened at $7.96 on Friday. The stock has a market capitalization of $106,897.14, a P/E ratio of 10.90, a PEG ratio of 1.75 and a beta of 1.66. Mitsubishi UFJ Financial Group Inc has a one year low of $5.94 and a one year high of $7.98. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.76.

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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.

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

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