Truist Financial Corp Sells 27,418 Shares of Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG)

Truist Financial Corp lowered its position in Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFGGet Rating) by 10.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 233,878 shares of the company’s stock after selling 27,418 shares during the quarter. Truist Financial Corp’s holdings in Mitsubishi UFJ Financial Group were worth $1,052,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in MUFG. JPMorgan Chase & Co. increased its holdings in shares of Mitsubishi UFJ Financial Group by 6.8% in the first quarter. JPMorgan Chase & Co. now owns 53,020 shares of the company’s stock worth $328,000 after purchasing an additional 3,360 shares during the period. Raymond James Financial Services Advisors Inc. bought a new position in shares of Mitsubishi UFJ Financial Group in the first quarter worth $78,000. Bank of New York Mellon Corp increased its holdings in shares of Mitsubishi UFJ Financial Group by 9.9% in the first quarter. Bank of New York Mellon Corp now owns 273,357 shares of the company’s stock worth $1,692,000 after purchasing an additional 24,602 shares during the period. HighTower Advisors LLC increased its holdings in shares of Mitsubishi UFJ Financial Group by 2.8% in the first quarter. HighTower Advisors LLC now owns 79,795 shares of the company’s stock worth $496,000 after purchasing an additional 2,152 shares during the period. Finally, Citigroup Inc. increased its holdings in shares of Mitsubishi UFJ Financial Group by 24.7% in the first quarter. Citigroup Inc. now owns 527,769 shares of the company’s stock worth $3,267,000 after purchasing an additional 104,483 shares during the period. Institutional investors own 1.62% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. StockNews.com assumed coverage on shares of Mitsubishi UFJ Financial Group in a report on Wednesday, October 12th. They issued a “hold” rating on the stock. The Goldman Sachs Group started coverage on Mitsubishi UFJ Financial Group in a research note on Thursday, December 15th. They issued a “conviction-buy” rating on the stock.

Mitsubishi UFJ Financial Group Stock Down 1.2 %

MUFG opened at $7.25 on Friday. The stock has a market cap of $89.33 billion, a PE ratio of 19.08, a P/E/G ratio of 1.64 and a beta of 0.67. The company has a quick ratio of 0.92, a current ratio of 0.89 and a debt-to-equity ratio of 2.69. Mitsubishi UFJ Financial Group, Inc. has a 52 week low of $4.31 and a 52 week high of $7.71. The business’s fifty day simple moving average is $6.06 and its 200 day simple moving average is $5.39.

Mitsubishi UFJ Financial Group (NYSE:MUFGGet Rating) last released its earnings results on Monday, November 14th. The company reported $0.09 EPS for the quarter, beating analysts’ consensus estimates of $0.02 by $0.07. The business had revenue of $15.57 billion for the quarter. Mitsubishi UFJ Financial Group had a return on equity of 4.24% and a net margin of 8.07%. As a group, research analysts expect that Mitsubishi UFJ Financial Group, Inc. will post 0.63 earnings per share for the current fiscal year.

Mitsubishi UFJ Financial Group Profile

(Get Rating)

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.

See Also

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

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