Citigroup Inc. Lowers Stock Position in Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG)

Citigroup Inc. decreased its holdings in Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG – Get Rating) by 3.5% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 533,531 shares of the company’s stock after selling 19,585 shares during the period. Citigroup Inc.’s holdings in Mitsubishi UFJ Financial Group were worth $3,559,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of the stock. West Family Investments Inc. lifted its holdings in shares of Mitsubishi UFJ Financial Group by 306.9% during the 4th quarter. West Family Investments Inc. now owns 46,949 shares of the company’s stock valued at $313,000 after purchasing an additional 35,412 shares during the last quarter. UBS Group AG grew its position in Mitsubishi UFJ Financial Group by 628.0% during the 4th quarter. UBS Group AG now owns 507,563 shares of the company’s stock worth $3,385,000 after purchasing an additional 437,846 shares during the last quarter. Belpointe Asset Management LLC acquired a new position in Mitsubishi UFJ Financial Group during the 4th quarter valued at approximately $270,000. Brainard Capital Management LLC purchased a new position in Mitsubishi UFJ Financial Group in the 4th quarter worth $98,000. Finally, Knowledge Leaders Capital LLC acquired a new stake in Mitsubishi UFJ Financial Group during the 4th quarter worth about $133,000. Hedge funds and other institutional investors own 1.62% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com initiated coverage on Mitsubishi UFJ Financial Group in a research report on Thursday. They issued a “hold” rating on the stock.

Mitsubishi UFJ Financial Group Trading Down 3.3 %

Shares of MUFG stock opened at $6.64 on Monday. The stock has a market cap of $81.81 billion, a P/E ratio of 9.76, a P/E/G ratio of 0.85 and a beta of 0.66. Mitsubishi UFJ Financial Group, Inc. has a twelve month low of $4.31 and a twelve month high of $7.71. The stock has a 50 day moving average of $6.40 and a 200 day moving average of $6.43.

About Mitsubishi UFJ Financial Group

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Mitsubishi UFJ Financial Group, Inc operates as a holding company, which provides financial services through its subsidiaries. It operates through the following segments: Integrated Retail Banking Business Group, Integrated Corporate Banking Business Group, Integrated Trust Assets Business Group, Integrated Global Business Group, Global Markets and Others.