Mitsubishi UFJ Financial Group, Inc. $MUFG Shares Sold by Kestra Advisory Services LLC

Kestra Advisory Services LLC lowered its position in Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG) by 55.3% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 21,715 shares of the company’s stock after selling 26,863 shares during the period. Kestra Advisory Services LLC’s holdings in Mitsubishi UFJ Financial Group were worth $369,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of the business. Laurel Wealth Advisors LLC purchased a new position in Mitsubishi UFJ Financial Group during the fourth quarter worth approximately $26,000. JPL Wealth Management LLC acquired a new stake in shares of Mitsubishi UFJ Financial Group in the third quarter valued at about $34,000. Sound Income Strategies LLC increased its stake in shares of Mitsubishi UFJ Financial Group by 716.4% during the fourth quarter. Sound Income Strategies LLC now owns 2,482 shares of the company’s stock worth $39,000 after purchasing an additional 2,178 shares in the last quarter. Root Financial Partners LLC raised its position in shares of Mitsubishi UFJ Financial Group by 96.2% during the 4th quarter. Root Financial Partners LLC now owns 2,562 shares of the company’s stock worth $41,000 after purchasing an additional 1,256 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd lifted its stake in Mitsubishi UFJ Financial Group by 206.1% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 3,168 shares of the company’s stock valued at $50,000 after buying an additional 2,133 shares in the last quarter. 13.59% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

MUFG has been the subject of a number of research analyst reports. Mitsubishi UFJ Financial Group assumed coverage on Mitsubishi UFJ Financial Group in a report on Thursday, June 25th. They set a “buy” rating for the company. Weiss Ratings lowered Mitsubishi UFJ Financial Group from a “buy (b)” rating to a “hold (c)” rating in a research note on Tuesday, July 14th. Finally, Erste Group Bank initiated coverage on Mitsubishi UFJ Financial Group in a research report on Thursday, June 25th. They set a “buy” rating for the company. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy”.

Mitsubishi UFJ Financial Group Stock Performance

NYSE:MUFG opened at $21.97 on Thursday. The company has a debt-to-equity ratio of 1.75, a current ratio of 0.98 and a quick ratio of 0.98. The firm has a market capitalization of $260.75 billion, a price-to-earnings ratio of 15.58, a PEG ratio of 1.08 and a beta of 0.39. The company’s 50-day moving average is $20.67 and its two-hundred day moving average is $18.95. Mitsubishi UFJ Financial Group, Inc. has a 1-year low of $13.62 and a 1-year high of $23.25.

Mitsubishi UFJ Financial Group Profile

Mitsubishi UFJ Financial Group, Inc (MUFG) is a Tokyo-based financial services holding company and one of Japan’s largest banking groups and among the world’s leading financial institutions. The group was formed through the integration of Mitsubishi Tokyo Financial Group and UFJ Holdings and operates a comprehensive suite of banking and financial services for retail, corporate, and institutional clients. MUFG’s core banking operations are conducted through its commercial banking arm and a network of domestic and international subsidiaries and affiliates.

MUFG offers a broad range of products and services including commercial and retail banking, corporate and investment banking, global transaction banking, trust banking, asset management, securities and brokerage services, credit cards, consumer finance, leasing and custody services.