Commerce Bank Cuts Stock Holdings in Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG)

Commerce Bank decreased its holdings in shares of Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG) by 21.6% in the 3rd quarter, Holdings Channel reports. The firm owned 16,600 shares of the company’s stock after selling 4,562 shares during the period. Commerce Bank’s holdings in Mitsubishi UFJ Financial Group were worth $169,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of MUFG. Thornburg Investment Management Inc. grew its holdings in shares of Mitsubishi UFJ Financial Group by 154.2% during the second quarter. Thornburg Investment Management Inc. now owns 1,105,928 shares of the company’s stock worth $12,041,000 after purchasing an additional 670,787 shares in the last quarter. Teachers Retirement System of The State of Kentucky lifted its position in Mitsubishi UFJ Financial Group by 20.9% in the 1st quarter. Teachers Retirement System of The State of Kentucky now owns 2,342,140 shares of the company’s stock worth $23,960,000 after buying an additional 405,000 shares during the last quarter. Natixis Advisors LLC lifted its position in Mitsubishi UFJ Financial Group by 3.2% in the 2nd quarter. Natixis Advisors LLC now owns 12,059,977 shares of the company’s stock worth $130,248,000 after buying an additional 379,105 shares during the last quarter. Chevy Chase Trust Holdings LLC lifted its position in Mitsubishi UFJ Financial Group by 3.8% in the 2nd quarter. Chevy Chase Trust Holdings LLC now owns 5,879,191 shares of the company’s stock worth $63,495,000 after buying an additional 217,799 shares during the last quarter. Finally, Retireful LLC bought a new stake in Mitsubishi UFJ Financial Group in the 2nd quarter worth approximately $2,174,000. Hedge funds and other institutional investors own 13.59% of the company’s stock.

Mitsubishi UFJ Financial Group Stock Performance

NYSE:MUFG opened at $11.59 on Thursday. The company has a debt-to-equity ratio of 2.04, a current ratio of 0.91 and a quick ratio of 0.92. Mitsubishi UFJ Financial Group, Inc. has a 1-year low of $8.19 and a 1-year high of $12.11. The business has a 50 day moving average of $10.83 and a 200 day moving average of $10.59. The company has a market capitalization of $135.05 billion, a price-to-earnings ratio of 11.36, a PEG ratio of 1.10 and a beta of 0.59.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded Mitsubishi UFJ Financial Group from a “sell” rating to a “hold” rating in a research report on Saturday, November 23rd.

About Mitsubishi UFJ Financial Group

Mitsubishi UFJ Financial Group, Inc operates as the bank holding company, that engages in a range of financial businesses in Japan, the United States, Europe, Asia/Oceania, and internationally. It operates through seven segments: Digital Service, Retail & Commercial Banking, Japanese Corporate & Investment Banking, Global Commercial Banking, Asset Management & Investor Services, Global Corporate & Investment Banking, and Global Markets.