Augustine Asset Management Inc. Cuts Stake in Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG)

Augustine Asset Management Inc. cut its position in Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG) by 2.4% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 350,213 shares of the company’s stock after selling 8,693 shares during the period. Mitsubishi UFJ Financial Group makes up about 1.1% of Augustine Asset Management Inc.’s investment portfolio, making the stock its 17th largest holding. Augustine Asset Management Inc.’s holdings in Mitsubishi UFJ Financial Group were worth $4,104,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in MUFG. XY Capital Ltd purchased a new stake in shares of Mitsubishi UFJ Financial Group during the fourth quarter valued at $245,000. Kingsview Wealth Management LLC bought a new position in Mitsubishi UFJ Financial Group during the 4th quarter valued at about $153,000. Golden State Wealth Management LLC purchased a new stake in shares of Mitsubishi UFJ Financial Group during the 4th quarter valued at about $111,000. Adero Partners LLC grew its stake in shares of Mitsubishi UFJ Financial Group by 31.8% in the fourth quarter. Adero Partners LLC now owns 16,045 shares of the company’s stock worth $188,000 after acquiring an additional 3,873 shares during the period. Finally, Bleakley Financial Group LLC grew its stake in shares of Mitsubishi UFJ Financial Group by 16.5% in the fourth quarter. Bleakley Financial Group LLC now owns 29,851 shares of the company’s stock worth $350,000 after acquiring an additional 4,238 shares during the period. Institutional investors own 13.59% of the company’s stock.

Wall Street Analyst Weigh In

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

Mitsubishi UFJ Financial Group Stock Performance

MUFG stock opened at $12.42 on Wednesday. The company has a market cap of $149.88 billion, a P/E ratio of 11.39, a price-to-earnings-growth ratio of 1.13 and a beta of 0.61. The company has a debt-to-equity ratio of 2.06, a current ratio of 0.90 and a quick ratio of 0.92. Mitsubishi UFJ Financial Group, Inc. has a 1 year low of $8.75 and a 1 year high of $12.96. The stock’s fifty day moving average price is $12.06 and its 200-day moving average price is $11.15.

Mitsubishi UFJ Financial Group (NYSE:MUFG) last released its quarterly earnings results on Tuesday, February 4th. The company reported $0.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.19 by $0.09. Mitsubishi UFJ Financial Group had a return on equity of 9.27% and a net margin of 14.19%. On average, equities analysts forecast that Mitsubishi UFJ Financial Group, Inc. will post 0.99 earnings per share for the current year.

Mitsubishi UFJ Financial Group Company Profile

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.