Ritholtz Wealth Management Decreases Position in Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG)

Ritholtz Wealth Management reduced its stake in shares of Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG) by 7.0% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 219,830 shares of the company’s stock after selling 16,638 shares during the quarter. Ritholtz Wealth Management’s holdings in Mitsubishi UFJ Financial Group were worth $2,576,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in the company. Venturi Wealth Management LLC grew its stake in Mitsubishi UFJ Financial Group by 72.8% in the third quarter. Venturi Wealth Management LLC now owns 5,292 shares of the company’s stock worth $54,000 after purchasing an additional 2,229 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new position in shares of Mitsubishi UFJ Financial Group in the 3rd quarter worth approximately $55,000. Versant Capital Management Inc acquired a new stake in shares of Mitsubishi UFJ Financial Group during the 4th quarter valued at approximately $71,000. Eagle Bay Advisors LLC lifted its stake in Mitsubishi UFJ Financial Group by 9.3% during the fourth quarter. Eagle Bay Advisors LLC now owns 10,094 shares of the company’s stock worth $118,000 after purchasing an additional 858 shares during the last quarter. Finally, Marcum Wealth LLC acquired a new position in Mitsubishi UFJ Financial Group in the fourth quarter worth $119,000. 13.59% of the stock is owned by institutional investors and hedge funds.

Mitsubishi UFJ Financial Group Stock Performance

Shares of MUFG stock opened at $12.06 on Friday. The company has a quick ratio of 0.92, a current ratio of 0.91 and a debt-to-equity ratio of 2.04. The business has a 50 day moving average of $11.81 and a two-hundred day moving average of $10.99. The company has a market cap of $145.48 billion, a P/E ratio of 11.82, a PEG ratio of 1.09 and a beta of 0.62. Mitsubishi UFJ Financial Group, Inc. has a 52 week low of $8.73 and a 52 week high of $12.31.

Analyst Ratings Changes

Separately, StockNews.com upgraded shares of 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.