Fisher Asset Management LLC Decreases Stake in Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG)

Fisher Asset Management LLC lowered its holdings in Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG) by 0.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,848,706 shares of the company’s stock after selling 4,604 shares during the quarter. Fisher Asset Management LLC owned 0.07% of Mitsubishi UFJ Financial Group worth $91,987,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. Whipplewood Advisors LLC bought a new stake in shares of Mitsubishi UFJ Financial Group in the fourth quarter worth $29,000. Venturi Wealth Management LLC grew its holdings in shares of 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 acquiring an additional 2,229 shares during the period. Wilmington Savings Fund Society FSB bought a new stake in shares of Mitsubishi UFJ Financial Group in the third quarter worth $55,000. Sierra Ocean LLC bought a new stake in shares of Mitsubishi UFJ Financial Group in the fourth quarter worth $62,000. Finally, Versant Capital Management Inc bought a new stake in shares of Mitsubishi UFJ Financial Group in the fourth quarter worth $71,000. Hedge funds and other institutional investors own 13.59% of the company’s stock.

Mitsubishi UFJ Financial Group Stock Performance

NYSE:MUFG opened at $12.74 on Friday. The stock has a 50-day simple moving average of $12.31 and a two-hundred day simple moving average of $11.39. Mitsubishi UFJ Financial Group, Inc. has a 52-week low of $8.75 and a 52-week high of $13.34. The company has a debt-to-equity ratio of 2.06, a quick ratio of 0.92 and a current ratio of 0.90. The firm has a market capitalization of $153.68 billion, a PE ratio of 11.68, a P/E/G ratio of 1.16 and a beta of 0.61.

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 the consensus estimate 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%. Analysts forecast that Mitsubishi UFJ Financial Group, Inc. will post 0.99 EPS for the current year.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered Mitsubishi UFJ Financial Group from a “hold” rating to a “sell” rating in a report on Tuesday, February 25th.

Mitsubishi UFJ Financial Group 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.