Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG) Stock Position Lessened by Massachusetts Financial Services Co. MA

Massachusetts Financial Services Co. MA reduced its stake in shares of Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG) by 19.6% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 798,147 shares of the company’s stock after selling 194,866 shares during the quarter. Massachusetts Financial Services Co. MA’s holdings in Mitsubishi UFJ Financial Group were worth $8,125,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Advisors Asset Management Inc. raised its holdings in Mitsubishi UFJ Financial Group by 14.9% during the third quarter. Advisors Asset Management Inc. now owns 51,247 shares of the company’s stock worth $522,000 after purchasing an additional 6,637 shares in the last quarter. West Family Investments Inc. raised its stake in shares of Mitsubishi UFJ Financial Group by 7.5% in the 3rd quarter. West Family Investments Inc. now owns 51,739 shares of the company’s stock worth $527,000 after buying an additional 3,613 shares in the last quarter. PNC Financial Services Group Inc. boosted its stake in Mitsubishi UFJ Financial Group by 2.0% during the third quarter. PNC Financial Services Group Inc. now owns 301,488 shares of the company’s stock valued at $3,069,000 after buying an additional 5,805 shares in the last quarter. Caprock Group LLC acquired a new position in Mitsubishi UFJ Financial Group during the third quarter worth about $1,318,000. Finally, Adero Partners LLC raised its position in Mitsubishi UFJ Financial Group by 13.5% in the third quarter. Adero Partners LLC now owns 12,172 shares of the company’s stock worth $124,000 after acquiring an additional 1,448 shares in the last quarter. Institutional investors and hedge funds own 13.59% of the company’s stock.

Analysts Set New Price Targets

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

Mitsubishi UFJ Financial Group Trading Down 1.6 %

Mitsubishi UFJ Financial Group stock opened at $11.62 on Wednesday. Mitsubishi UFJ Financial Group, Inc. has a 1 year low of $8.19 and a 1 year high of $12.11. The firm’s 50 day moving average price is $10.80 and its two-hundred day moving average price is $10.58. The firm has a market cap of $135.46 billion, a price-to-earnings ratio of 11.39, a price-to-earnings-growth ratio of 1.10 and a beta of 0.59. The company has a debt-to-equity ratio of 2.04, a quick ratio of 0.92 and a current ratio of 0.91.

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.