Sequoia Financial Advisors LLC Reduces Position in Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG)

Sequoia Financial Advisors LLC decreased its position in Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG) by 10.3% in the third quarter, HoldingsChannel.com reports. The fund owned 48,491 shares of the company’s stock after selling 5,576 shares during the period. Sequoia Financial Advisors LLC’s holdings in Mitsubishi UFJ Financial Group were worth $494,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also modified their holdings of the company. Whittier Trust Co. of Nevada Inc. purchased a new position in shares of Mitsubishi UFJ Financial Group during the 1st quarter valued at approximately $39,000. Addison Advisors LLC increased its position in shares of Mitsubishi UFJ Financial Group by 123.4% in the second quarter. Addison Advisors LLC now owns 4,609 shares of the company’s stock valued at $50,000 after buying an additional 2,546 shares in the last quarter. Family Firm Inc. acquired a new position in shares of Mitsubishi UFJ Financial Group during the 2nd quarter worth approximately $53,000. EverSource Wealth Advisors LLC grew its stake in Mitsubishi UFJ Financial Group by 60.9% in the 1st quarter. EverSource Wealth Advisors LLC now owns 5,870 shares of the company’s stock valued at $58,000 after acquiring an additional 2,222 shares during the period. Finally, Hexagon Capital Partners LLC grew its position in shares of Mitsubishi UFJ Financial Group by 29.1% in the first quarter. Hexagon Capital Partners LLC now owns 6,570 shares of the company’s stock valued at $67,000 after purchasing an additional 1,481 shares during the period. 13.59% of the stock is owned by institutional investors and hedge funds.

Mitsubishi UFJ Financial Group Price Performance

Shares of Mitsubishi UFJ Financial Group stock opened at $10.22 on Monday. Mitsubishi UFJ Financial Group, Inc. has a 12 month low of $7.89 and a 12 month high of $11.72. The stock has a market capitalization of $119.14 billion, a P/E ratio of 12.31, a PEG ratio of 0.98 and a beta of 0.59. The company has a debt-to-equity ratio of 2.25, a current ratio of 0.92 and a quick ratio of 0.92. The business has a 50 day simple moving average of $10.40 and a two-hundred day simple moving average of $10.38.

Mitsubishi UFJ Financial Group (NYSE:MUFG) last issued its earnings results on Thursday, August 1st. The company reported $0.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.27 by $0.03. The business had revenue of $22.61 billion during the quarter. Mitsubishi UFJ Financial Group had a return on equity of 7.46% and a net margin of 11.73%. As a group, analysts predict that Mitsubishi UFJ Financial Group, Inc. will post 0.95 EPS for the current fiscal year.

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.