Envestnet Portfolio Solutions Inc. Trims Holdings in Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG)

Envestnet Portfolio Solutions Inc. trimmed its stake in Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG) by 38.7% during the first quarter, Holdings Channel.com reports. The fund owned 61,140 shares of the company’s stock after selling 38,533 shares during the period. Envestnet Portfolio Solutions Inc.’s holdings in Mitsubishi UFJ Financial Group were worth $833,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Principal Securities Inc. grew its holdings in shares of Mitsubishi UFJ Financial Group by 55.8% in the fourth quarter. Principal Securities Inc. now owns 10,652 shares of the company’s stock valued at $125,000 after purchasing an additional 3,816 shares in the last quarter. Atria Wealth Solutions Inc. grew its holdings in shares of Mitsubishi UFJ Financial Group by 26.6% in the fourth quarter. Atria Wealth Solutions Inc. now owns 13,867 shares of the company’s stock valued at $163,000 after purchasing an additional 2,915 shares in the last quarter. Private Advisor Group LLC grew its holdings in shares of Mitsubishi UFJ Financial Group by 1.6% in the fourth quarter. Private Advisor Group LLC now owns 66,349 shares of the company’s stock valued at $778,000 after purchasing an additional 1,040 shares in the last quarter. Ieq Capital LLC grew its holdings in shares of Mitsubishi UFJ Financial Group by 16.6% in the fourth quarter. Ieq Capital LLC now owns 22,735 shares of the company’s stock valued at $266,000 after purchasing an additional 3,244 shares in the last quarter. Finally, Addison Advisors LLC grew its holdings in shares of Mitsubishi UFJ Financial Group by 26.0% in the fourth quarter. Addison Advisors LLC now owns 6,129 shares of the company’s stock valued at $72,000 after purchasing an additional 1,263 shares in the last quarter. 13.59% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, Wall Street Zen upgraded shares of Mitsubishi UFJ Financial Group from a “sell” rating to a “hold” rating in a report on Saturday, June 14th.

Mitsubishi UFJ Financial Group Trading Down 1.2%

Shares of MUFG opened at $13.61 on Thursday. Mitsubishi UFJ Financial Group, Inc. has a twelve month low of $8.75 and a twelve month high of $15.03. The firm’s fifty day simple moving average is $13.17 and its 200-day simple moving average is $12.71. The firm has a market capitalization of $164.24 billion, a price-to-earnings ratio of 12.96, a PEG ratio of 0.92 and a beta of 0.42.

Mitsubishi UFJ Financial Group (NYSE:MUFG) last announced its quarterly earnings results on Thursday, May 15th. The company reported $0.13 earnings per share for the quarter, beating analysts’ consensus estimates of $0.03 by $0.10. Mitsubishi UFJ Financial Group had a net margin of 13.70% and a return on equity of 9.18%. The firm had revenue of $22.91 billion during the quarter, compared to analysts’ expectations of $6.47 billion. On average, analysts predict that Mitsubishi UFJ Financial Group, Inc. will post 0.99 earnings per share 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.