Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG) Shares Sold by Cresset Asset Management LLC

Cresset Asset Management LLC lowered its holdings in shares of Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG) by 91.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 15,856 shares of the company’s stock after selling 164,839 shares during the period. Cresset Asset Management LLC’s holdings in Mitsubishi UFJ Financial Group were worth $186,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Whipplewood Advisors LLC acquired a new position in shares of Mitsubishi UFJ Financial Group in the fourth quarter valued at approximately $29,000. Steward Partners Investment Advisory LLC increased its position in shares of Mitsubishi UFJ Financial Group by 33.9% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 5,056 shares of the company’s stock worth $59,000 after acquiring an additional 1,279 shares in the last quarter. Sierra Ocean LLC acquired a new stake in shares of Mitsubishi UFJ Financial Group in the fourth quarter worth $62,000. Addison Advisors LLC increased its position 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 worth $72,000 after acquiring an additional 1,263 shares in the last quarter. Finally, Cary Street Partners Financial LLC purchased a new position in shares of Mitsubishi UFJ Financial Group in the fourth quarter valued at $98,000. Institutional investors and hedge funds own 13.59% of the company’s stock.

Mitsubishi UFJ Financial Group Trading Up 0.6%

NYSE MUFG opened at $13.54 on Monday. Mitsubishi UFJ Financial Group, Inc. has a 12 month low of $8.75 and a 12 month high of $15.03. The company has a debt-to-equity ratio of 2.06, a current ratio of 0.90 and a quick ratio of 0.92. The company has a market capitalization of $163.34 billion, a price-to-earnings ratio of 12.42, a price-to-earnings-growth ratio of 1.16 and a beta of 0.39. The company’s fifty day moving average price is $12.71 and its two-hundred day moving average price is $12.33.

Mitsubishi UFJ Financial Group (NYSE:MUFG) last issued its earnings results on Thursday, May 15th. The company reported $0.13 earnings per share for the quarter, topping analysts’ consensus estimates of $0.03 by $0.10. The company had revenue of $22.91 billion for the quarter, compared to analysts’ expectations of $6.47 billion. Mitsubishi UFJ Financial Group had a net margin of 14.19% and a return on equity of 9.27%. As a group, research analysts predict that Mitsubishi UFJ Financial Group, Inc. will post 0.99 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

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

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.