Huntington National Bank Lowers Stock Holdings in Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG)

Huntington National Bank lowered its stake in Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG) by 20.8% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 11,966 shares of the company’s stock after selling 3,138 shares during the quarter. Huntington National Bank’s holdings in Mitsubishi UFJ Financial Group were worth $140,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Whipplewood Advisors LLC bought a new stake in Mitsubishi UFJ Financial Group in the fourth quarter worth $29,000. Wilmington Savings Fund Society FSB bought a new position in Mitsubishi UFJ Financial Group in the 3rd quarter worth about $55,000. Steward Partners Investment Advisory LLC increased its stake in Mitsubishi UFJ Financial Group by 33.9% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 5,056 shares of the company’s stock valued at $59,000 after purchasing an additional 1,279 shares in the last quarter. Sierra Ocean LLC purchased a new position in Mitsubishi UFJ Financial Group in the fourth quarter worth about $62,000. Finally, Versant Capital Management Inc bought a new position in shares of Mitsubishi UFJ Financial Group in the fourth quarter worth approximately $71,000. Institutional investors own 13.59% of the company’s stock.

Mitsubishi UFJ Financial Group Price Performance

MUFG opened at $11.05 on Friday. The company’s 50-day simple moving average is $13.10 and its two-hundred day simple moving average is $11.93. Mitsubishi UFJ Financial Group, Inc. has a 52-week low of $8.75 and a 52-week high of $15.03. The stock has a market capitalization of $133.29 billion, a P/E ratio of 10.13, a P/E/G ratio of 1.16 and a beta of 0.39. The company has a debt-to-equity ratio of 2.06, a quick ratio of 0.92 and a current ratio of 0.90.

Mitsubishi UFJ Financial Group (NYSE:MUFG) last issued its quarterly earnings data on Tuesday, February 4th. The company reported $0.28 EPS for the quarter, topping 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%. As a group, analysts predict that Mitsubishi UFJ Financial Group, Inc. will post 0.99 EPS for the current year.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised shares of Mitsubishi UFJ Financial Group from a “sell” rating to a “hold” rating in a research report on Tuesday, April 1st.

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.