Royal Bank of Canada Sells 46,390 Shares of Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG)

Posted by on Mar 6th, 2023

Royal Bank of Canada reduced its holdings in Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG – Get Rating) by 1.0% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 4,496,696 shares of the company’s stock after selling 46,390 shares during the quarter. Royal Bank of Canada’s holdings in Mitsubishi UFJ Financial Group were worth $20,236,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the business. Goldman Sachs Group Inc. grew its position in shares of Mitsubishi UFJ Financial Group by 24.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 10,032,410 shares of the company’s stock worth $62,100,000 after buying an additional 1,943,618 shares during the last quarter. FMR LLC lifted its stake in shares of Mitsubishi UFJ Financial Group by 2.2% in the 2nd quarter. FMR LLC now owns 7,732,737 shares of the company’s stock valued at $41,293,000 after purchasing an additional 169,154 shares during the period. Natixis Advisors L.P. lifted its stake in shares of Mitsubishi UFJ Financial Group by 1.7% in the 2nd quarter. Natixis Advisors L.P. now owns 7,536,883 shares of the company’s stock valued at $40,247,000 after purchasing an additional 124,536 shares during the period. BlackRock Inc. raised its stake in Mitsubishi UFJ Financial Group by 7.3% during the first quarter. BlackRock Inc. now owns 5,499,957 shares of the company’s stock valued at $34,045,000 after buying an additional 373,482 shares during the last quarter. Finally, Sei Investments Co. raised its stake in Mitsubishi UFJ Financial Group by 10.1% during the second quarter. Sei Investments Co. now owns 2,926,208 shares of the company’s stock valued at $15,626,000 after buying an additional 268,108 shares during the last quarter. 1.62% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Separately, The Goldman Sachs Group began coverage on Mitsubishi UFJ Financial Group in a research note on Thursday, December 15th. They set a “conviction-buy” rating for the company.

Mitsubishi UFJ Financial Group Stock Up 3.5 %

Mitsubishi UFJ Financial Group stock opened at $7.19 on Monday. The firm has a market cap of $88.59 billion, a price-to-earnings ratio of 29.96, a PEG ratio of 1.06 and a beta of 0.69. The stock has a fifty day simple moving average of $7.17 and a two-hundred day simple moving average of $5.81. Mitsubishi UFJ Financial Group, Inc. has a 12 month low of $4.31 and a 12 month high of $7.71. The company has a current ratio of 0.90, a quick ratio of 0.92 and a debt-to-equity ratio of 2.73.

Mitsubishi UFJ Financial Group Profile

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Mitsubishi UFJ Financial Group, Inc operates as a holding company, which provides financial services through its subsidiaries. It operates through the following segments: Integrated Retail Banking Business Group, Integrated Corporate Banking Business Group, Integrated Trust Assets Business Group, Integrated Global Business Group, Global Markets and Others.

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Institutional Ownership by Quarter for Mitsubishi UFJ Financial Group (NYSE:MUFG)

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