Heathbridge Capital Management Ltd. Sells 7,900 Shares of Mitsubishi UFJ Financial Group Inc (NYSE:MUFG)

Heathbridge Capital Management Ltd. reduced its position in shares of Mitsubishi UFJ Financial Group Inc (NYSE:MUFG) by 0.2% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 5,185,850 shares of the company’s stock after selling 7,900 shares during the quarter. Mitsubishi UFJ Financial Group comprises 5.0% of Heathbridge Capital Management Ltd.’s holdings, making the stock its 17th biggest position. Heathbridge Capital Management Ltd.’s holdings in Mitsubishi UFJ Financial Group were worth $24,633,000 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. Commerce Bank raised its holdings in Mitsubishi UFJ Financial Group by 20.2% during the 1st quarter. Commerce Bank now owns 13,880 shares of the company’s stock worth $69,000 after purchasing an additional 2,330 shares during the last quarter. Lindbrook Capital LLC raised its holdings in Mitsubishi UFJ Financial Group by 17.7% during the 2nd quarter. Lindbrook Capital LLC now owns 16,202 shares of the company’s stock worth $76,000 after purchasing an additional 2,437 shares during the last quarter. Hartford Investment Management Co. raised its holdings in Mitsubishi UFJ Financial Group by 8.4% during the 1st quarter. Hartford Investment Management Co. now owns 32,991 shares of the company’s stock worth $163,000 after purchasing an additional 2,561 shares during the last quarter. Cornerstone Advisors Inc. raised its holdings in Mitsubishi UFJ Financial Group by 121.2% during the 1st quarter. Cornerstone Advisors Inc. now owns 6,022 shares of the company’s stock worth $30,000 after purchasing an additional 3,299 shares during the last quarter. Finally, Confluence Investment Management LLC raised its holdings in Mitsubishi UFJ Financial Group by 2.4% during the 2nd quarter. Confluence Investment Management LLC now owns 152,763 shares of the company’s stock worth $726,000 after purchasing an additional 3,531 shares during the last quarter. 1.14% of the stock is owned by hedge funds and other institutional investors.

MUFG has been the subject of several analyst reports. Zacks Investment Research upgraded Mitsubishi UFJ Financial Group from a “sell” rating to a “hold” rating in a research report on Monday, May 13th. ValuEngine upgraded Mitsubishi UFJ Financial Group from a “strong sell” rating to a “sell” rating in a research report on Thursday, August 1st. One research analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company. The company currently has an average rating of “Hold”.

Shares of Mitsubishi UFJ Financial Group stock traded up $0.04 during trading on Tuesday, hitting $4.79. 985,092 shares of the company were exchanged, compared to its average volume of 1,016,131. The company has a market capitalization of $62.45 billion, a price-to-earnings ratio of 6.47, a P/E/G ratio of 1.25 and a beta of 1.34. Mitsubishi UFJ Financial Group Inc has a 1-year low of $4.49 and a 1-year high of $6.47. The stock has a fifty day moving average price of $4.79. The company has a debt-to-equity ratio of 2.07, a current ratio of 0.92 and a quick ratio of 0.92.

Mitsubishi UFJ Financial Group (NYSE:MUFG) last posted its earnings results on Wednesday, May 15th. The company reported $0.12 earnings per share (EPS) for the quarter. The company had revenue of $15.20 billion during the quarter. Mitsubishi UFJ Financial Group had a return on equity of 6.46% and a net margin of 13.82%. Sell-side analysts predict that Mitsubishi UFJ Financial Group Inc will post 0.64 EPS for the current year.

Mitsubishi UFJ Financial Group Profile

Mitsubishi UFJ Financial Group, Inc, a bank holding company, provides financial services in Japan and internationally. Its Retail Banking Business Group segment offers a range of products and services, such as bank deposits, loans, asset management and administration services, investment products, and settlement services.

Further Reading: Rule of 72

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

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