Augustine Asset Management Inc. Sells 8,693 Shares of Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG)

Augustine Asset Management Inc. lessened its stake in shares of Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG) by 2.4% in the 4th quarter, HoldingsChannel.com reports. The firm owned 350,213 shares of the company’s stock after selling 8,693 shares during the period. Mitsubishi UFJ Financial Group accounts for 1.1% of Augustine Asset Management Inc.’s holdings, making the stock its 17th biggest position. Augustine Asset Management Inc.’s holdings in Mitsubishi UFJ Financial Group were worth $4,104,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of MUFG. Blue Trust Inc. grew its stake in shares of Mitsubishi UFJ Financial Group by 98.7% during the 3rd quarter. Blue Trust Inc. now owns 125,734 shares of the company’s stock valued at $1,358,000 after acquiring an additional 62,449 shares during the period. Barclays PLC purchased a new position in Mitsubishi UFJ Financial Group during the third quarter valued at approximately $752,000. Fisher Asset Management LLC boosted its position in shares of Mitsubishi UFJ Financial Group by 15.7% in the third quarter. Fisher Asset Management LLC now owns 7,853,310 shares of the company’s stock worth $79,947,000 after purchasing an additional 1,067,409 shares during the period. Bleakley Financial Group LLC increased its stake in shares of Mitsubishi UFJ Financial Group by 11.8% in the third quarter. Bleakley Financial Group LLC now owns 25,613 shares of the company’s stock worth $261,000 after purchasing an additional 2,701 shares in the last quarter. Finally, Crossmark Global Holdings Inc. increased its stake in shares of Mitsubishi UFJ Financial Group by 23.4% in the third quarter. Crossmark Global Holdings Inc. now owns 866,032 shares of the company’s stock worth $8,816,000 after purchasing an additional 164,206 shares in the last quarter. Hedge funds and other institutional investors own 13.59% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised shares of Mitsubishi UFJ Financial Group from a “sell” rating to a “hold” rating in a report on Saturday, November 23rd.

Mitsubishi UFJ Financial Group Stock Performance

NYSE MUFG opened at $12.42 on Wednesday. The business has a 50-day moving average price of $12.06 and a 200-day moving average price of $11.15. The firm has a market cap of $149.88 billion, a price-to-earnings ratio of 11.39, a price-to-earnings-growth ratio of 1.13 and a beta of 0.61. Mitsubishi UFJ Financial Group, Inc. has a twelve month low of $8.75 and a twelve month high of $12.96. The company has a quick ratio of 0.92, a current ratio of 0.90 and a debt-to-equity ratio of 2.06.

Mitsubishi UFJ Financial Group (NYSE:MUFG) last posted its quarterly earnings results on Tuesday, February 4th. The company reported $0.28 earnings per share 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, equities research analysts predict that Mitsubishi UFJ Financial Group, Inc. will post 0.99 EPS for the current fiscal year.

About Mitsubishi UFJ Financial Group

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.