Fisher Asset Management LLC Sells 4,604 Shares of Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG)

Fisher Asset Management LLC decreased its holdings in Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG) by 0.1% in the fourth quarter, HoldingsChannel.com reports. The fund owned 7,848,706 shares of the company’s stock after selling 4,604 shares during the quarter. Fisher Asset Management LLC’s holdings in Mitsubishi UFJ Financial Group were worth $91,987,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Whipplewood Advisors LLC bought a new position in shares of Mitsubishi UFJ Financial Group in the fourth quarter worth about $29,000. Venturi Wealth Management LLC lifted its position in shares of Mitsubishi UFJ Financial Group by 72.8% in the third quarter. Venturi Wealth Management LLC now owns 5,292 shares of the company’s stock worth $54,000 after buying an additional 2,229 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in shares of Mitsubishi UFJ Financial Group in the third quarter worth about $55,000. Sierra Ocean LLC purchased a new stake in shares of Mitsubishi UFJ Financial Group in the fourth quarter worth about $62,000. Finally, Versant Capital Management Inc purchased a new stake in shares of Mitsubishi UFJ Financial Group in the fourth quarter worth about $71,000. Institutional investors own 13.59% of the company’s stock.

Mitsubishi UFJ Financial Group Price Performance

NYSE:MUFG opened at $12.74 on Friday. The company has a current ratio of 0.90, a quick ratio of 0.92 and a debt-to-equity ratio of 2.06. The company has a market capitalization of $153.68 billion, a P/E ratio of 11.68, a P/E/G ratio of 1.16 and a beta of 0.61. Mitsubishi UFJ Financial Group, Inc. has a 12 month low of $8.75 and a 12 month high of $13.34. The business’s 50-day moving average is $12.31 and its 200 day moving average is $11.39.

Mitsubishi UFJ Financial Group (NYSE:MUFG) last posted its earnings results on Tuesday, February 4th. The company reported $0.28 EPS for the quarter, topping analysts’ consensus estimates 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%. On average, equities research analysts forecast that Mitsubishi UFJ Financial Group, Inc. will post 0.99 earnings per share for the current fiscal year.

Analyst Ratings Changes

Separately, StockNews.com downgraded Mitsubishi UFJ Financial Group from a “hold” rating to a “sell” rating in a research report on Tuesday, February 25th.

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.