Pinnacle Associates Ltd. Decreases Stock Holdings in Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG)

Pinnacle Associates Ltd. lessened its stake in Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG) by 30.1% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 20,240 shares of the company’s stock after selling 8,705 shares during the period. Pinnacle Associates Ltd.’s holdings in Mitsubishi UFJ Financial Group were worth $206,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also added to or reduced their stakes in the company. Natixis Advisors LLC grew its position in shares of Mitsubishi UFJ Financial Group by 3.2% in the 2nd quarter. Natixis Advisors LLC now owns 12,059,977 shares of the company’s stock worth $130,248,000 after buying an additional 379,105 shares during the last quarter. Chevy Chase Trust Holdings LLC boosted its stake in Mitsubishi UFJ Financial Group by 3.8% in the second quarter. Chevy Chase Trust Holdings LLC now owns 5,879,191 shares of the company’s stock valued at $63,495,000 after acquiring an additional 217,799 shares in the last quarter. Envestnet Asset Management Inc. grew its holdings in Mitsubishi UFJ Financial Group by 3.2% in the second quarter. Envestnet Asset Management Inc. now owns 4,440,510 shares of the company’s stock worth $47,958,000 after purchasing an additional 135,773 shares during the last quarter. Sei Investments Co. increased its position in shares of Mitsubishi UFJ Financial Group by 6.4% during the second quarter. Sei Investments Co. now owns 3,250,210 shares of the company’s stock worth $35,102,000 after purchasing an additional 195,882 shares in the last quarter. Finally, Raymond James & Associates lifted its holdings in shares of Mitsubishi UFJ Financial Group by 4.3% during the 2nd quarter. Raymond James & Associates now owns 2,525,821 shares of the company’s stock valued at $27,279,000 after purchasing an additional 104,256 shares during the last quarter. 13.59% of the stock is currently owned by institutional investors.

Mitsubishi UFJ Financial Group Stock Up 0.3 %

Shares of MUFG stock opened at $10.69 on Tuesday. The stock’s fifty day moving average price is $10.40 and its 200 day moving average price is $10.41. The company has a debt-to-equity ratio of 2.25, a current ratio of 0.92 and a quick ratio of 0.92. Mitsubishi UFJ Financial Group, Inc. has a 1-year low of $7.89 and a 1-year high of $11.72. The company has a market cap of $124.62 billion, a price-to-earnings ratio of 12.88, a price-to-earnings-growth ratio of 0.98 and a beta of 0.59.

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.