Moors & Cabot Inc. Reduces Position in Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG)

Moors & Cabot Inc. trimmed its holdings in Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG) by 10.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 59,750 shares of the company’s stock after selling 7,250 shares during the quarter. Moors & Cabot Inc.’s holdings in Mitsubishi UFJ Financial Group were worth $608,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Advisors Asset Management Inc. increased its stake in Mitsubishi UFJ Financial Group by 14.9% in the 3rd quarter. Advisors Asset Management Inc. now owns 51,247 shares of the company’s stock worth $522,000 after buying an additional 6,637 shares during the period. West Family Investments Inc. grew its stake in Mitsubishi UFJ Financial Group by 7.5% in the 3rd quarter. West Family Investments Inc. now owns 51,739 shares of the company’s stock worth $527,000 after acquiring an additional 3,613 shares in the last quarter. PNC Financial Services Group Inc. increased its position in shares of Mitsubishi UFJ Financial Group by 2.0% during the third quarter. PNC Financial Services Group Inc. now owns 301,488 shares of the company’s stock worth $3,069,000 after acquiring an additional 5,805 shares during the period. Caprock Group LLC bought a new stake in shares of Mitsubishi UFJ Financial Group during the third quarter valued at approximately $1,318,000. Finally, Adero Partners LLC boosted its holdings in shares of Mitsubishi UFJ Financial Group by 13.5% in the third quarter. Adero Partners LLC now owns 12,172 shares of the company’s stock valued at $124,000 after purchasing an additional 1,448 shares during the period. 13.59% of the stock is currently owned by hedge funds and other institutional investors.

Mitsubishi UFJ Financial Group Stock Up 0.9 %

NYSE:MUFG opened at $11.83 on Friday. The company has a debt-to-equity ratio of 2.04, a current ratio of 0.91 and a quick ratio of 0.92. The firm has a market cap of $137.91 billion, a PE ratio of 11.60, a price-to-earnings-growth ratio of 1.10 and a beta of 0.59. The company has a 50-day moving average of $10.74 and a 200 day moving average of $10.56. Mitsubishi UFJ Financial Group, Inc. has a 1-year low of $8.19 and a 1-year high of $12.11.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised Mitsubishi UFJ Financial Group from a “sell” rating to a “hold” rating in a research report on Saturday.

Mitsubishi UFJ Financial Group Company 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.