Moors & Cabot Inc. Sells 7,250 Shares of Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG)

Moors & Cabot Inc. reduced its stake in shares of Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG) by 10.8% in the third quarter, HoldingsChannel reports. The firm owned 59,750 shares of the company’s stock after selling 7,250 shares during the period. Moors & Cabot Inc.’s holdings in Mitsubishi UFJ Financial Group were worth $608,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Addison Advisors LLC lifted its position in shares of Mitsubishi UFJ Financial Group by 123.4% during the second quarter. Addison Advisors LLC now owns 4,609 shares of the company’s stock valued at $50,000 after buying an additional 2,546 shares during the last quarter. Family Firm Inc. purchased a new stake in Mitsubishi UFJ Financial Group during the second quarter valued at approximately $53,000. Venturi Wealth Management LLC lifted its position in Mitsubishi UFJ Financial Group by 72.8% during the third quarter. Venturi Wealth Management LLC now owns 5,292 shares of the company’s stock valued at $54,000 after acquiring an additional 2,229 shares during the last quarter. EverSource Wealth Advisors LLC boosted its stake in Mitsubishi UFJ Financial Group by 60.9% in the first quarter. EverSource Wealth Advisors LLC now owns 5,870 shares of the company’s stock valued at $58,000 after acquiring an additional 2,222 shares in the last quarter. Finally, Rothschild Investment LLC purchased a new position in Mitsubishi UFJ Financial Group in the second quarter worth $68,000. Hedge funds and other institutional investors own 13.59% of the company’s stock.

Analysts Set New Price Targets

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

Mitsubishi UFJ Financial Group Price Performance

Shares of NYSE MUFG opened at $11.83 on Friday. Mitsubishi UFJ Financial Group, Inc. has a fifty-two week low of $8.19 and a fifty-two week high of $12.11. The company has a market cap of $137.91 billion, a PE ratio of 11.60, a P/E/G ratio of 1.10 and a beta of 0.59. The company has a debt-to-equity ratio of 2.04, a quick ratio of 0.92 and a current ratio of 0.91. The business has a 50-day simple moving average of $10.74 and a two-hundred day simple moving average of $10.56.

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.