First Trust Direct Indexing L.P. Sells 14,678 Shares of Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG)

First Trust Direct Indexing L.P. reduced its stake in shares of Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG) by 3.4% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 413,772 shares of the company’s stock after selling 14,678 shares during the quarter. First Trust Direct Indexing L.P.’s holdings in Mitsubishi UFJ Financial Group were worth $4,233,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the stock. Norden Group LLC bought a new stake in Mitsubishi UFJ Financial Group during the first quarter worth approximately $2,219,000. Naviter Wealth LLC increased its stake in Mitsubishi UFJ Financial Group by 13.4% during the first quarter. Naviter Wealth LLC now owns 262,208 shares of the company’s stock worth $2,682,000 after acquiring an additional 31,029 shares during the last quarter. Allspring Global Investments Holdings LLC increased its stake in Mitsubishi UFJ Financial Group by 156.5% during the first quarter. Allspring Global Investments Holdings LLC now owns 38,724 shares of the company’s stock worth $396,000 after acquiring an additional 23,629 shares during the last quarter. Hexagon Capital Partners LLC increased its stake in Mitsubishi UFJ Financial Group by 29.1% during the first quarter. Hexagon Capital Partners LLC now owns 6,570 shares of the company’s stock worth $67,000 after acquiring an additional 1,481 shares during the last quarter. Finally, Claro Advisors LLC increased its stake in Mitsubishi UFJ Financial Group by 8.4% during the first quarter. Claro Advisors LLC now owns 30,033 shares of the company’s stock worth $307,000 after acquiring an additional 2,331 shares during the last quarter. 13.59% of the stock is owned by institutional investors.

Mitsubishi UFJ Financial Group Price Performance

Shares of MUFG traded down $0.09 during mid-day trading on Thursday, reaching $11.16. 838,026 shares of the company’s stock traded hands, compared to its average volume of 1,708,344. The stock has a market cap of $130.86 billion, a P/E ratio of 12.83, a P/E/G ratio of 1.07 and a beta of 0.61. The stock’s 50-day moving average is $10.24 and its two-hundred day moving average is $9.82. Mitsubishi UFJ Financial Group, Inc. has a 12 month low of $7.32 and a 12 month high of $11.25.

Mitsubishi UFJ Financial Group (NYSE:MUFG) last released its earnings results on Wednesday, May 15th. The company reported $0.13 EPS for the quarter, beating analysts’ consensus estimates of $0.06 by $0.07. The firm had revenue of $22.78 billion for the quarter. Mitsubishi UFJ Financial Group had a return on equity of 7.91% and a net margin of 12.68%. Research analysts predict that Mitsubishi UFJ Financial Group, Inc. will post 0.79 earnings per share for the current year.

Mitsubishi UFJ Financial Group Profile

Mitsubishi UFJ Financial Group, Inc operates as the bank holding company for MUFG Bank, Ltd. that provides various financial services in Japan, the United States, Europe, Asia/Oceania, and internationally. It operates through Digital Service Business Group; Retail & Commercial Banking Business Group; Japanese Corporate & Investment Banking Business Group; Asset Management & Investor Services Business Group; Global Corporate & Investment Banking Business Group; Global Commercial Banking Business Group; and Global Markets Business Group segments.