Connor Clark & Lunn Investment Management Ltd. Sells 8,900 Shares of Mitsubishi UFJ Financial Group Inc (NYSE:MUFG)

Connor Clark & Lunn Investment Management Ltd. reduced its position in shares of Mitsubishi UFJ Financial Group Inc (NYSE:MUFG) by 15.1% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 49,900 shares of the company’s stock after selling 8,900 shares during the period. Connor Clark & Lunn Investment Management Ltd.’s holdings in Mitsubishi UFJ Financial Group were worth $237,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. BB&T Corp raised its position in shares of Mitsubishi UFJ Financial Group by 2.6% during the second quarter. BB&T Corp now owns 313,556 shares of the company’s stock worth $1,490,000 after purchasing an additional 8,060 shares during the period. Corient Capital Partners LLC raised its position in Mitsubishi UFJ Financial Group by 79.5% in the 1st quarter. Corient Capital Partners LLC now owns 123,790 shares of the company’s stock valued at $613,000 after buying an additional 54,812 shares during the last quarter. Parallel Advisors LLC raised its position in Mitsubishi UFJ Financial Group by 82.6% in the 2nd quarter. Parallel Advisors LLC now owns 13,534 shares of the company’s stock valued at $64,000 after buying an additional 6,121 shares during the last quarter. Evergreen Capital Management LLC raised its position in Mitsubishi UFJ Financial Group by 17.0% in the 1st quarter. Evergreen Capital Management LLC now owns 29,891 shares of the company’s stock valued at $148,000 after buying an additional 4,354 shares during the last quarter. Finally, Ballentine Partners LLC purchased a new stake in Mitsubishi UFJ Financial Group in the 2nd quarter valued at $106,000. Institutional investors own 1.11% of the company’s stock.

A number of equities research analysts recently commented on the company. TheStreet lowered Mitsubishi UFJ Financial Group from a “c” rating to a “d” rating in a research report on Thursday, August 8th. ValuEngine upgraded Mitsubishi UFJ Financial Group from a “strong sell” rating to a “sell” rating in a research note on Thursday, August 1st. One analyst has rated the stock with a sell rating, one has issued a hold rating and two have given a buy rating to the stock. Mitsubishi UFJ Financial Group presently has a consensus rating of “Hold”.

Shares of MUFG stock traded up $0.05 on Friday, hitting $5.28. 58,306 shares of the stock were exchanged, compared to its average volume of 1,122,412. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 2.07. The firm has a market capitalization of $67.84 billion, a PE ratio of 7.13, a P/E/G ratio of 1.32 and a beta of 1.37. Mitsubishi UFJ Financial Group Inc has a one year low of $4.49 and a one year high of $6.47. The firm’s 50 day moving average is $4.81 and its two-hundred day moving average is $4.87.

Mitsubishi UFJ Financial Group (NYSE:MUFG) last posted its quarterly earnings results on Wednesday, July 31st. The company reported $0.27 earnings per share for the quarter. The company had revenue of $16.41 billion during the quarter. Mitsubishi UFJ Financial Group had a return on equity of 6.46% and a net margin of 13.82%. On average, sell-side analysts expect that Mitsubishi UFJ Financial Group Inc will post 0.64 earnings per share for the current year.

About Mitsubishi UFJ Financial Group

Mitsubishi UFJ Financial Group, Inc, a bank holding company, provides financial services in Japan and internationally. Its Retail Banking Business Group segment offers a range of products and services, such as bank deposits, loans, asset management and administration services, investment products, and settlement services.

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Institutional Ownership by Quarter for Mitsubishi UFJ Financial Group (NYSE:MUFG)

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