Mitsubishi UFJ Financial Group (NYSE:MUFG) Upgraded by StockNews.com to "Hold" Rating

StockNews.com upgraded shares of Mitsubishi UFJ Financial Group (NYSE:MUFG - Free Report) from a sell rating to a hold rating in a research report report published on Friday.

Mitsubishi UFJ Financial Group Price Performance

Shares of MUFG traded up $0.30 during midday trading on Friday, hitting $11.87. 4,910,499 shares of the company traded hands, compared to its average volume of 3,624,919. Mitsubishi UFJ Financial Group has a 52 week low of $8.75 and a 52 week high of $15.03. The company has a debt-to-equity ratio of 2.06, a quick ratio of 0.92 and a current ratio of 0.90. The firm has a 50 day moving average of $12.83 and a 200-day moving average of $12.02. The stock has a market cap of $143.18 billion, a price-to-earnings ratio of 10.89, a PEG ratio of 1.16 and a beta of 0.39.

Mitsubishi UFJ Financial Group (NYSE:MUFG - Get Free Report) last posted its earnings results on Tuesday, February 4th. The company reported $0.28 EPS for the quarter, beating analysts' consensus estimates of $0.19 by $0.09. Mitsubishi UFJ Financial Group had a return on equity of 9.27% and a net margin of 14.19%. On average, analysts forecast that Mitsubishi UFJ Financial Group will post 0.99 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of MUFG. Northern Trust Corp raised its stake in shares of Mitsubishi UFJ Financial Group by 46.6% during the fourth quarter. Northern Trust Corp now owns 10,522,079 shares of the company's stock valued at $123,319,000 after acquiring an additional 3,342,330 shares in the last quarter. Natixis Advisors LLC grew its position in shares of Mitsubishi UFJ Financial Group by 5.4% during the 4th quarter. Natixis Advisors LLC now owns 9,850,891 shares of the company's stock worth $115,452,000 after buying an additional 507,578 shares in the last quarter. Royal Bank of Canada raised its holdings in shares of Mitsubishi UFJ Financial Group by 40.4% in the fourth quarter. Royal Bank of Canada now owns 6,021,271 shares of the company's stock valued at $70,570,000 after acquiring an additional 1,731,873 shares in the last quarter. Chevy Chase Trust Holdings LLC boosted its position in shares of Mitsubishi UFJ Financial Group by 4.2% in the 4th quarter. Chevy Chase Trust Holdings LLC now owns 5,950,256 shares of the company's stock worth $69,737,000 after purchasing an additional 241,685 shares in the last quarter. Finally, Envestnet Asset Management Inc. increased its position in Mitsubishi UFJ Financial Group by 7.0% during the 4th quarter. Envestnet Asset Management Inc. now owns 4,806,932 shares of the company's stock valued at $56,337,000 after buying an additional 313,851 shares in the last quarter. 13.59% of the stock is owned by hedge funds and other institutional investors.

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.