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 released on Wednesday morning.
Mitsubishi UFJ Financial Group Trading Up 4.5 %
MUFG stock traded up $0.50 during mid-day trading on Wednesday, reaching $11.60. 11,886,979 shares of the stock traded hands, compared to its average volume of 3,572,373. 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 stock has a market capitalization of $139.97 billion, a PE ratio of 10.64, a PEG ratio of 1.16 and a beta of 0.39. Mitsubishi UFJ Financial Group has a one year low of $8.75 and a one year high of $15.03. The business has a 50-day moving average price of $12.91 and a two-hundred day moving average price of $11.98.
Mitsubishi UFJ Financial Group (NYSE:MUFG - Get Free Report) last issued its earnings results on Tuesday, February 4th. The company reported $0.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.19 by $0.09. Mitsubishi UFJ Financial Group had a net margin of 14.19% and a return on equity of 9.27%. Equities research analysts expect that Mitsubishi UFJ Financial Group will post 0.99 EPS for the current year.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. grew its stake in Mitsubishi UFJ Financial Group by 14.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 699,645 shares of the company's stock valued at $7,122,000 after acquiring an additional 88,034 shares in the last quarter. HighTower Advisors LLC boosted its holdings in Mitsubishi UFJ Financial Group by 6.6% during the 3rd quarter. HighTower Advisors LLC now owns 440,317 shares of the company's stock valued at $4,493,000 after acquiring an additional 27,451 shares during the period. XTX Topco Ltd purchased a new position in shares of Mitsubishi UFJ Financial Group in the third quarter valued at approximately $754,000. MML Investors Services LLC grew its stake in shares of Mitsubishi UFJ Financial Group by 3.1% in the third quarter. MML Investors Services LLC now owns 137,065 shares of the company's stock worth $1,395,000 after acquiring an additional 4,135 shares in the last quarter. Finally, Barclays PLC acquired a new stake in shares of Mitsubishi UFJ Financial Group in the third quarter valued at $752,000. Hedge funds and other institutional investors own 13.59% of the company's stock.
Mitsubishi UFJ Financial Group Company Profile
(
Get Free Report)
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.
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