Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG - Get Free Report) saw unusually-high trading volume on Monday . Approximately 9,559,240 shares traded hands during mid-day trading, an increase of 220% from the previous session's volume of 2,988,247 shares.The stock last traded at $14.64 and had previously closed at $14.98.
Wall Street Analyst Weigh In
Separately, StockNews.com downgraded Mitsubishi UFJ Financial Group from a "hold" rating to a "sell" rating in a report on Monday.
Read Our Latest Stock Report on Mitsubishi UFJ Financial Group
Mitsubishi UFJ Financial Group Trading Down 2.9 %
The company has a quick ratio of 0.92, a current ratio of 0.90 and a debt-to-equity ratio of 2.06. The business's fifty day moving average is $13.02 and its 200 day moving average is $11.81. The stock has a market cap of $169.25 billion, a PE ratio of 12.87, a P/E/G ratio of 1.16 and a beta of 0.60.
Mitsubishi UFJ Financial Group (NYSE:MUFG - Get Free Report) last announced its quarterly earnings results on Tuesday, February 4th. The company reported $0.28 EPS for the quarter, topping the consensus estimate 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%. As a group, analysts predict that Mitsubishi UFJ Financial Group, Inc. will post 0.99 earnings per share for the current year.
Hedge Funds Weigh In On Mitsubishi UFJ Financial Group
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in MUFG. Forum Financial Management LP increased its stake in shares of Mitsubishi UFJ Financial Group by 5.7% during the 4th quarter. Forum Financial Management LP now owns 357,561 shares of the company's stock worth $4,191,000 after purchasing an additional 19,122 shares in the last quarter. Toronto Dominion Bank acquired a new position in shares of Mitsubishi UFJ Financial Group in the fourth quarter worth $4,525,000. Vise Technologies Inc. lifted its position in shares of Mitsubishi UFJ Financial Group by 70.4% in the fourth quarter. Vise Technologies Inc. now owns 202,221 shares of the company's stock valued at $2,370,000 after acquiring an additional 83,545 shares in the last quarter. Gordian Capital Singapore Pte Ltd boosted its stake in shares of Mitsubishi UFJ Financial Group by 74.5% during the fourth quarter. Gordian Capital Singapore Pte Ltd now owns 105,000 shares of the company's stock valued at $1,231,000 after acquiring an additional 44,826 shares during the last quarter. Finally, Waverly Advisors LLC purchased a new stake in Mitsubishi UFJ Financial Group during the 4th quarter worth about $152,000. Institutional investors and hedge funds own 13.59% of the company's stock.
Mitsubishi UFJ Financial Group Company Profile
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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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