Mitsubishi UFJ Financial Group (NYSE:MUFG) Shares Gap Up - Should You Buy?

Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG - Get Free Report)'s stock price gapped up before the market opened on Tuesday . The stock had previously closed at $12.57, but opened at $13.06. Mitsubishi UFJ Financial Group shares last traded at $12.90, with a volume of 199,226 shares.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered shares of Mitsubishi UFJ Financial Group from a "hold" rating to a "sell" rating in a research report on Tuesday.

Mitsubishi UFJ Financial Group Trading Down 2.0 %

The company has a fifty day moving average of $12.31 and a 200-day moving average of $11.38. The company has a current ratio of 0.90, a quick ratio of 0.92 and a debt-to-equity ratio of 2.06. The company has a market capitalization of $153.68 billion, a price-to-earnings ratio of 11.68, a PEG ratio of 1.16 and a beta of 0.61.

Mitsubishi UFJ Financial Group (NYSE:MUFG - Get Free Report) last issued its quarterly earnings results on Tuesday, February 4th. The company reported $0.28 earnings per share (EPS) for the quarter, topping 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%. As a group, equities research analysts anticipate that Mitsubishi UFJ Financial Group, Inc. will post 0.99 earnings per share for the current fiscal year.

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Institutional Investors Weigh In On Mitsubishi UFJ Financial Group

A number of large investors have recently modified their holdings of the business. Forum Financial Management LP grew its holdings in Mitsubishi UFJ Financial Group by 5.7% in the 4th quarter. Forum Financial Management LP now owns 357,561 shares of the company's stock valued at $4,191,000 after buying an additional 19,122 shares in the last quarter. Toronto Dominion Bank purchased a new position in shares of Mitsubishi UFJ Financial Group during the fourth quarter worth $4,525,000. Vise Technologies Inc. grew its stake 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 buying an additional 83,545 shares in the last quarter. Gordian Capital Singapore Pte Ltd raised its holdings in shares of Mitsubishi UFJ Financial Group by 74.5% in the 4th quarter. Gordian Capital Singapore Pte Ltd now owns 105,000 shares of the company's stock valued at $1,231,000 after buying an additional 44,826 shares during the period. Finally, Waverly Advisors LLC purchased a new position in Mitsubishi UFJ Financial Group during the 4th quarter valued at about $152,000. Hedge funds and other institutional investors own 13.59% of the company's stock.

About Mitsubishi UFJ Financial Group

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.