Shares of Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG - Get Free Report) gapped up before the market opened on Friday . The stock had previously closed at $14.33, but opened at $14.79. Mitsubishi UFJ Financial Group shares last traded at $14.82, with a volume of 40,225,919 shares traded.
Analyst Upgrades and Downgrades
Separately, StockNews.com cut Mitsubishi UFJ Financial Group from a "hold" rating to a "sell" rating in a research report on Monday.
Read Our Latest Research Report on Mitsubishi UFJ Financial Group
Mitsubishi UFJ Financial Group Stock Up 0.3 %
The firm's 50-day simple moving average is $12.93 and its 200-day simple moving average is $11.78. 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 company has a market capitalization of $177.03 billion, a price-to-earnings ratio of 13.46, a price-to-earnings-growth ratio of 1.16 and a beta of 0.60.
Mitsubishi UFJ Financial Group (NYSE:MUFG - Get Free Report) last released its earnings results on Tuesday, February 4th. The company reported $0.28 earnings per share 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%. Sell-side analysts forecast that Mitsubishi UFJ Financial Group, Inc. will post 0.99 earnings per share for the current year.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently bought and sold shares of MUFG. Eagle Bay Advisors LLC raised its stake in shares of Mitsubishi UFJ Financial Group by 9.3% in the 4th quarter. Eagle Bay Advisors LLC now owns 10,094 shares of the company's stock valued at $118,000 after buying an additional 858 shares in the last quarter. Franklin Resources Inc. raised its position in Mitsubishi UFJ Financial Group by 1.9% in the third quarter. Franklin Resources Inc. now owns 49,208 shares of the company's stock worth $526,000 after purchasing an additional 938 shares in the last quarter. Abel Hall LLC lifted its stake in Mitsubishi UFJ Financial Group by 4.9% during the third quarter. Abel Hall LLC now owns 20,388 shares of the company's stock worth $208,000 after purchasing an additional 949 shares during the period. Alaethes Wealth LLC boosted its holdings in Mitsubishi UFJ Financial Group by 0.4% during the fourth quarter. Alaethes Wealth LLC now owns 214,817 shares of the company's stock valued at $2,518,000 after purchasing an additional 951 shares in the last quarter. Finally, OLD National Bancorp IN boosted its holdings in Mitsubishi UFJ Financial Group by 5.1% during the fourth quarter. OLD National Bancorp IN now owns 19,841 shares of the company's stock valued at $233,000 after purchasing an additional 955 shares in the last quarter. 13.59% of the stock is owned by institutional investors.
About Mitsubishi UFJ Financial Group
(
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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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