Mitsubishi UFJ Financial Group (NYSE:MUFG) Raised to Hold at StockNews.com

Mitsubishi UFJ Financial Group (NYSE:MUFG - Get Free Report) was upgraded by equities researchers at StockNews.com from a "sell" rating to a "hold" rating in a note issued to investors on Wednesday.

Mitsubishi UFJ Financial Group Trading Up 0.4 %

NYSE:MUFG traded up $0.05 during midday trading on Wednesday, hitting $13.02. 3,881,008 shares of the company traded hands, compared to its average volume of 2,383,148. The firm's fifty day moving average is $12.44 and its 200-day moving average is $11.48. Mitsubishi UFJ Financial Group has a 12-month low of $8.75 and a 12-month high of $13.34. The firm has a market capitalization of $157.07 billion, a P/E ratio of 11.94, a P/E/G ratio of 1.16 and a beta of 0.60. The company has a current ratio of 0.90, a quick ratio of 0.92 and a debt-to-equity ratio of 2.06.

Mitsubishi UFJ Financial Group (NYSE:MUFG - Get Free Report) last released its quarterly earnings results on Tuesday, February 4th. The company reported $0.28 earnings per share for the quarter, beating 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%. On average, sell-side analysts predict that Mitsubishi UFJ Financial Group will post 0.99 EPS for the current year.

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Hedge Funds Weigh In On Mitsubishi UFJ Financial Group

Several hedge funds have recently bought and sold shares of MUFG. US Bancorp DE grew its position in Mitsubishi UFJ Financial Group by 3.0% in the 3rd quarter. US Bancorp DE now owns 267,689 shares of the company's stock valued at $2,725,000 after acquiring an additional 7,676 shares during the last quarter. Janney Montgomery Scott LLC grew its position in Mitsubishi UFJ Financial Group by 12.5% in the 3rd quarter. Janney Montgomery Scott LLC now owns 118,568 shares of the company's stock valued at $1,207,000 after acquiring an additional 13,196 shares during the last quarter. QRG Capital Management Inc. grew its position in Mitsubishi UFJ Financial Group by 1.5% in the 3rd quarter. QRG Capital Management Inc. now owns 687,065 shares of the company's stock valued at $6,994,000 after acquiring an additional 10,315 shares during the last quarter. Assetmark Inc. grew its position in Mitsubishi UFJ Financial Group by 9.5% in the 3rd quarter. Assetmark Inc. now owns 46,058 shares of the company's stock valued at $469,000 after acquiring an additional 3,997 shares during the last quarter. Finally, Atria Investments Inc grew its position in Mitsubishi UFJ Financial Group by 17.1% in the 3rd quarter. Atria Investments Inc now owns 306,507 shares of the company's stock valued at $3,120,000 after acquiring an additional 44,800 shares during the last quarter. Institutional investors own 13.59% of the company's stock.

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.