Shares of Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG - Get Free Report) gapped down prior to trading on Tuesday . The stock had previously closed at $10.44, but opened at $10.12. Mitsubishi UFJ Financial Group shares last traded at $10.15, with a volume of 148,943 shares changing hands.
Mitsubishi UFJ Financial Group Stock Performance
The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 2.25. The stock has a market cap of $119.31 billion, a price-to-earnings ratio of 11.70, a PEG ratio of 0.88 and a beta of 0.60. The stock's 50 day moving average is $10.54 and its two-hundred day moving average is $10.37.
Mitsubishi UFJ Financial Group (NYSE:MUFG - Get Free Report) last released its earnings results on Thursday, August 1st. The company reported $0.30 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.27 by $0.03. Mitsubishi UFJ Financial Group had a return on equity of 7.46% and a net margin of 11.73%. The business had revenue of $22.61 billion for the quarter. Analysts anticipate that Mitsubishi UFJ Financial Group, Inc. will post 0.88 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Mitsubishi UFJ Financial Group
A number of hedge funds have recently added to or reduced their stakes in MUFG. Norden Group LLC acquired a new stake in shares of Mitsubishi UFJ Financial Group in the 1st quarter valued at approximately $2,219,000. Wells Fargo & Company MN boosted its position in shares of Mitsubishi UFJ Financial Group by 6.7% during the 4th quarter. Wells Fargo & Company MN now owns 1,731,206 shares of the company's stock worth $14,906,000 after purchasing an additional 108,026 shares in the last quarter. Diversify Advisory Services LLC acquired a new position in shares of Mitsubishi UFJ Financial Group during the 1st quarter worth $941,000. Capital Wealth Planning LLC increased its holdings in shares of Mitsubishi UFJ Financial Group by 25.7% in the 1st quarter. Capital Wealth Planning LLC now owns 454,363 shares of the company's stock valued at $4,648,000 after purchasing an additional 92,848 shares in the last quarter. Finally, Fisher Asset Management LLC acquired a new stake in shares of Mitsubishi UFJ Financial Group in the fourth quarter valued at about $57,954,000. Institutional investors and hedge funds own 13.59% of the company's stock.
About Mitsubishi UFJ Financial Group
(
Get Free Report)
Mitsubishi UFJ Financial Group, Inc operates as the bank holding company for MUFG Bank, Ltd. that provides various financial services in Japan, the United States, Europe, Asia/Oceania, and internationally. It operates through Digital Service Business Group; Retail & Commercial Banking Business Group; Japanese Corporate & Investment Banking Business Group; Asset Management & Investor Services Business Group; Global Corporate & Investment Banking Business Group; Global Commercial Banking Business Group; and Global Markets Business Group segments.
See Also
Before you consider Mitsubishi UFJ Financial Group, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Mitsubishi UFJ Financial Group wasn't on the list.
While Mitsubishi UFJ Financial Group currently has a "hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Do you expect the global demand for energy to shrink?! If not, it's time to take a look at how energy stocks can play a part in your portfolio.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
