Mitsubishi UFJ Financial Group (NYSE:MUFG) Shares Gap Down to $10.41

Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG - Get Free Report)'s share price gapped down prior to trading on Friday . The stock had previously closed at $10.41, but opened at $10.20. Mitsubishi UFJ Financial Group shares last traded at $10.18, with a volume of 220,604 shares traded.

Mitsubishi UFJ Financial Group Trading Down 1.7 %

The company has a debt-to-equity ratio of 2.25, a quick ratio of 0.92 and a current ratio of 0.92. The stock has a 50-day moving average of $10.41 and a two-hundred day moving average of $10.36. The company has a market cap of $119.96 billion, a P/E ratio of 11.96, a price-to-earnings-growth ratio of 0.94 and a beta of 0.60.

Mitsubishi UFJ Financial Group (NYSE:MUFG - Get Free Report) last posted its quarterly earnings results on Thursday, August 1st. The company reported $0.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.27 by $0.03. The firm had revenue of $22.61 billion during the quarter. Mitsubishi UFJ Financial Group had a return on equity of 7.46% and a net margin of 11.73%. On average, equities research analysts predict that Mitsubishi UFJ Financial Group, Inc. will post 0.98 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in MUFG. Fisher Asset Management LLC purchased a new stake in shares of Mitsubishi UFJ Financial Group during the fourth quarter valued at $57,954,000. Chevy Chase Trust Holdings LLC boosted its holdings in shares of Mitsubishi UFJ Financial Group by 602.7% during the 1st quarter. Chevy Chase Trust Holdings LLC now owns 5,661,392 shares of the company's stock valued at $57,916,000 after acquiring an additional 4,855,722 shares during the last quarter. Thornburg Investment Management Inc. grew its stake in shares of Mitsubishi UFJ Financial Group by 154.2% in the second quarter. Thornburg Investment Management Inc. now owns 1,105,928 shares of the company's stock worth $12,041,000 after acquiring an additional 670,787 shares during the period. Teachers Retirement System of The State of Kentucky raised its holdings in shares of Mitsubishi UFJ Financial Group by 20.9% during the first quarter. Teachers Retirement System of The State of Kentucky now owns 2,342,140 shares of the company's stock valued at $23,960,000 after purchasing an additional 405,000 shares during the last quarter. Finally, Herr Investment Group LLC raised its holdings in shares of Mitsubishi UFJ Financial Group by 38.6% during the first quarter. Herr Investment Group LLC now owns 1,410,464 shares of the company's stock valued at $14,429,000 after purchasing an additional 393,000 shares during the last quarter. 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 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.

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