Mitsubishi UFJ Financial Group (NYSE:MUFG) Rating Lowered to Sell at StockNews.com

Mitsubishi UFJ Financial Group (NYSE:MUFG - Get Free Report) was downgraded by investment analysts at StockNews.com from a "hold" rating to a "sell" rating in a research note issued on Tuesday.

Mitsubishi UFJ Financial Group Trading Down 2.0 %

MUFG stock traded down $0.27 during midday trading on Tuesday, hitting $12.74. The company had a trading volume of 3,879,242 shares, compared to its average volume of 3,125,057. 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 has a 52 week low of $8.75 and a 52 week high of $13.34. The stock has a market cap of $153.68 billion, a price-to-earnings ratio of 11.68, a PEG ratio of 1.16 and a beta of 0.61. The stock's 50 day moving average price is $12.31 and its 200 day moving average price is $11.38.

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

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Hedge Funds Weigh In On Mitsubishi UFJ Financial Group

Hedge funds have recently made changes to their positions in the business. Northern Trust Corp grew its stake in Mitsubishi UFJ Financial Group by 46.6% in the fourth quarter. Northern Trust Corp now owns 10,522,079 shares of the company's stock worth $123,319,000 after purchasing an additional 3,342,330 shares during the period. Clearbridge Investments LLC grew its stake in Mitsubishi UFJ Financial Group by 325.9% in the fourth quarter. Clearbridge Investments LLC now owns 3,822,530 shares of the company's stock worth $44,800,000 after purchasing an additional 2,924,979 shares during the period. Raymond James Financial Inc. purchased a new stake in Mitsubishi UFJ Financial Group in the fourth quarter worth $29,252,000. Royal Bank of Canada grew its stake in Mitsubishi UFJ Financial Group by 40.4% in the fourth quarter. Royal Bank of Canada now owns 6,021,271 shares of the company's stock worth $70,570,000 after purchasing an additional 1,731,873 shares during the period. Finally, Fisher Asset Management LLC grew its stake in Mitsubishi UFJ Financial Group by 15.7% in the third quarter. Fisher Asset Management LLC now owns 7,853,310 shares of the company's stock worth $79,947,000 after purchasing an additional 1,067,409 shares during the period. 13.59% of the stock is owned by hedge funds and other institutional investors.

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.