Mitsubishi UFJ Financial Group (NYSE:MUFG) Shares Gap Up to $9.27

Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG)’s stock price gapped up prior to trading on Wednesday . The stock had previously closed at $9.27, but opened at $10.03. Mitsubishi UFJ Financial Group shares last traded at $9.77, with a volume of 523,327 shares trading hands.

Mitsubishi UFJ Financial Group Trading Up 5.0 %

The company has a fifty day simple moving average of $10.68 and a 200-day simple moving average of $10.23. The company has a market capitalization of $114.10 billion, a PE ratio of 10.66, a PEG ratio of 0.95 and a beta of 0.61.

Mitsubishi UFJ Financial Group (NYSE:MUFG) last issued its earnings results on Wednesday, May 15th. The company reported $0.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.06 by $0.07. The company had revenue of $22.78 billion during the quarter. Mitsubishi UFJ Financial Group had a return on equity of 7.45% and a net margin of 11.73%. On average, equities analysts predict that Mitsubishi UFJ Financial Group, Inc. will post 0.88 EPS for the current fiscal year.

Institutional Trading of Mitsubishi UFJ Financial Group

Several large investors have recently added to or reduced their stakes in MUFG. Catalina Capital Group LLC grew its holdings in shares of Mitsubishi UFJ Financial Group by 5.4% during the 2nd quarter. Catalina Capital Group LLC now owns 17,965 shares of the company’s stock worth $194,000 after purchasing an additional 918 shares during the period. First Affirmative Financial Network increased its position in shares of Mitsubishi UFJ Financial Group by 5.1% during the 2nd quarter. First Affirmative Financial Network now owns 19,463 shares of the company’s stock worth $210,000 after purchasing an additional 938 shares during the last quarter. Traveka Wealth LLC increased its position in shares of Mitsubishi UFJ Financial Group by 2.7% during the 2nd quarter. Traveka Wealth LLC now owns 37,775 shares of the company’s stock worth $408,000 after purchasing an additional 980 shares during the last quarter. LRI Investments LLC increased its position in shares of Mitsubishi UFJ Financial Group by 6.9% during the 2nd quarter. LRI Investments LLC now owns 15,156 shares of the company’s stock worth $164,000 after purchasing an additional 981 shares during the last quarter. Finally, Commonwealth Equity Services LLC increased its position in shares of Mitsubishi UFJ Financial Group by 1.0% during the 2nd quarter. Commonwealth Equity Services LLC now owns 101,421 shares of the company’s stock worth $1,095,000 after purchasing an additional 1,002 shares during the last quarter. 13.59% of the stock is currently owned by hedge funds and other institutional investors.

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.