Mitsubishi UFJ Financial Group (NYSE:MUFG) Shares Gap Down to $10.76

Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG)’s share price gapped down before the market opened on Wednesday . The stock had previously closed at $10.76, but opened at $10.43. Mitsubishi UFJ Financial Group shares last traded at $10.45, with a volume of 206,243 shares traded.

Mitsubishi UFJ Financial Group Stock Down 2.9 %

The business has a 50-day moving average price of $10.67 and a 200-day moving average price of $10.36. The company has a market capitalization of $122.54 billion, a price-to-earnings ratio of 12.37, a price-to-earnings-growth ratio of 0.90 and a beta of 0.61. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 2.25.

Mitsubishi UFJ Financial Group (NYSE:MUFG) last posted its quarterly earnings results on Thursday, August 1st. The company reported $0.30 earnings per share for the quarter, beating the consensus estimate of $0.27 by $0.03. The firm had revenue of $22.61 billion for the quarter. Mitsubishi UFJ Financial Group had a return on equity of 7.46% and a net margin of 11.73%. As a group, equities analysts anticipate that Mitsubishi UFJ Financial Group, Inc. will post 0.88 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of MUFG. Rise Advisors LLC purchased a new position in Mitsubishi UFJ Financial Group in the first quarter valued at about $27,000. EverSource Wealth Advisors LLC boosted its stake in shares of Mitsubishi UFJ Financial Group by 133.0% during the 4th quarter. EverSource Wealth Advisors LLC now owns 3,648 shares of the company’s stock worth $31,000 after acquiring an additional 2,082 shares in the last quarter. Principal Securities Inc. bought a new stake in shares of Mitsubishi UFJ Financial Group during the 4th quarter worth about $32,000. Whittier Trust Co. of Nevada Inc. bought a new stake in shares of Mitsubishi UFJ Financial Group during the 1st quarter worth about $39,000. Finally, Addison Advisors LLC boosted its stake in shares of Mitsubishi UFJ Financial Group by 123.4% during the 2nd quarter. Addison Advisors LLC now owns 4,609 shares of the company’s stock worth $50,000 after acquiring an additional 2,546 shares in the last quarter. Hedge funds and other 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 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.