Mitsubishi UFJ Financial Group (NYSE:MUFG) Shares Gap Up – Still a Buy?

Shares of Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG) gapped up prior to trading on Tuesday . The stock had previously closed at $12.57, but opened at $13.06. Mitsubishi UFJ Financial Group shares last traded at $12.90, with a volume of 199,226 shares traded.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised Mitsubishi UFJ Financial Group from a “sell” rating to a “hold” rating in a research report on Saturday, November 23rd.

Mitsubishi UFJ Financial Group Stock Performance

The stock has a fifty day moving average price of $12.20 and a 200-day moving average price of $11.32. The company has a current ratio of 0.90, a quick ratio of 0.92 and a debt-to-equity ratio of 2.06. The firm has a market capitalization of $154.53 billion, a price-to-earnings ratio of 11.75, a PEG ratio of 1.16 and a beta of 0.61.

Mitsubishi UFJ Financial Group (NYSE:MUFG) last issued its quarterly earnings data on Tuesday, February 4th. The company reported $0.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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, analysts anticipate that Mitsubishi UFJ Financial Group, Inc. will post 0.99 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Mitsubishi UFJ Financial Group

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Forum Financial Management LP boosted its holdings in shares of Mitsubishi UFJ Financial Group by 5.7% in the 4th quarter. Forum Financial Management LP now owns 357,561 shares of the company’s stock worth $4,191,000 after acquiring an additional 19,122 shares in the last quarter. Toronto Dominion Bank bought a new stake in shares of Mitsubishi UFJ Financial Group during the fourth quarter valued at approximately $4,525,000. Vise Technologies Inc. increased its holdings in shares of Mitsubishi UFJ Financial Group by 70.4% in the fourth quarter. Vise Technologies Inc. now owns 202,221 shares of the company’s stock valued at $2,370,000 after purchasing an additional 83,545 shares in the last quarter. Gordian Capital Singapore Pte Ltd raised its position in Mitsubishi UFJ Financial Group by 74.5% in the 4th quarter. Gordian Capital Singapore Pte Ltd now owns 105,000 shares of the company’s stock worth $1,231,000 after purchasing an additional 44,826 shares during the last quarter. Finally, Waverly Advisors LLC acquired a new position in Mitsubishi UFJ Financial Group during the 4th quarter worth $152,000. 13.59% of the stock is currently owned by institutional investors and hedge funds.

About Mitsubishi UFJ Financial Group

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.