Mitsubishi UFJ Financial Group (NYSE:MUFG) Rating Increased to Hold at StockNews.com

StockNews.com upgraded shares of Mitsubishi UFJ Financial Group (NYSE:MUFG) from a sell rating to a hold rating in a research note released on Wednesday.

Mitsubishi UFJ Financial Group Stock Performance

NYSE MUFG opened at $13.04 on Wednesday. The stock has a market capitalization of $157.30 billion, a price-to-earnings ratio of 11.96, a PEG ratio of 1.16 and a beta of 0.60. The business’s 50 day moving average is $12.39 and its two-hundred day moving average is $11.45. Mitsubishi UFJ Financial Group has a 12-month low of $8.75 and a 12-month high of $13.34. 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 (NYSE:MUFG) last announced its quarterly earnings data on Tuesday, February 4th. The company reported $0.28 earnings per share for the quarter, topping 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%. Research analysts expect that Mitsubishi UFJ Financial Group will post 0.99 EPS for the current year.

Institutional Trading of Mitsubishi UFJ Financial Group

Institutional investors have recently added to or reduced their stakes in the stock. US Bancorp DE lifted its position in shares of Mitsubishi UFJ Financial Group by 3.0% during the 3rd quarter. US Bancorp DE now owns 267,689 shares of the company’s stock valued at $2,725,000 after acquiring an additional 7,676 shares during the period. Janney Montgomery Scott LLC raised its holdings in Mitsubishi UFJ Financial Group by 12.5% during the third quarter. Janney Montgomery Scott LLC now owns 118,568 shares of the company’s stock worth $1,207,000 after purchasing an additional 13,196 shares during the last quarter. QRG Capital Management Inc. grew its holdings in Mitsubishi UFJ Financial Group by 1.5% in the third quarter. QRG Capital Management Inc. now owns 687,065 shares of the company’s stock valued at $6,994,000 after purchasing an additional 10,315 shares during the last quarter. Assetmark Inc. increased its position in shares of Mitsubishi UFJ Financial Group by 9.5% in the third quarter. Assetmark Inc. now owns 46,058 shares of the company’s stock valued at $469,000 after buying an additional 3,997 shares in the last quarter. Finally, Atria Investments Inc boosted its position in shares of Mitsubishi UFJ Financial Group by 17.1% in the 3rd quarter. Atria Investments Inc now owns 306,507 shares of the company’s stock worth $3,120,000 after buying an additional 44,800 shares in the last quarter. Hedge funds and other 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, 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.