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

Mitsubishi UFJ Financial Group (NYSE:MUFG) was downgraded by StockNews.com from a “hold” rating to a “sell” rating in a note issued to investors on Monday.

Mitsubishi UFJ Financial Group Trading Up 0.3 %

MUFG opened at $14.67 on Monday. The firm has a market cap of $177.03 billion, a PE ratio of 13.46, a price-to-earnings-growth ratio of 1.16 and a beta of 0.60. Mitsubishi UFJ Financial Group has a twelve month low of $8.75 and a twelve month high of $15.03. The company has a debt-to-equity ratio of 2.06, a quick ratio of 0.92 and a current ratio of 0.90. The firm’s fifty day moving average is $12.93 and its two-hundred day moving average is $11.78.

Mitsubishi UFJ Financial Group (NYSE:MUFG) last released its quarterly earnings results on Tuesday, February 4th. The company reported $0.28 earnings per share for the quarter, beating the consensus estimate of $0.19 by $0.09. Mitsubishi UFJ Financial Group had a net margin of 14.19% and a return on equity of 9.27%. Equities research analysts anticipate that Mitsubishi UFJ Financial Group will post 0.99 EPS for the current year.

Hedge Funds Weigh In On Mitsubishi UFJ Financial Group

A number of large investors have recently modified their holdings of the business. Eagle Bay Advisors LLC grew its stake in Mitsubishi UFJ Financial Group by 9.3% in the fourth quarter. Eagle Bay Advisors LLC now owns 10,094 shares of the company’s stock valued at $118,000 after purchasing an additional 858 shares in the last quarter. Franklin Resources Inc. grew its stake in shares of Mitsubishi UFJ Financial Group by 1.9% in the third quarter. Franklin Resources Inc. now owns 49,208 shares of the company’s stock valued at $526,000 after buying an additional 938 shares in the last quarter. Abel Hall LLC increased its holdings in Mitsubishi UFJ Financial Group by 4.9% during the third quarter. Abel Hall LLC now owns 20,388 shares of the company’s stock worth $208,000 after buying an additional 949 shares during the last quarter. Alaethes Wealth LLC raised its position in Mitsubishi UFJ Financial Group by 0.4% during the fourth quarter. Alaethes Wealth LLC now owns 214,817 shares of the company’s stock worth $2,518,000 after acquiring an additional 951 shares in the last quarter. Finally, OLD National Bancorp IN lifted its stake in Mitsubishi UFJ Financial Group by 5.1% in the fourth quarter. OLD National Bancorp IN now owns 19,841 shares of the company’s stock valued at $233,000 after acquiring an additional 955 shares during the last quarter. 13.59% of the stock is currently owned by institutional investors and hedge funds.

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.