Mitsubishi UFJ Financial Group (NYSE:MUFG) Upgraded by StockNews.com to Hold Rating

StockNews.com upgraded shares of Mitsubishi UFJ Financial Group (NYSE:MUFG) from a sell rating to a hold rating in a research report sent to investors on Tuesday morning.

Mitsubishi UFJ Financial Group Price Performance

Shares of NYSE:MUFG opened at $13.31 on Tuesday. Mitsubishi UFJ Financial Group has a fifty-two week low of $8.75 and a fifty-two week high of $15.03. The company’s 50-day moving average is $13.10 and its 200 day moving average is $11.91. 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 company has a market capitalization of $160.56 billion, a P/E ratio of 12.21, a price-to-earnings-growth ratio of 1.16 and a beta of 0.60.

Mitsubishi UFJ Financial Group (NYSE:MUFG) last released its earnings results on Tuesday, February 4th. The company reported $0.28 earnings per share for the quarter, beating analysts’ consensus estimates 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%. On average, equities research analysts forecast that Mitsubishi UFJ Financial Group will post 0.99 earnings per share for the current year.

Institutional Investors Weigh In On Mitsubishi UFJ Financial Group

Several large investors have recently added to or reduced their stakes in MUFG. Whipplewood Advisors LLC bought a new position in Mitsubishi UFJ Financial Group during the fourth quarter worth about $29,000. Steward Partners Investment Advisory LLC boosted its holdings in Mitsubishi UFJ Financial Group by 33.9% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 5,056 shares of the company’s stock worth $59,000 after buying an additional 1,279 shares during the period. Sierra Ocean LLC purchased a new position in Mitsubishi UFJ Financial Group in the 4th quarter valued at approximately $62,000. Wilmington Savings Fund Society FSB bought a new stake in Mitsubishi UFJ Financial Group during the 3rd quarter valued at $55,000. Finally, Versant Capital Management Inc purchased a new stake in shares of Mitsubishi UFJ Financial Group during the fourth quarter worth $71,000. 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.