StockNews.com Upgrades Mitsubishi UFJ Financial Group (NYSE:MUFG) to “Hold”

Mitsubishi UFJ Financial Group (NYSE:MUFG) was upgraded by StockNews.com from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Wednesday.

Mitsubishi UFJ Financial Group Price Performance

NYSE:MUFG opened at $10.79 on Wednesday. The business’s 50-day moving average is $12.99 and its 200 day moving average is $11.95. Mitsubishi UFJ Financial Group has a 12 month low of $8.75 and a 12 month high of $15.03. The company has a market capitalization of $130.15 billion, a P/E ratio of 9.89, a P/E/G ratio of 1.16 and a beta of 0.39. 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 issued its quarterly earnings data on Tuesday, February 4th. The company reported $0.28 earnings per share (EPS) for the quarter, topping the consensus estimate 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%. On average, equities research analysts forecast that Mitsubishi UFJ Financial Group will post 0.99 earnings per share for the current fiscal year.

Institutional Trading of Mitsubishi UFJ Financial Group

Hedge funds have recently made changes to their positions in the business. Charles Schwab Investment Management Inc. increased its stake in Mitsubishi UFJ Financial Group by 14.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 699,645 shares of the company’s stock worth $7,122,000 after acquiring an additional 88,034 shares during the last quarter. HighTower Advisors LLC boosted its holdings in shares of Mitsubishi UFJ Financial Group by 6.6% in the 3rd quarter. HighTower Advisors LLC now owns 440,317 shares of the company’s stock worth $4,493,000 after purchasing an additional 27,451 shares during the period. XTX Topco Ltd bought a new position in shares of Mitsubishi UFJ Financial Group during the 3rd quarter valued at approximately $754,000. MML Investors Services LLC raised its holdings in Mitsubishi UFJ Financial Group by 3.1% during the 3rd quarter. MML Investors Services LLC now owns 137,065 shares of the company’s stock valued at $1,395,000 after buying an additional 4,135 shares during the period. Finally, Barclays PLC bought a new stake in Mitsubishi UFJ Financial Group in the third quarter worth $752,000. 13.59% of the stock is currently owned by hedge funds and other institutional investors.

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.