StockNews.com Downgrades Mitsubishi UFJ Financial Group (NYSE:MUFG) to Sell

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

Mitsubishi UFJ Financial Group Price Performance

MUFG opened at $14.67 on Monday. Mitsubishi UFJ Financial Group has a 12-month low of $8.75 and a 12-month high of $15.03. The firm has a market capitalization of $177.03 billion, a P/E ratio of 13.46, a PEG ratio of 1.16 and a beta of 0.60. The company has a quick ratio of 0.92, a current ratio of 0.90 and a debt-to-equity ratio of 2.06. The stock has a fifty day moving average of $12.93 and a 200-day moving average of $11.78.

Mitsubishi UFJ Financial Group (NYSE:MUFG) last issued its earnings results 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 net margin of 14.19% and a return on equity of 9.27%. Equities analysts forecast that Mitsubishi UFJ Financial Group will post 0.99 EPS for the current fiscal year.

Institutional Investors Weigh In On Mitsubishi UFJ Financial Group

Several institutional investors and hedge funds have recently modified their holdings of the business. Forum Financial Management LP raised its holdings in 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 during the period. Toronto Dominion Bank bought a new stake in Mitsubishi UFJ Financial Group during the 4th quarter worth approximately $4,525,000. Vise Technologies Inc. increased its holdings in Mitsubishi UFJ Financial Group by 70.4% during the 4th 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 lifted its position in Mitsubishi UFJ Financial Group by 74.5% during the 4th quarter. Gordian Capital Singapore Pte Ltd now owns 105,000 shares of the company’s stock worth $1,231,000 after buying an additional 44,826 shares in the last quarter. Finally, Waverly Advisors LLC acquired a new position in shares of Mitsubishi UFJ Financial Group during the fourth quarter worth approximately $152,000. Institutional investors and hedge funds 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.