Mitsubishi UFJ Financial Group (NYSE:MUFG) Stock Rating Upgraded by 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 Tuesday morning.

Mitsubishi UFJ Financial Group Price Performance

Shares of NYSE:MUFG opened at $13.31 on Tuesday. The company has a 50 day moving average of $13.10 and a 200 day moving average of $11.91. The company has a current ratio of 0.90, a quick ratio of 0.92 and a debt-to-equity ratio of 2.06. The stock has a market cap of $160.56 billion, a P/E ratio of 12.21, a P/E/G ratio of 1.16 and a beta of 0.60. Mitsubishi UFJ Financial Group has a 12 month low of $8.75 and a 12 month high of $15.03.

Mitsubishi UFJ Financial Group (NYSE:MUFG) last released its quarterly earnings results on Tuesday, February 4th. The company reported $0.28 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%. As a group, sell-side analysts forecast that Mitsubishi UFJ Financial Group will post 0.99 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of MUFG. Charles Schwab Investment Management Inc. raised its stake in Mitsubishi UFJ Financial Group by 14.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 699,645 shares of the company’s stock valued at $7,122,000 after purchasing an additional 88,034 shares in the last quarter. BNP Paribas Financial Markets raised its position in shares of Mitsubishi UFJ Financial Group by 140.9% during the 3rd quarter. BNP Paribas Financial Markets now owns 514,746 shares of the company’s stock valued at $5,240,000 after buying an additional 301,065 shares in the last quarter. Walleye Capital LLC raised its position in shares of Mitsubishi UFJ Financial Group by 44.8% during the 3rd quarter. Walleye Capital LLC now owns 58,152 shares of the company’s stock valued at $592,000 after buying an additional 17,986 shares in the last quarter. Rockefeller Capital Management L.P. lifted its holdings in shares of Mitsubishi UFJ Financial Group by 10.5% during the 3rd quarter. Rockefeller Capital Management L.P. now owns 53,964 shares of the company’s stock worth $549,000 after acquiring an additional 5,147 shares during the last quarter. Finally, Captrust Financial Advisors grew its position in Mitsubishi UFJ Financial Group by 13.5% in the third quarter. Captrust Financial Advisors now owns 87,556 shares of the company’s stock worth $891,000 after acquiring an additional 10,434 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.