Mitsubishi UFJ Financial Group (NYSE:MUFG) Upgraded at StockNews.com

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

Mitsubishi UFJ Financial Group Price Performance

NYSE:MUFG opened at $11.10 on Wednesday. The firm’s fifty day moving average is $12.93 and its two-hundred day moving average is $11.96. The firm has a market cap of $133.89 billion, a price-to-earnings ratio of 10.18, a PEG ratio of 1.16 and a beta of 0.39. The company has a debt-to-equity ratio of 2.06, a quick ratio of 0.92 and a current ratio of 0.90. Mitsubishi UFJ Financial Group has a one year low of $8.75 and a one year high of $15.03.

Mitsubishi UFJ Financial Group (NYSE:MUFG) last issued its earnings results on Tuesday, February 4th. The company reported $0.28 EPS for the quarter, topping analysts’ consensus estimates 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%. Research analysts expect that Mitsubishi UFJ Financial Group will post 0.99 EPS for the current year.

Hedge Funds Weigh In On Mitsubishi UFJ Financial Group

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

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.