Mitsubishi UFJ Financial Group (NYSE:MUFG) Rating Lowered to “Sell” at StockNews.com

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

Mitsubishi UFJ Financial Group Stock Down 0.6 %

Mitsubishi UFJ Financial Group stock opened at $12.29 on Thursday. Mitsubishi UFJ Financial Group has a twelve month low of $8.75 and a twelve month high of $15.03. 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 firm has a market cap of $148.31 billion, a PE ratio of 11.28, a P/E/G ratio of 1.16 and a beta of 0.39. The firm’s 50 day moving average price is $12.73 and its two-hundred day moving average price is $12.14.

Mitsubishi UFJ Financial Group (NYSE:MUFG) last posted its quarterly earnings results on Tuesday, February 4th. The company reported $0.28 earnings per share for the quarter, topping 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, research analysts predict that Mitsubishi UFJ Financial Group will post 0.99 EPS for the current fiscal year.

Hedge Funds Weigh In On Mitsubishi UFJ Financial Group

Several hedge funds have recently bought and sold shares of the business. Whipplewood Advisors LLC bought a new stake in shares of Mitsubishi UFJ Financial Group during the 4th quarter worth about $29,000. Nisa Investment Advisors LLC acquired a new stake in Mitsubishi UFJ Financial Group in the 1st quarter worth approximately $41,000. Financial Management Professionals Inc. boosted its position in Mitsubishi UFJ Financial Group by 116.7% during the first quarter. Financial Management Professionals Inc. now owns 3,257 shares of the company’s stock worth $44,000 after purchasing an additional 1,754 shares during the period. Wilmington Savings Fund Society FSB bought a new position in shares of Mitsubishi UFJ Financial Group in the third quarter valued at approximately $55,000. Finally, Steward Partners Investment Advisory LLC lifted its stake in shares of Mitsubishi UFJ Financial Group by 33.9% in the fourth 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 last quarter. 13.59% of the stock is 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.