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

StockNews.com upgraded shares of Mitsubishi UFJ Financial Group (NYSE:MUFG) from a sell rating to a hold rating in a research report released on Friday morning.

Mitsubishi UFJ Financial Group Stock Up 0.6%

Shares of Mitsubishi UFJ Financial Group stock opened at $13.54 on Friday. The stock has a 50-day moving average price of $12.71 and a 200 day moving average price of $12.33. The company has a market cap of $163.34 billion, a P/E ratio of 12.42, 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 has a 1 year low of $8.75 and a 1 year high of $15.03.

Mitsubishi UFJ Financial Group (NYSE:MUFG) last announced its quarterly earnings data on Thursday, May 15th. The company reported $0.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.03 by $0.10. The firm had revenue of $22.91 billion during the quarter, compared to the consensus estimate of $6.47 billion. Mitsubishi UFJ Financial Group had a return on equity of 9.27% and a net margin of 14.19%. As a group, analysts expect that Mitsubishi UFJ Financial Group will post 0.99 EPS for the current fiscal year.

Institutional Investors Weigh In On Mitsubishi UFJ Financial Group

Hedge funds have recently bought and sold shares of the business. Whipplewood Advisors LLC acquired a new position in Mitsubishi UFJ Financial Group in the 4th quarter worth about $29,000. Caitong International Asset Management Co. Ltd purchased a new stake in shares of Mitsubishi UFJ Financial Group during the 1st quarter worth about $32,000. Nisa Investment Advisors LLC purchased a new stake in shares of Mitsubishi UFJ Financial Group during the 1st quarter worth about $41,000. Financial Management Professionals Inc. raised its stake in shares of Mitsubishi UFJ Financial Group by 116.7% during the 1st 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 in the last quarter. Finally, Steward Partners Investment Advisory LLC raised its stake in shares of Mitsubishi UFJ Financial Group by 33.9% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 5,056 shares of the company’s stock worth $59,000 after purchasing an additional 1,279 shares in the last quarter. 13.59% of the stock is 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.