StockNews.com Upgrades Mitsubishi UFJ Financial Group (NYSE:MUFG) to Hold

Mitsubishi UFJ Financial Group (NYSE:MUFG) was upgraded by equities research analysts at StockNews.com from a “sell” rating to a “hold” rating in a report released on Friday.

Mitsubishi UFJ Financial Group Stock Performance

Shares of Mitsubishi UFJ Financial Group stock opened at $11.87 on Friday. The stock has a market cap of $143.18 billion, a price-to-earnings ratio of 10.89, a PEG ratio of 1.16 and a beta of 0.39. The company has a debt-to-equity ratio of 2.06, a current ratio of 0.90 and a quick ratio of 0.92. Mitsubishi UFJ Financial Group has a 1 year low of $8.75 and a 1 year high of $15.03. The firm’s 50-day moving average is $12.84 and its 200 day moving average is $12.00.

Mitsubishi UFJ Financial Group (NYSE:MUFG) last announced its quarterly earnings data 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%. Sell-side analysts anticipate that Mitsubishi UFJ Financial Group will post 0.99 EPS for the current fiscal year.

Hedge Funds Weigh In On Mitsubishi UFJ Financial Group

Hedge funds have recently bought and sold shares of the business. Eagle Bay Advisors LLC raised its holdings in shares of Mitsubishi UFJ Financial Group by 9.3% during the fourth quarter. Eagle Bay Advisors LLC now owns 10,094 shares of the company’s stock valued at $118,000 after purchasing an additional 858 shares during the last quarter. Franklin Resources Inc. boosted its stake in shares of Mitsubishi UFJ Financial Group by 1.9% in the 3rd quarter. Franklin Resources Inc. now owns 49,208 shares of the company’s stock worth $526,000 after buying an additional 938 shares during the last quarter. Alaethes Wealth LLC grew its holdings in shares of Mitsubishi UFJ Financial Group by 0.4% in the fourth quarter. Alaethes Wealth LLC now owns 214,817 shares of the company’s stock worth $2,518,000 after acquiring an additional 951 shares during the period. OLD National Bancorp IN lifted its holdings in Mitsubishi UFJ Financial Group by 5.1% in the fourth quarter. OLD National Bancorp IN now owns 19,841 shares of the company’s stock valued at $233,000 after acquiring an additional 955 shares during the period. Finally, EntryPoint Capital LLC boosted its position in Mitsubishi UFJ Financial Group by 6.9% in the fourth quarter. EntryPoint Capital LLC now owns 15,595 shares of the company’s stock worth $183,000 after purchasing an additional 1,002 shares during 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.