Mitsubishi UFJ Financial Group (NYSE:MUFG) Posts Quarterly Earnings Results, Beats Expectations By $0.11 EPS

Mitsubishi UFJ Financial Group (NYSE:MUFG) issued its earnings results on Monday. The company reported $0.45 earnings per share for the quarter, topping the consensus estimate of $0.34 by $0.11, Zacks reports. The company had revenue of $15.11 billion for the quarter, compared to analyst estimates of $10.06 billion. Mitsubishi UFJ Financial Group had a net margin of 17.63% and a return on equity of 12.44%.

Mitsubishi UFJ Financial Group Trading Up 3.1%

Shares of NYSE:MUFG traded up $0.67 during trading on Wednesday, reaching $22.50. The stock had a trading volume of 1,172,043 shares, compared to its average volume of 3,498,453. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 1.75. The stock has a market cap of $267.02 billion, a P/E ratio of 15.96, a PEG ratio of 1.08 and a beta of 0.39. The business has a fifty day moving average price of $20.90 and a 200-day moving average price of $19.08. Mitsubishi UFJ Financial Group has a fifty-two week low of $14.06 and a fifty-two week high of $23.25.

Analyst Ratings Changes

MUFG has been the topic of a number of research analyst reports. Mitsubishi UFJ Financial Group began coverage on Mitsubishi UFJ Financial Group in a research report on Thursday, June 25th. They set a “buy” rating on the stock. Weiss Ratings cut Mitsubishi UFJ Financial Group from a “buy (b)” rating to a “hold (c)” rating in a research report on Tuesday, July 14th. Finally, Erste Group Bank began coverage on shares of Mitsubishi UFJ Financial Group in a research report on Thursday, June 25th. They issued a “buy” rating on the stock. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy”.

Institutional Investors Weigh In On Mitsubishi UFJ Financial Group

Hedge funds have recently made changes to their positions in the business. JPL Wealth Management LLC acquired a new position in shares of Mitsubishi UFJ Financial Group during the 3rd quarter valued at about $34,000. Caitong International Asset Management Co. Ltd raised its stake in Mitsubishi UFJ Financial Group by 206.1% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 3,168 shares of the company’s stock worth $50,000 after purchasing an additional 2,133 shares during the period. Horizon Investments LLC boosted its holdings in shares of Mitsubishi UFJ Financial Group by 25.8% in the 3rd quarter. Horizon Investments LLC now owns 3,575 shares of the company’s stock valued at $57,000 after purchasing an additional 734 shares during the last quarter. Pin Oak Investment Advisors Inc. boosted its holdings in shares of Mitsubishi UFJ Financial Group by 113.8% in the 3rd quarter. Pin Oak Investment Advisors Inc. now owns 3,894 shares of the company’s stock valued at $62,000 after purchasing an additional 2,073 shares during the last quarter. Finally, Geneos Wealth Management Inc. raised its position in shares of Mitsubishi UFJ Financial Group by 245.3% in the 1st quarter. Geneos Wealth Management Inc. now owns 4,790 shares of the company’s stock worth $65,000 after buying an additional 3,403 shares during the period. Institutional investors and hedge funds own 13.59% of the company’s stock.

Mitsubishi UFJ Financial Group Company Profile

Mitsubishi UFJ Financial Group, Inc (MUFG) is a Tokyo-based financial services holding company and one of Japan’s largest banking groups and among the world’s leading financial institutions. The group was formed through the integration of Mitsubishi Tokyo Financial Group and UFJ Holdings and operates a comprehensive suite of banking and financial services for retail, corporate, and institutional clients. MUFG’s core banking operations are conducted through its commercial banking arm and a network of domestic and international subsidiaries and affiliates.

MUFG offers a broad range of products and services including commercial and retail banking, corporate and investment banking, global transaction banking, trust banking, asset management, securities and brokerage services, credit cards, consumer finance, leasing and custody services.