Mitsubishi UFJ Financial Group (NYSE:MUFG) Sees Strong Trading Volume – Time to Buy?

Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG) saw unusually-strong trading volume on Monday . Approximately 9,559,240 shares changed hands during trading, an increase of 220% from the previous session’s volume of 2,988,247 shares.The stock last traded at $14.64 and had previously closed at $14.98.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded Mitsubishi UFJ Financial Group from a “sell” rating to a “hold” rating in a report on Wednesday, March 5th.

Mitsubishi UFJ Financial Group Price Performance

The firm has a market cap of $177.27 billion, a P/E ratio of 13.48, a price-to-earnings-growth ratio of 1.16 and a beta of 0.60. The business has a 50-day simple moving average of $12.82 and a 200 day simple moving average of $11.72. 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 (NYSE:MUFG) last posted its quarterly earnings results on Tuesday, February 4th. The company reported $0.28 earnings per share for the quarter, topping the consensus estimate 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%. On average, analysts anticipate that Mitsubishi UFJ Financial Group, Inc. will post 0.99 earnings per share for the current fiscal year.

Institutional Trading of Mitsubishi UFJ Financial Group

Several institutional investors have recently added to or reduced their stakes in the business. Forum Financial Management LP boosted its stake in shares of Mitsubishi UFJ Financial Group by 5.7% in the 4th quarter. Forum Financial Management LP now owns 357,561 shares of the company’s stock worth $4,191,000 after buying an additional 19,122 shares during the last quarter. Toronto Dominion Bank bought a new position in Mitsubishi UFJ Financial Group in the 4th quarter worth $4,525,000. Vise Technologies Inc. raised its holdings in Mitsubishi UFJ Financial Group by 70.4% in the 4th quarter. Vise Technologies Inc. now owns 202,221 shares of the company’s stock worth $2,370,000 after purchasing an additional 83,545 shares during the period. Gordian Capital Singapore Pte Ltd raised its holdings in Mitsubishi UFJ Financial Group by 74.5% during the fourth quarter. Gordian Capital Singapore Pte Ltd now owns 105,000 shares of the company’s stock valued at $1,231,000 after acquiring an additional 44,826 shares during the period. Finally, Waverly Advisors LLC bought a new stake in Mitsubishi UFJ Financial Group during the fourth quarter valued at about $152,000. 13.59% of the stock is currently 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.