Mitsubishi UFJ Financial Group (NYSE:MUFG) Upgraded to “Hold” at StockNews.com

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

Mitsubishi UFJ Financial Group Stock Performance

Shares of MUFG stock opened at $11.60 on Wednesday. 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 capitalization of $139.97 billion, a price-to-earnings ratio of 10.64, a price-to-earnings-growth ratio of 1.16 and a beta of 0.39. Mitsubishi UFJ Financial Group has a one year low of $8.75 and a one year high of $15.03. The company has a 50 day moving average price of $12.91 and a 200 day moving average price of $11.97.

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

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the business. Whipplewood Advisors LLC acquired a new position in shares of Mitsubishi UFJ Financial Group during the fourth quarter worth about $29,000. Financial Management Professionals Inc. lifted its position in 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 acquiring an additional 1,754 shares in the last quarter. Steward Partners Investment Advisory LLC boosted its holdings in Mitsubishi UFJ Financial Group by 33.9% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 5,056 shares of the company’s stock worth $59,000 after acquiring an additional 1,279 shares during the period. Sierra Ocean LLC acquired a new stake in Mitsubishi UFJ Financial Group in the fourth quarter valued at approximately $62,000. Finally, Wilmington Savings Fund Society FSB purchased a new stake in shares of Mitsubishi UFJ Financial Group during the third quarter valued at approximately $55,000. Hedge funds and other institutional investors own 13.59% of the company’s stock.

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.