Mitsubishi UFJ Financial Group (NYSE:MUFG) Shares Gap Down to $10.41

Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG)’s stock price gapped down before the market opened on Friday . The stock had previously closed at $10.41, but opened at $10.20. Mitsubishi UFJ Financial Group shares last traded at $10.18, with a volume of 220,604 shares traded.

Mitsubishi UFJ Financial Group Stock Down 2.7 %

The business’s fifty day moving average price is $10.39 and its 200 day moving average price is $10.35. The company has a market capitalization of $118.79 billion, a P/E ratio of 11.64, a P/E/G ratio of 0.94 and a beta of 0.60. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 2.25.

Mitsubishi UFJ Financial Group (NYSE:MUFG) last released its quarterly earnings data on Thursday, August 1st. The company reported $0.30 EPS for the quarter, topping analysts’ consensus estimates of $0.27 by $0.03. The company had revenue of $22.61 billion during the quarter. Mitsubishi UFJ Financial Group had a net margin of 11.73% and a return on equity of 7.46%. As a group, equities research analysts predict that Mitsubishi UFJ Financial Group, Inc. will post 0.98 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Mitsubishi UFJ Financial Group

Several institutional investors have recently added to or reduced their stakes in MUFG. Rise Advisors LLC bought a new position in Mitsubishi UFJ Financial Group during the 1st quarter valued at about $27,000. Whittier Trust Co. of Nevada Inc. bought a new position in Mitsubishi UFJ Financial Group during the 1st quarter valued at about $39,000. Addison Advisors LLC lifted its holdings in Mitsubishi UFJ Financial Group by 123.4% during the 2nd quarter. Addison Advisors LLC now owns 4,609 shares of the company’s stock valued at $50,000 after purchasing an additional 2,546 shares during the last quarter. Family Firm Inc. bought a new position in Mitsubishi UFJ Financial Group during the 2nd quarter valued at about $53,000. Finally, EverSource Wealth Advisors LLC lifted its holdings in Mitsubishi UFJ Financial Group by 60.9% during the 1st quarter. EverSource Wealth Advisors LLC now owns 5,870 shares of the company’s stock valued at $58,000 after purchasing an additional 2,222 shares during the last quarter. 13.59% of the stock is owned by institutional investors.

About Mitsubishi UFJ Financial Group

Mitsubishi UFJ Financial Group, Inc operates as the bank holding company for MUFG Bank, Ltd. that provides various financial services in Japan, the United States, Europe, Asia/Oceania, and internationally. It operates through Digital Service Business Group; Retail & Commercial Banking Business Group; Japanese Corporate & Investment Banking Business Group; Asset Management & Investor Services Business Group; Global Corporate & Investment Banking Business Group; Global Commercial Banking Business Group; and Global Markets Business Group segments.