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 published on Wednesday morning.

Mitsubishi UFJ Financial Group Trading Up 2.3 %

Mitsubishi UFJ Financial Group stock opened at $13.04 on Wednesday. The stock has a market cap of $157.30 billion, a PE ratio of 11.96, a P/E/G ratio of 1.16 and a beta of 0.60. The company has a current ratio of 0.90, a quick ratio of 0.92 and a debt-to-equity ratio of 2.06. The stock has a 50-day moving average price of $12.39 and a 200 day moving average price of $11.45. Mitsubishi UFJ Financial Group has a 52 week low of $8.75 and a 52 week high of $13.34.

Mitsubishi UFJ Financial Group (NYSE:MUFG) last announced its quarterly earnings data on Tuesday, February 4th. The company reported $0.28 earnings per share (EPS) for the quarter, beating the consensus estimate 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%. Equities research analysts predict that Mitsubishi UFJ Financial Group will post 0.99 earnings per share for the current fiscal year.

Institutional Trading of Mitsubishi UFJ Financial Group

A number of hedge funds have recently added to or reduced their stakes in MUFG. Northern Trust Corp lifted its holdings in shares of Mitsubishi UFJ Financial Group by 46.6% during the 4th quarter. Northern Trust Corp now owns 10,522,079 shares of the company’s stock worth $123,319,000 after acquiring an additional 3,342,330 shares during the period. Natixis Advisors LLC raised its stake in Mitsubishi UFJ Financial Group by 5.4% during the fourth quarter. Natixis Advisors LLC now owns 9,850,891 shares of the company’s stock worth $115,452,000 after purchasing an additional 507,578 shares during the period. Fisher Asset Management LLC boosted its holdings in shares of Mitsubishi UFJ Financial Group by 15.7% in the 3rd quarter. Fisher Asset Management LLC now owns 7,853,310 shares of the company’s stock valued at $79,947,000 after purchasing an additional 1,067,409 shares during the last quarter. Royal Bank of Canada grew its stake in shares of Mitsubishi UFJ Financial Group by 40.4% during the 4th quarter. Royal Bank of Canada now owns 6,021,271 shares of the company’s stock valued at $70,570,000 after buying an additional 1,731,873 shares during the period. Finally, Chevy Chase Trust Holdings LLC increased its holdings in shares of Mitsubishi UFJ Financial Group by 4.2% during the 4th quarter. Chevy Chase Trust Holdings LLC now owns 5,950,256 shares of the company’s stock worth $69,737,000 after buying an additional 241,685 shares during the last quarter. 13.59% of the stock is owned by institutional investors and hedge funds.

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.