Mitsubishi UFJ Financial Group (NYSE:MUFG) Shares Gap Down to $10.44

Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG)’s stock price gapped down prior to trading on Tuesday . The stock had previously closed at $10.44, but opened at $10.12. Mitsubishi UFJ Financial Group shares last traded at $10.15, with a volume of 148,943 shares.

Mitsubishi UFJ Financial Group Price Performance

The stock has a fifty day moving average of $10.51 and a 200 day moving average of $10.37. The stock has a market cap of $118.61 billion, a price-to-earnings ratio of 11.63, a P/E/G ratio of 0.88 and a beta of 0.60. The company has a debt-to-equity ratio of 2.25, a current ratio of 0.92 and a quick ratio of 0.92.

Mitsubishi UFJ Financial Group (NYSE:MUFG) last posted its earnings results on Thursday, August 1st. The company reported $0.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.27 by $0.03. Mitsubishi UFJ Financial Group had a net margin of 11.73% and a return on equity of 7.46%. The firm had revenue of $22.61 billion during the quarter. On average, analysts expect that Mitsubishi UFJ Financial Group, Inc. will post 0.88 EPS for the current fiscal year.

Institutional Investors Weigh In On Mitsubishi UFJ Financial Group

Hedge funds have recently modified their holdings of the company. Sanctuary Advisors LLC acquired a new position in Mitsubishi UFJ Financial Group in the 2nd quarter worth about $1,617,000. Gordian Capital Singapore Pte Ltd purchased a new stake in shares of Mitsubishi UFJ Financial Group in the second quarter valued at approximately $498,000. Clearbridge Investments LLC raised its stake in shares of Mitsubishi UFJ Financial Group by 0.3% during the 2nd quarter. Clearbridge Investments LLC now owns 894,456 shares of the company’s stock worth $9,660,000 after buying an additional 2,629 shares during the period. Cetera Investment Advisers lifted its position in shares of Mitsubishi UFJ Financial Group by 2.1% during the 2nd quarter. Cetera Investment Advisers now owns 132,025 shares of the company’s stock valued at $1,426,000 after buying an additional 2,657 shares in the last quarter. Finally, Truist Financial Corp grew its stake in Mitsubishi UFJ Financial Group by 0.5% in the 2nd quarter. Truist Financial Corp now owns 398,383 shares of the company’s stock valued at $4,303,000 after acquiring an additional 1,837 shares during the period. 13.59% of the stock is owned by hedge funds and other 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.