Mitsubishi UFJ Financial Group (NYSE:MUFG) Downgraded to “Sell” Rating by StockNews.com

StockNews.com downgraded shares of Mitsubishi UFJ Financial Group (NYSE:MUFG) from a hold rating to a sell rating in a research report report published on Tuesday.

Mitsubishi UFJ Financial Group Stock Up 2.5 %

Shares of NYSE:MUFG opened at $12.89 on Tuesday. The stock has a market capitalization of $155.49 billion, a price-to-earnings ratio of 11.82, a price-to-earnings-growth ratio of 1.16 and a beta of 0.61. Mitsubishi UFJ Financial Group has a 1-year low of $8.75 and a 1-year high of $13.34. The company’s fifty day moving average is $12.23 and its two-hundred day moving average is $11.34. 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 issued its earnings results on Tuesday, February 4th. The company reported $0.28 earnings per share for the quarter, topping analysts’ consensus estimates 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 analysts anticipate that Mitsubishi UFJ Financial Group will post 0.99 EPS for the current year.

Hedge Funds Weigh In On Mitsubishi UFJ Financial Group

Institutional investors have recently modified their holdings of the company. Barclays PLC bought a new position in shares of Mitsubishi UFJ Financial Group during the third quarter worth about $752,000. Fisher Asset Management LLC grew its position in shares of Mitsubishi UFJ Financial Group by 15.7% during the third quarter. Fisher Asset Management LLC now owns 7,853,310 shares of the company’s stock worth $79,947,000 after acquiring an additional 1,067,409 shares during the last quarter. Crossmark Global Holdings Inc. grew its position in shares of Mitsubishi UFJ Financial Group by 23.4% during the third quarter. Crossmark Global Holdings Inc. now owns 866,032 shares of the company’s stock worth $8,816,000 after acquiring an additional 164,206 shares during the last quarter. Custom Index Systems LLC bought a new position in Mitsubishi UFJ Financial Group in the 4th quarter valued at about $281,000. Finally, Synovus Financial Corp grew its position in Mitsubishi UFJ Financial Group by 24.4% in the 3rd quarter. Synovus Financial Corp now owns 301,550 shares of the company’s stock valued at $3,070,000 after buying an additional 59,053 shares in the last quarter. 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.