Mitsubishi UFJ Financial Group (NYSE:MUFG) Stock Rating Upgraded by StockNews.com

Mitsubishi UFJ Financial Group (NYSE:MUFG) was upgraded by investment analysts at StockNews.com from a “sell” rating to a “hold” rating in a research report issued on Wednesday.

Mitsubishi UFJ Financial Group Stock Down 0.4 %

Shares of NYSE MUFG opened at $12.98 on Wednesday. Mitsubishi UFJ Financial Group has a 52 week low of $8.75 and a 52 week high of $13.34. The business has a 50-day simple moving average of $12.42 and a two-hundred day simple moving average of $11.46. The company has a quick ratio of 0.92, a current ratio of 0.90 and a debt-to-equity ratio of 2.06. The company has a market cap of $156.58 billion, a P/E ratio of 11.90, a P/E/G ratio of 1.16 and a beta of 0.60.

Mitsubishi UFJ Financial Group (NYSE:MUFG) last issued its quarterly earnings results on Tuesday, February 4th. The company reported $0.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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%. Research analysts anticipate that Mitsubishi UFJ Financial Group will post 0.99 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Mitsubishi UFJ Financial Group

Large investors have recently modified their holdings of the company. Whipplewood Advisors LLC purchased a new position in shares of Mitsubishi UFJ Financial Group during the 4th quarter valued at about $29,000. Steward Partners Investment Advisory LLC increased its stake 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 purchasing an additional 1,279 shares during the period. Sierra Ocean LLC purchased a new position in Mitsubishi UFJ Financial Group in the 4th quarter worth approximately $62,000. Venturi Wealth Management LLC increased its stake in Mitsubishi UFJ Financial Group by 72.8% in the 3rd quarter. Venturi Wealth Management LLC now owns 5,292 shares of the company’s stock worth $54,000 after purchasing an additional 2,229 shares during the period. Finally, Wilmington Savings Fund Society FSB purchased a new position in Mitsubishi UFJ Financial Group in the 3rd quarter worth approximately $55,000. 13.59% of the stock is owned by hedge funds and other institutional investors.

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.