Mitsubishi UFJ Financial Group (NYSE:MUFG) Shares Gap Up – Here’s What Happened

Shares of Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG) gapped up before the market opened on Friday . The stock had previously closed at $14.33, but opened at $14.79. Mitsubishi UFJ Financial Group shares last traded at $14.82, with a volume of 40,225,919 shares.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised shares of Mitsubishi UFJ Financial Group from a “sell” rating to a “hold” rating in a report on Wednesday, March 5th.

Mitsubishi UFJ Financial Group Price Performance

The business’s fifty day moving average price is $12.82 and its 200-day moving average price is $11.71. 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 company has a market capitalization of $180.68 billion, a P/E ratio of 13.74, a P/E/G ratio of 1.16 and a beta of 0.60.

Mitsubishi UFJ Financial Group (NYSE:MUFG) last released its earnings results on Tuesday, February 4th. The company reported $0.28 earnings per share 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%. As a group, sell-side analysts predict that Mitsubishi UFJ Financial Group, Inc. will post 0.99 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Mitsubishi UFJ Financial Group

Institutional investors and hedge funds have recently made changes to their positions in the business. Whipplewood Advisors LLC bought a new position in Mitsubishi UFJ Financial Group during the 4th quarter valued at about $29,000. Steward Partners Investment Advisory LLC increased its stake in shares of Mitsubishi UFJ Financial Group by 33.9% in the fourth 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 in the last quarter. Sierra Ocean LLC purchased a new stake in Mitsubishi UFJ Financial Group in the 4th quarter worth $62,000. Wilmington Savings Fund Society FSB bought a new stake in Mitsubishi UFJ Financial Group during the 3rd quarter valued at approximately $55,000. Finally, Versant Capital Management Inc bought a new position in shares of Mitsubishi UFJ Financial Group during the fourth quarter worth $71,000. Institutional investors own 13.59% of the company’s stock.

About Mitsubishi UFJ Financial Group

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.