Erste Group Bank Issues Negative Forecast for MUFG Earnings

Key Points

• Erste Group Bank lowered MUFG’s FY2027 EPS forecast to $1.62 from $1.64, while maintaining a “Buy” rating; its FY2028 estimate is $1.82, compared with the current-year consensus of $1.59.
• MUFG’s latest quarterly results exceeded expectations, with EPS of $0.45 versus the $0.35 consensus and revenue of $15.11 billion versus estimates of $10.06 billion.
• The stock recently traded at $23.12, down 1.3%, and holds a “Moderate Buy” consensus rating. Institutional investors own 13.59% of the company, with several funds increasing their positions.

Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG - Free Report) - Investment analysts at Erste Group Bank dropped their FY2027 earnings per share estimates for shares of Mitsubishi UFJ Financial Group in a research report issued to clients and investors on Friday, September 18th. Erste Group Bank analyst H. Engel now forecasts that the company will post earnings of $1.62 per share for the year, down from their prior forecast of $1.64. Erste Group Bank currently has a "Buy" rating on the stock. The consensus estimate for Mitsubishi UFJ Financial Group's current full-year earnings is $1.59 per share. Erste Group Bank also issued estimates for Mitsubishi UFJ Financial Group's FY2028 earnings at $1.82 EPS.

Mitsubishi UFJ Financial Group (NYSE:MUFG - Get Free Report) last issued its quarterly earnings results on Tuesday, August 4th. The company reported $0.45 EPS for the quarter, topping analysts' consensus estimates of $0.35 by $0.10. Mitsubishi UFJ Financial Group had a return on equity of 12.30% and a net margin of 17.63%.The business had revenue of $15.11 billion for the quarter, compared to analyst estimates of $10.06 billion.

MUFG has been the subject of a number of other research reports. Mitsubishi UFJ Financial Group began coverage on shares of Mitsubishi UFJ Financial Group in a report on Thursday, June 25th. They set a "buy" rating for the company. Weiss Ratings cut shares of Mitsubishi UFJ Financial Group from a "buy (b)" rating to a "hold (c)" rating in a report on Tuesday, July 14th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have issued a Hold rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy".

Mitsubishi UFJ Financial Group Trading Down 1.3%

NYSE MUFG opened at $23.12 on Wednesday. The business's fifty day moving average is $22.75 and its 200-day moving average is $20.14. The company has a debt-to-equity ratio of 1.10, a current ratio of 0.85 and a quick ratio of 0.85. The stock has a market capitalization of $274.42 billion, a price-to-earnings ratio of 15.11, a PEG ratio of 1.04 and a beta of 0.39. Mitsubishi UFJ Financial Group has a one year low of $14.62 and a one year high of $24.26.

Institutional Investors Weigh In On Mitsubishi UFJ Financial Group

A number of hedge funds and other institutional investors have recently bought and sold shares of MUFG. Engineers Gate Manager LP boosted its holdings in shares of Mitsubishi UFJ Financial Group by 112.7% in the second quarter. Engineers Gate Manager LP now owns 125,914 shares of the company's stock worth $2,504,000 after acquiring an additional 66,715 shares during the period. Cidel Asset Management Inc. bought a new stake in shares of Mitsubishi UFJ Financial Group during the second quarter valued at about $265,000. Integrated Wealth Concepts LLC boosted its position in shares of Mitsubishi UFJ Financial Group by 2.4% in the second quarter. Integrated Wealth Concepts LLC now owns 71,151 shares of the company's stock valued at $1,415,000 after acquiring an additional 1,689 shares during the period. West Family Investments Inc. increased its holdings in Mitsubishi UFJ Financial Group by 17.8% during the 2nd quarter. West Family Investments Inc. now owns 43,037 shares of the company's stock worth $856,000 after acquiring an additional 6,506 shares during the period. Finally, Parkside Financial Bank & Trust lifted its stake in Mitsubishi UFJ Financial Group by 7.7% in the 2nd quarter. Parkside Financial Bank & Trust now owns 8,017 shares of the company's stock worth $159,000 after purchasing an additional 574 shares in the last quarter. Institutional investors own 13.59% of the company's stock.

About Mitsubishi UFJ Financial Group

Mitsubishi UFJ Financial Group, Inc NYSE: MUFG is a diversified Japanese financial services group headquartered in Tokyo. The group's principal banking subsidiary, MUFG Bank, provides commercial and retail banking services, including deposits, lending, payments, foreign exchange, and transaction banking. Through its broader operations, MUFG also offers trust banking, securities services, asset management, leasing, credit cards, and consumer finance.

MUFG serves individuals, businesses, financial institutions, and governments in Japan and international markets.

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