Mitsubishi UFJ Financial Group (NYSE:MUFG) Lowered to Sell Rating by Wall Street Zen

Mitsubishi UFJ Financial Group (NYSE:MUFG - Get Free Report) was downgraded by equities research analysts at Wall Street Zen from a "hold" rating to a "sell" rating in a report released on Saturday.

Mitsubishi UFJ Financial Group Price Performance

Mitsubishi UFJ Financial Group stock opened at $14.67 on Friday. The company's 50 day moving average is $13.73 and its two-hundred day moving average is $13.02. The firm has a market cap of $176.97 billion, a PE ratio of 13.97, a price-to-earnings-growth ratio of 0.98 and a beta of 0.39. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 2.57. Mitsubishi UFJ Financial Group has a 52-week low of $8.75 and a 52-week high of $15.03.

Mitsubishi UFJ Financial Group (NYSE:MUFG - Get Free Report) last announced its quarterly earnings data on Thursday, May 15th. The company reported $0.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.03 by $0.10. Mitsubishi UFJ Financial Group had a return on equity of 9.45% and a net margin of 13.70%. The business had revenue of $22.91 billion for the quarter, compared to analysts' expectations of $6.47 billion. On average, research analysts expect that Mitsubishi UFJ Financial Group will post 0.99 EPS 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 stock. Opal Wealth Advisors LLC acquired a new position in shares of Mitsubishi UFJ Financial Group during the second quarter worth $31,000. Caitong International Asset Management Co. Ltd purchased a new stake in Mitsubishi UFJ Financial Group during the 1st quarter worth about $32,000. Ameritas Advisory Services LLC acquired a new position in shares of Mitsubishi UFJ Financial Group during the 2nd quarter worth about $36,000. Nisa Investment Advisors LLC purchased a new position in shares of Mitsubishi UFJ Financial Group in the 1st quarter valued at about $41,000. Finally, Financial Management Professionals Inc. raised its position in shares of Mitsubishi UFJ Financial Group by 116.7% during the 1st quarter. Financial Management Professionals Inc. now owns 3,257 shares of the company's stock worth $44,000 after acquiring an additional 1,754 shares in the last quarter. 13.59% of the stock is owned by institutional investors and hedge funds.

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.

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