Wall Street Zen downgraded shares of Mitsubishi UFJ Financial Group (NYSE:MUFG - Free Report) from a hold rating to a sell rating in a research note published on Saturday morning.
Mitsubishi UFJ Financial Group Stock Down 1.0%
Mitsubishi UFJ Financial Group stock traded down $0.15 during midday trading on Friday, hitting $13.98. 2,767,278 shares of the company were exchanged, compared to its average volume of 3,557,257. The company's fifty day moving average price is $13.74 and its 200-day moving average price is $13.05. Mitsubishi UFJ Financial Group has a fifty-two week low of $8.75 and a fifty-two week high of $15.03. The company has a market cap of $168.65 billion, a PE ratio of 13.31, a price-to-earnings-growth ratio of 0.93 and a beta of 0.39. The company has a debt-to-equity ratio of 2.57, a current ratio of 1.01 and a quick ratio of 1.01.
Mitsubishi UFJ Financial Group (NYSE:MUFG - Get Free Report) last issued its quarterly earnings data on Thursday, May 15th. The company reported $0.13 EPS for the quarter, topping analysts' consensus estimates of $0.03 by $0.10. The firm had revenue of $22.91 billion during the quarter, compared to the consensus estimate of $6.47 billion. Mitsubishi UFJ Financial Group had a return on equity of 9.45% and a net margin of 13.70%. On average, research analysts predict that Mitsubishi UFJ Financial Group will post 0.99 EPS for the current fiscal year.
Institutional Inflows and Outflows
Several institutional investors have recently added to or reduced their stakes in MUFG. Sagespring Wealth Partners LLC increased its position in shares of Mitsubishi UFJ Financial Group by 31.8% during the second quarter. Sagespring Wealth Partners LLC now owns 52,177 shares of the company's stock valued at $716,000 after purchasing an additional 12,584 shares during the period. TD Asset Management Inc lifted its stake in shares of Mitsubishi UFJ Financial Group by 152.2% during the second quarter. TD Asset Management Inc now owns 620,899 shares of the company's stock valued at $8,519,000 after acquiring an additional 374,752 shares during the period. Naviter Wealth LLC lifted its stake in shares of Mitsubishi UFJ Financial Group by 4.0% during the second quarter. Naviter Wealth LLC now owns 262,612 shares of the company's stock valued at $3,669,000 after acquiring an additional 10,216 shares during the period. Moran Wealth Management LLC increased its holdings in Mitsubishi UFJ Financial Group by 1.5% in the second quarter. Moran Wealth Management LLC now owns 345,664 shares of the company's stock valued at $4,743,000 after purchasing an additional 5,224 shares during the last quarter. Finally, Sequoia Financial Advisors LLC increased its holdings in Mitsubishi UFJ Financial Group by 9.8% in the second quarter. Sequoia Financial Advisors LLC now owns 52,863 shares of the company's stock valued at $725,000 after purchasing an additional 4,733 shares during the last quarter. 13.59% of the stock is owned by institutional investors.
Mitsubishi UFJ Financial Group Company Profile
(
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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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