Mitsubishi UFJ Financial Group (NYSE:MUFG) Stock Rating Upgraded by Wall Street Zen

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

Mitsubishi UFJ Financial Group Stock Down 0.9%

MUFG traded down $0.13 during midday trading on Friday, hitting $13.60. 3,460,208 shares of the company's stock traded hands, compared to its average volume of 4,202,996. The company has a market cap of $164.17 billion, a PE ratio of 12.48, a price-to-earnings-growth ratio of 1.16 and a beta of 0.42. The stock's fifty day simple moving average is $12.85 and its 200-day simple moving average is $12.62. The company has a debt-to-equity ratio of 2.06, a current ratio of 0.90 and a quick ratio of 0.92. Mitsubishi UFJ Financial Group has a one year low of $8.75 and a one year high of $15.03.

Mitsubishi UFJ Financial Group (NYSE:MUFG - Get Free Report) last released its quarterly earnings results on Thursday, May 15th. The company reported $0.13 EPS for the quarter, beating analysts' consensus estimates of $0.03 by $0.10. Mitsubishi UFJ Financial Group had a net margin of 14.19% and a return on equity of 9.27%. The company had revenue of $22.91 billion for the quarter, compared to analyst estimates of $6.47 billion. As a group, equities analysts anticipate that Mitsubishi UFJ Financial Group will post 0.99 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Whipplewood Advisors LLC bought a new stake in shares of Mitsubishi UFJ Financial Group in the 4th quarter valued at about $29,000. Caitong International Asset Management Co. Ltd bought a new position in Mitsubishi UFJ Financial Group during the 1st quarter worth $32,000. Nisa Investment Advisors LLC bought a new position in shares of Mitsubishi UFJ Financial Group in the first quarter worth $41,000. Financial Management Professionals Inc. increased its position in shares of Mitsubishi UFJ Financial Group by 116.7% in the first quarter. Financial Management Professionals Inc. now owns 3,257 shares of the company's stock worth $44,000 after purchasing an additional 1,754 shares during the period. Finally, Steward Partners Investment Advisory LLC boosted its stake in 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 valued at $59,000 after buying an additional 1,279 shares in the last quarter. Institutional investors and hedge funds own 13.59% of the company's stock.

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.