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

Key Points

• Analysts at Wall Street Zen upgraded Mitsubishi UFJ Financial Group from a "sell" rating to a "hold" rating in a recent research note.
• The company's shares opened at $14.55, showing a notable increase from a 1-year low of $9.54.
• Mitsubishi UFJ reported earnings of $0.32 EPS for the last quarter, exceeding analysts' expectations of $0.29.

Wall Street Zen upgraded shares of Mitsubishi UFJ Financial Group (NYSE:MUFG - Free Report) from a sell rating to a hold rating in a research report sent to investors on Saturday morning.

Mitsubishi UFJ Financial Group Stock Performance

Shares of NYSE:MUFG traded down $0.06 during trading on Friday, hitting $15.05. 951,410 shares of the company were exchanged, compared to its average volume of 5,979,538. The company has a market cap of $181.56 billion, a PE ratio of 13.93, a P/E/G ratio of 1.42 and a beta of 0.42. The stock has a 50 day moving average of $13.82 and a 200 day moving average of $13.20. Mitsubishi UFJ Financial Group has a 52-week low of $9.85 and a 52-week high of $15.15. The company has a debt-to-equity ratio of 1.86, a current ratio of 0.89 and a quick ratio of 0.89.

Mitsubishi UFJ Financial Group (NYSE:MUFG - Get Free Report) last posted its quarterly earnings data on Monday, August 4th. The company reported $0.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.29 by $0.03. The company had revenue of $22.10 billion during the quarter, compared to analyst estimates of $9.86 billion. Mitsubishi UFJ Financial Group had a return on equity of 9.35% and a net margin of 13.95%. As a group, equities research analysts predict that Mitsubishi UFJ Financial Group will post 0.99 EPS for the current year.

Institutional Investors Weigh In On Mitsubishi UFJ Financial Group

Large investors have recently added to or reduced their stakes in the business. Opal Wealth Advisors LLC bought a new stake in Mitsubishi UFJ Financial Group during the second quarter valued at $31,000. Caitong International Asset Management Co. Ltd bought a new stake in Mitsubishi UFJ Financial Group during the first quarter valued at $32,000. Ameritas Advisory Services LLC bought a new stake in Mitsubishi UFJ Financial Group during the second quarter valued at $36,000. Nisa Investment Advisors LLC bought a new stake in Mitsubishi UFJ Financial Group during the first quarter valued at $41,000. Finally, Financial Management Professionals Inc. raised its position in Mitsubishi UFJ Financial Group by 116.7% during the first quarter. Financial Management Professionals Inc. now owns 3,257 shares of the company's stock valued at $44,000 after purchasing an additional 1,754 shares in the last quarter. Institutional investors 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.