Mitsubishi UFJ Financial Group (NYSE:MUFG) Posts Earnings Results, Beats Estimates By $0.03 EPS

Key Points

• Mitsubishi UFJ Financial Group reported a quarterly earnings per share of $0.32, exceeding analysts' estimates of $0.29 by $0.03.
• The company achieved a revenue of $22.10 billion for the quarter, significantly higher than the consensus estimate of $9.86 billion.
• Shares of Mitsubishi UFJ Financial Group saw a slight increase, trading up by $0.21 to reach $13.99 following the earnings announcement.

Mitsubishi UFJ Financial Group (NYSE:MUFG - Get Free Report) issued its quarterly earnings data on Monday. The company reported $0.32 earnings per share for the quarter, topping analysts' consensus estimates of $0.29 by $0.03, Zacks reports. Mitsubishi UFJ Financial Group had a net margin of 13.95% and a return on equity of 9.35%. The business had revenue of $22.10 billion during the quarter, compared to analysts' expectations of $9.86 billion.

Mitsubishi UFJ Financial Group Stock Performance

NYSE:MUFG traded up $0.17 during trading hours on Friday, hitting $14.55. 2,501,223 shares of the company traded hands, compared to its average volume of 3,747,974. The stock has a market capitalization of $175.59 billion, a price-to-earnings ratio of 13.47, a P/E/G ratio of 1.43 and a beta of 0.42. Mitsubishi UFJ Financial Group has a twelve month low of $9.54 and a twelve month high of $15.03. The firm has a 50-day moving average of $13.79 and a 200 day moving average of $13.16. The company has a current ratio of 0.89, a quick ratio of 1.01 and a debt-to-equity ratio of 1.86.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen upgraded shares of Mitsubishi UFJ Financial Group from a "sell" rating to a "hold" rating in a research note on Saturday.

Hedge Funds Weigh In On Mitsubishi UFJ Financial Group

Large investors have recently bought and sold shares of the stock. Geneos Wealth Management Inc. raised its stake in shares of Mitsubishi UFJ Financial Group by 245.3% in the 1st quarter. Geneos Wealth Management Inc. now owns 4,790 shares of the company's stock valued at $65,000 after buying an additional 3,403 shares in the last quarter. Focus Partners Wealth raised its stake in shares of Mitsubishi UFJ Financial Group by 14.8% in the 1st quarter. Focus Partners Wealth now owns 15,959 shares of the company's stock valued at $218,000 after buying an additional 2,058 shares in the last quarter. Acadian Asset Management LLC raised its stake in shares of Mitsubishi UFJ Financial Group by 104.1% in the 1st quarter. Acadian Asset Management LLC now owns 41,909 shares of the company's stock valued at $571,000 after buying an additional 21,379 shares in the last quarter. Finally, AQR Capital Management LLC raised its stake in shares of Mitsubishi UFJ Financial Group by 43.8% in the 1st quarter. AQR Capital Management LLC now owns 334,909 shares of the company's stock valued at $4,565,000 after buying an additional 101,930 shares in the last quarter. 13.59% of the stock is currently owned by institutional investors and hedge funds.

About Mitsubishi UFJ Financial Group

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.