Mitsubishi UFJ Financial Group (NYSE:MUFG) Releases 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) released its earnings results on Monday. The company reported $0.32 earnings per share for the quarter, beating analysts' consensus estimates of $0.29 by $0.03, Zacks reports. Mitsubishi UFJ Financial Group had a net margin of 13.70% and a return on equity of 9.45%. The firm had revenue of $22.10 billion during the quarter, compared to the consensus estimate of $9.86 billion.

Mitsubishi UFJ Financial Group Stock Performance

Shares of Mitsubishi UFJ Financial Group stock traded up $0.21 on Tuesday, reaching $13.99. 1,958,080 shares of the company traded hands, compared to its average volume of 6,122,640. Mitsubishi UFJ Financial Group has a 52 week low of $8.91 and a 52 week high of $15.03. The company has a 50 day moving average of $13.76 and a 200 day moving average of $13.11. The firm has a market capitalization of $168.77 billion, a PE ratio of 13.32, a PEG ratio of 0.92 and a beta of 0.42. The company has a debt-to-equity ratio of 2.57, a current ratio of 1.01 and a quick ratio of 1.01.

Analyst Ratings Changes

Separately, Wall Street Zen downgraded shares of Mitsubishi UFJ Financial Group from a "hold" rating to a "sell" rating in a research report on Saturday, July 26th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of MUFG. AQR Capital Management LLC lifted its stake in 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 worth $4,565,000 after purchasing an additional 101,930 shares in the last quarter. Acadian Asset Management LLC lifted its stake in 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 worth $571,000 after purchasing an additional 21,379 shares in the last quarter. Focus Partners Wealth lifted its stake in Mitsubishi UFJ Financial Group by 14.8% in the 1st quarter. Focus Partners Wealth now owns 15,959 shares of the company's stock worth $218,000 after purchasing an additional 2,058 shares in the last quarter. Finally, Geneos Wealth Management Inc. lifted its stake in 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 worth $65,000 after purchasing an additional 3,403 shares in the last quarter. 13.59% of the stock is owned by institutional investors.

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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