Mitsubishi UFJ Financial Group (NYSE:MUFG) Shares Gap Down - Should You Sell?

Key Points

• Mitsubishi UFJ Financial Group shares gapped down from a previous close of $15.34 to open at $14.86, last trading at $14.91 with a volume of 189,978 shares.
• Multiple research firms have upgraded their ratings on the stock, with Zacks Research moving it from "hold" to a "strong-buy" rating, while Wall Street Zen upgraded it from "sell" to "hold."
• The company's recent quarterly earnings report showed a significant beat on estimates, with earnings per share reaching $0.32 against a consensus of $0.29 and revenue of $22.10 billion compared to an expected $9.86 billion.

Shares of Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG - Get Free Report) gapped down before the market opened on Friday . The stock had previously closed at $15.34, but opened at $14.86. Mitsubishi UFJ Financial Group shares last traded at $14.91, with a volume of 189,978 shares.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on MUFG. Wall Street Zen upgraded Mitsubishi UFJ Financial Group from a "sell" rating to a "hold" rating in a report on Saturday, August 9th. Weiss Ratings reiterated a "hold (c)" rating on shares of Mitsubishi UFJ Financial Group in a report on Wednesday. Finally, Zacks Research upgraded Mitsubishi UFJ Financial Group from a "hold" rating to a "strong-buy" rating in a report on Tuesday, August 26th. One investment analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, Mitsubishi UFJ Financial Group currently has an average rating of "Buy".

Mitsubishi UFJ Financial Group Stock Performance

The company has a debt-to-equity ratio of 1.86, a current ratio of 0.89 and a quick ratio of 0.89. The stock has a market capitalization of $178.78 billion, a P/E ratio of 13.75, a price-to-earnings-growth ratio of 1.12 and a beta of 0.38. The company has a fifty day moving average of $15.35 and a two-hundred day moving average of $13.92.

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

Hedge Funds Weigh In On Mitsubishi UFJ Financial Group

Hedge funds and other institutional investors have recently made changes to their positions in the business. Opal Wealth Advisors LLC bought a new position in shares of Mitsubishi UFJ Financial Group in the second quarter valued at $31,000. Caitong International Asset Management Co. Ltd acquired a new stake in Mitsubishi UFJ Financial Group during the 1st quarter valued at $32,000. Ameritas Advisory Services LLC acquired a new stake in Mitsubishi UFJ Financial Group during the 2nd quarter valued at $36,000. Nisa Investment Advisors LLC acquired a new stake in Mitsubishi UFJ Financial Group during the first quarter valued at $41,000. Finally, NewSquare Capital LLC boosted its position in Mitsubishi UFJ Financial Group by 162.6% during the second quarter. NewSquare Capital LLC now owns 3,723 shares of the company's stock valued at $51,000 after purchasing an additional 2,305 shares during the last quarter. 13.59% of the stock is currently owned by institutional investors and hedge funds.

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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