Mitsubishi UFJ Financial Group (NYSE:MUFG) Shares Gap Down - Here's What Happened

Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG - Get Free Report)'s share price gapped down prior to trading on Wednesday . The stock had previously closed at $14.14, but opened at $13.62. Mitsubishi UFJ Financial Group shares last traded at $13.73, with a volume of 1,270,675 shares traded.

Analyst Ratings Changes

Separately, Wall Street Zen raised Mitsubishi UFJ Financial Group from a "sell" rating to a "hold" rating in a research note on Friday, May 16th.

Mitsubishi UFJ Financial Group Stock Up 2.8%

The business has a fifty day moving average price of $12.65 and a two-hundred day moving average price of $12.49. The company has a current ratio of 0.90, a quick ratio of 0.92 and a debt-to-equity ratio of 2.06. The company has a market cap of $170.28 billion, a price-to-earnings ratio of 12.94, a P/E/G ratio of 1.16 and a beta of 0.39.

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Goldman Sachs Group Inc. increased its holdings in shares of Mitsubishi UFJ Financial Group by 2.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 12,652,332 shares of the company's stock worth $172,451,000 after purchasing an additional 288,583 shares during the period. Northern Trust Corp grew its position in Mitsubishi UFJ Financial Group by 8.4% during the first quarter. Northern Trust Corp now owns 11,407,268 shares of the company's stock worth $155,481,000 after buying an additional 885,189 shares in the last quarter. Natixis Advisors LLC increased its stake in Mitsubishi UFJ Financial Group by 9.2% during the first quarter. Natixis Advisors LLC now owns 10,756,565 shares of the company's stock valued at $146,612,000 after acquiring an additional 905,674 shares during the period. Chevy Chase Trust Holdings LLC raised its holdings in Mitsubishi UFJ Financial Group by 4.2% in the 1st quarter. Chevy Chase Trust Holdings LLC now owns 6,197,764 shares of the company's stock valued at $84,476,000 after acquiring an additional 247,508 shares in the last quarter. Finally, Royal Bank of Canada raised its holdings in Mitsubishi UFJ Financial Group by 40.4% in the 4th quarter. Royal Bank of Canada now owns 6,021,271 shares of the company's stock valued at $70,570,000 after acquiring an additional 1,731,873 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.