Mitsubishi UFJ Financial Group (NYSE:MUFG) Trading Up 2.4% - Here's What Happened

Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG - Get Free Report) traded up 2.4% during trading on Friday . The stock traded as high as $14.02 and last traded at $14.05. 256,392 shares traded hands during trading, a decline of 96% from the average session volume of 6,988,975 shares. The stock had previously closed at $13.72.

Wall Street Analyst Weigh In

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

Mitsubishi UFJ Financial Group Price Performance

The company has a debt-to-equity ratio of 2.06, a quick ratio of 0.92 and a current ratio of 0.90. The firm has a market cap of $170.28 billion, a price-to-earnings ratio of 12.94, a price-to-earnings-growth ratio of 1.16 and a beta of 0.39. The stock's 50 day simple moving average is $12.65 and its 200-day simple moving average is $12.50.

Mitsubishi UFJ Financial Group (NYSE:MUFG - Get Free Report) last issued its quarterly earnings results on Thursday, May 15th. The company reported $0.13 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.03 by $0.10. Mitsubishi UFJ Financial Group had a net margin of 14.19% and a return on equity of 9.27%. The business had revenue of $22.91 billion for the quarter, compared to analyst estimates of $6.47 billion. Equities research analysts anticipate that Mitsubishi UFJ Financial Group, Inc. will post 0.99 EPS for the current fiscal year.

Institutional Trading of Mitsubishi UFJ Financial Group

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. grew its position in Mitsubishi UFJ Financial Group by 2.3% during the first quarter. Goldman Sachs Group Inc. now owns 12,652,332 shares of the company's stock valued at $172,451,000 after buying 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 valued at $155,481,000 after buying an additional 885,189 shares during the period. Natixis Advisors LLC grew its position 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 buying an additional 905,674 shares during the period. Chevy Chase Trust Holdings LLC grew its position in shares of Mitsubishi UFJ Financial Group by 4.2% in the first quarter. Chevy Chase Trust Holdings LLC now owns 6,197,764 shares of the company's stock valued at $84,476,000 after purchasing an additional 247,508 shares during the period. Finally, Royal Bank of Canada grew its position in shares of Mitsubishi UFJ Financial Group by 40.4% in the fourth quarter. Royal Bank of Canada now owns 6,021,271 shares of the company's stock valued at $70,570,000 after purchasing an additional 1,731,873 shares during the period. Institutional investors and hedge funds own 13.59% of the company's stock.

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.