Weiss Ratings Reaffirms Hold (C) Rating for Mitsubishi UFJ Financial Group (NYSE:MUFG)

Key Points

• Weiss Ratings has reaffirmed a "hold (C)" rating for Mitsubishi UFJ Financial Group (NYSE:MUFG), while other brokerages have issued reports ranging from "strong-buy" to "hold."
• Mitsubishi UFJ Financial Group's stock dropped 0.3% to $15.32, which is alongside a market capitalization of $184.82 billion and a price-to-earnings ratio of 14.18.
• The company reported an EPS of $0.32 for its last quarter, exceeding estimates, and had a revenue of $22.1 billion, significantly surpassing analyst predictions.

Mitsubishi UFJ Financial Group (NYSE:MUFG - Get Free Report)'s stock had its "hold (c)" rating reaffirmed by research analysts at Weiss Ratings in a research report issued on Wednesday,Weiss Ratings reports.

Several other brokerages have also recently issued reports on MUFG. Zacks Research upgraded Mitsubishi UFJ Financial Group from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, August 26th. Wall Street Zen raised Mitsubishi UFJ Financial Group from a "sell" rating to a "hold" rating in a research note on Saturday, August 9th. One analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Buy".

Mitsubishi UFJ Financial Group Stock Down 0.3%

MUFG stock traded down $0.05 during midday trading on Wednesday, reaching $15.32. 242,853 shares of the company were exchanged, compared to its average volume of 5,413,221. The stock's 50-day simple moving average is $15.32 and its 200 day simple moving average is $13.92. The company has a market cap of $184.82 billion, a price-to-earnings ratio of 14.18, a price-to-earnings-growth ratio of 1.11 and a beta of 0.38. Mitsubishi UFJ Financial Group has a 1-year low of $10.15 and a 1-year high of $16.24. The company has a debt-to-equity ratio of 1.86, a quick ratio of 0.89 and a current ratio of 0.89.

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

Institutional Investors Weigh In On Mitsubishi UFJ Financial Group

Several hedge funds have recently modified their holdings of MUFG. Riversedge Advisors LLC increased its position in Mitsubishi UFJ Financial Group by 17.0% in the 3rd quarter. Riversedge Advisors LLC now owns 18,798 shares of the company's stock valued at $300,000 after buying an additional 2,725 shares in the last quarter. GAMMA Investing LLC boosted its holdings in shares of Mitsubishi UFJ Financial Group by 7.8% in the third quarter. GAMMA Investing LLC now owns 52,123 shares of the company's stock worth $831,000 after acquiring an additional 3,777 shares during the period. Corient Private Wealth LLC raised its position in shares of Mitsubishi UFJ Financial Group by 67.1% in the second quarter. Corient Private Wealth LLC now owns 198,338 shares of the company's stock worth $2,721,000 after buying an additional 79,613 shares in the last quarter. Valeo Financial Advisors LLC raised its position in Mitsubishi UFJ Financial Group by 6.2% during the second quarter. Valeo Financial Advisors LLC now owns 46,665 shares of the company's stock valued at $640,000 after purchasing an additional 2,709 shares in the last quarter. Finally, Osaic Holdings Inc. grew its stake in shares of Mitsubishi UFJ Financial Group by 111.6% during the second quarter. Osaic Holdings Inc. now owns 26,199 shares of the company's stock valued at $359,000 after buying an additional 13,817 shares during the last quarter. 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.

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