Mitsubishi UFJ Financial Group (NYSE:MUFG) Cut to Hold at StockNews.com

StockNews.com cut shares of Mitsubishi UFJ Financial Group (NYSE:MUFGGet Rating) from a buy rating to a hold rating in a research report released on Thursday.

Several other research analysts have also issued reports on MUFG. The Goldman Sachs Group started coverage on Mitsubishi UFJ Financial Group in a research report on Wednesday. Bank of America raised Mitsubishi UFJ Financial Group from a neutral rating to a buy rating in a research report on Wednesday, January 26th.

Shares of NYSE MUFG opened at $5.86 on Thursday. The stock has a market capitalization of $74.55 billion, a P/E ratio of 6.74, a price-to-earnings-growth ratio of 0.63 and a beta of 0.72. Mitsubishi UFJ Financial Group has a 1-year low of $5.15 and a 1-year high of $6.78. The business has a fifty day moving average price of $6.15 and a 200 day moving average price of $5.93.

Mitsubishi UFJ Financial Group (NYSE:MUFGGet Rating) last issued its quarterly earnings data on Wednesday, February 2nd. The company reported $0.21 earnings per share for the quarter. The firm had revenue of $12.36 billion during the quarter. Mitsubishi UFJ Financial Group had a return on equity of 6.36% and a net margin of 20.96%. Analysts predict that Mitsubishi UFJ Financial Group will post 0.73 EPS for the current year.

Hedge funds have recently made changes to their positions in the company. Edmond DE Rothschild Holding S.A. acquired a new position in shares of Mitsubishi UFJ Financial Group in the third quarter valued at about $27,000. UMB Bank N A MO acquired a new stake in Mitsubishi UFJ Financial Group during the fourth quarter worth about $29,000. Manchester Capital Management LLC acquired a new stake in Mitsubishi UFJ Financial Group during the third quarter worth about $57,000. Cambridge Investment Research Advisors Inc. acquired a new stake in Mitsubishi UFJ Financial Group during the fourth quarter worth about $67,000. Finally, GSA Capital Partners LLP acquired a new stake in Mitsubishi UFJ Financial Group during the third quarter worth about $68,000. 12.94% of the stock is currently owned by institutional investors and hedge funds.

About Mitsubishi UFJ Financial Group (Get Rating)

Mitsubishi UFJ Financial Group, Inc, a bank holding company, provides financial services in Japan, the United States, and Asia/Oceania. The company's Retail & Commercial Banking Business Group segment offers commercial banking, trust banking, and securities products and services to retail, and small and medium-sized enterprise customers.

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