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

Mitsubishi UFJ Financial Group (NYSE:MUFG) was upgraded by stock analysts at StockNews.com from a “sell” rating to a “hold” rating in a note issued to investors on Friday.

Mitsubishi UFJ Financial Group Trading Up 2.5 %

NYSE:MUFG opened at $11.87 on Friday. The company has a fifty day moving average of $12.84 and a 200 day moving average of $12.00. Mitsubishi UFJ Financial Group has a 52 week low of $8.75 and a 52 week high of $15.03. The firm has a market capitalization of $143.18 billion, a P/E ratio of 10.89, a P/E/G ratio of 1.16 and a beta of 0.39. The company has a quick ratio of 0.92, a current ratio of 0.90 and a debt-to-equity ratio of 2.06.

Mitsubishi UFJ Financial Group (NYSE:MUFG) last announced its quarterly earnings results on Tuesday, February 4th. The company reported $0.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.19 by $0.09. Mitsubishi UFJ Financial Group had a return on equity of 9.27% and a net margin of 14.19%. On average, research analysts predict that Mitsubishi UFJ Financial Group will post 0.99 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in MUFG. Whipplewood Advisors LLC bought a new position in Mitsubishi UFJ Financial Group in the fourth quarter worth about $29,000. Financial Management Professionals Inc. grew its stake in Mitsubishi UFJ Financial Group by 116.7% in the first quarter. Financial Management Professionals Inc. now owns 3,257 shares of the company’s stock worth $44,000 after purchasing an additional 1,754 shares during the period. Steward Partners Investment Advisory LLC raised its holdings in Mitsubishi UFJ Financial Group by 33.9% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 5,056 shares of the company’s stock worth $59,000 after purchasing an additional 1,279 shares in the last quarter. Sierra Ocean LLC bought a new stake in shares of Mitsubishi UFJ Financial Group during the 4th quarter valued at $62,000. Finally, Wilmington Savings Fund Society FSB purchased a new stake in shares of Mitsubishi UFJ Financial Group in the 3rd quarter worth about $55,000. 13.59% of the stock is currently owned by institutional investors.

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.