Mitsubishi UFJ Financial Group (NYSE:MUFG) Rating Lowered to “Sell” at StockNews.com

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

Mitsubishi UFJ Financial Group Stock Performance

Shares of NYSE:MUFG opened at $12.29 on Thursday. The company has a debt-to-equity ratio of 2.06, a current ratio of 0.90 and a quick ratio of 0.92. The firm has a market capitalization of $148.31 billion, a PE ratio of 11.28, a P/E/G ratio of 1.16 and a beta of 0.39. The business has a 50-day moving average of $12.73 and a two-hundred day moving average of $12.14. Mitsubishi UFJ Financial Group has a 12 month low of $8.75 and a 12 month high of $15.03.

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

Hedge Funds Weigh In On Mitsubishi UFJ Financial Group

Large investors have recently bought and sold shares of the stock. Eagle Bay Advisors LLC boosted its holdings in shares of Mitsubishi UFJ Financial Group by 9.3% in the fourth quarter. Eagle Bay Advisors LLC now owns 10,094 shares of the company’s stock valued at $118,000 after acquiring an additional 858 shares in the last quarter. Franklin Resources Inc. lifted its position in Mitsubishi UFJ Financial Group by 1.9% in the third quarter. Franklin Resources Inc. now owns 49,208 shares of the company’s stock worth $526,000 after purchasing an additional 938 shares during the period. Alaethes Wealth LLC boosted its stake in Mitsubishi UFJ Financial Group by 0.4% during the 4th quarter. Alaethes Wealth LLC now owns 214,817 shares of the company’s stock valued at $2,518,000 after purchasing an additional 951 shares in the last quarter. OLD National Bancorp IN increased its position in shares of Mitsubishi UFJ Financial Group by 5.1% during the 4th quarter. OLD National Bancorp IN now owns 19,841 shares of the company’s stock valued at $233,000 after purchasing an additional 955 shares during the period. Finally, May Hill Capital LLC raised its stake in shares of Mitsubishi UFJ Financial Group by 9.3% in the 1st quarter. May Hill Capital LLC now owns 11,258 shares of the company’s stock worth $153,000 after buying an additional 961 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.