Mitsubishi UFJ Financial Group (NYSE:MUFG) Rating Increased to Hold at Wall Street Zen

Mitsubishi UFJ Financial Group (NYSE:MUFG) was upgraded by analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research note issued on Saturday.

Mitsubishi UFJ Financial Group Trading Up 1.2%

Shares of NYSE:MUFG opened at $14.55 on Friday. The business’s 50-day moving average is $13.79 and its 200 day moving average is $13.15. Mitsubishi UFJ Financial Group has a 1 year low of $9.54 and a 1 year high of $15.03. The firm has a market capitalization of $175.59 billion, a P/E ratio of 13.47, a P/E/G ratio of 1.41 and a beta of 0.42. The company has a debt-to-equity ratio of 1.86, a current ratio of 0.89 and a quick ratio of 1.01.

Mitsubishi UFJ Financial Group (NYSE:MUFG) last issued its earnings results on Monday, August 4th. The company reported $0.32 EPS for the quarter, topping analysts’ consensus estimates of $0.29 by $0.03. The firm had revenue of $22.10 billion for the quarter, compared to the consensus estimate of $9.86 billion. Mitsubishi UFJ Financial Group had a return on equity of 9.35% and a net margin of 13.95%. On average, research analysts predict that Mitsubishi UFJ Financial Group will post 0.99 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Opal Wealth Advisors LLC purchased a new position in shares of Mitsubishi UFJ Financial Group during the second quarter worth $31,000. Caitong International Asset Management Co. Ltd purchased a new position in shares of Mitsubishi UFJ Financial Group during the first quarter worth $32,000. Ameritas Advisory Services LLC purchased a new position in shares of Mitsubishi UFJ Financial Group during the second quarter worth $36,000. Nisa Investment Advisors LLC purchased a new position in Mitsubishi UFJ Financial Group in the first quarter valued at $41,000. Finally, Financial Management Professionals Inc. boosted its holdings 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 valued at $44,000 after purchasing an additional 1,754 shares during the period. 13.59% of the stock is currently owned by hedge funds and other 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.