Mitsubishi UFJ Financial Group Sees Unusually Large Options Volume (NYSE:MUFG)

Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG) was the recipient of some unusual options trading activity on Monday. Traders purchased 2,223 put options on the stock. This is an increase of 920% compared to the typical daily volume of 218 put options.

Mitsubishi UFJ Financial Group Price Performance

NYSE MUFG opened at $16.39 on Tuesday. The company has a 50 day simple moving average of $15.38 and a 200-day simple moving average of $14.85. The firm has a market capitalization of $194.45 billion, a price-to-earnings ratio of 14.63, a price-to-earnings-growth ratio of 1.17 and a beta of 0.34. Mitsubishi UFJ Financial Group has a 52-week low of $10.46 and a 52-week high of $16.56. The company has a debt-to-equity ratio of 1.39, a current ratio of 0.85 and a quick ratio of 0.89.

Mitsubishi UFJ Financial Group (NYSE:MUFG) last announced its quarterly earnings results on Friday, November 14th. The company reported $0.44 EPS for the quarter, topping the consensus estimate of $0.34 by $0.10. Mitsubishi UFJ Financial Group had a net margin of 13.98% and a return on equity of 9.39%. The company had revenue of $23.61 billion for the quarter, compared to analyst estimates of $9.19 billion. Equities research analysts predict that Mitsubishi UFJ Financial Group will post 0.99 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on MUFG shares. Zacks Research cut shares of Mitsubishi UFJ Financial Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 1st. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Mitsubishi UFJ Financial Group in a report on Wednesday, October 8th. Two research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock currently has an average rating of “Hold”.

Hedge Funds Weigh In On Mitsubishi UFJ Financial Group

Large investors have recently made changes to their positions in the business. Fisher Asset Management LLC boosted its holdings in Mitsubishi UFJ Financial Group by 2.2% in the 3rd quarter. Fisher Asset Management LLC now owns 91,486,499 shares of the company’s stock valued at $1,458,295,000 after purchasing an additional 1,973,325 shares during the period. Natixis Advisors LLC boosted its stake in Mitsubishi UFJ Financial Group by 14.9% in the 3rd quarter. Natixis Advisors LLC now owns 13,240,940 shares of the company’s stock valued at $211,061,000 after buying an additional 1,718,759 shares in the last quarter. Goldman Sachs Group Inc. grew its holdings in shares of Mitsubishi UFJ Financial Group by 2.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 12,652,332 shares of the company’s stock worth $172,451,000 after purchasing an additional 288,583 shares during the last quarter. Northern Trust Corp increased its holdings in shares of Mitsubishi UFJ Financial Group by 8.4% during the first quarter. Northern Trust Corp now owns 11,407,268 shares of the company’s stock worth $155,481,000 after buying an additional 885,189 shares in the last quarter. Finally, Chevy Chase Trust Holdings LLC increased its holdings in Mitsubishi UFJ Financial Group by 1.0% during the 3rd quarter. Chevy Chase Trust Holdings LLC now owns 6,222,247 shares of the company’s stock valued at $99,183,000 after purchasing an additional 59,242 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.