Mitsubishi UFJ Financial Group Inc (MTU) Given Consensus Recommendation of “Buy” by Brokerages
Shares of Mitsubishi UFJ Financial Group Inc (NYSE:MTU) have received a consensus recommendation of “Buy” from the nine analysts that are covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, two have issued a hold recommendation, five have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $7.00.
A number of research analysts recently issued reports on the company. ValuEngine upgraded Mitsubishi UFJ Financial Group from a “buy” rating to a “strong-buy” rating in a report on Monday. Zacks Investment Research upgraded Mitsubishi UFJ Financial Group from a “hold” rating to a “buy” rating and set a $7.00 target price for the company in a report on Thursday, September 21st. Finally, BidaskClub lowered Mitsubishi UFJ Financial Group from a “sell” rating to a “strong sell” rating in a report on Saturday, August 12th.
Hedge funds and other institutional investors have recently made changes to their positions in the business. Campbell & CO Investment Adviser LLC purchased a new stake in Mitsubishi UFJ Financial Group during the 2nd quarter worth about $109,000. Proficio Capital Partners LLC increased its position in shares of Mitsubishi UFJ Financial Group by 50.4% during the first quarter. Proficio Capital Partners LLC now owns 16,204 shares of the bank’s stock worth $102,000 after purchasing an additional 5,429 shares in the last quarter. Paloma Partners Management Co acquired a new stake in shares of Mitsubishi UFJ Financial Group during the first quarter worth about $103,000. BlueCrest Capital Management Ltd acquired a new stake in shares of Mitsubishi UFJ Financial Group during the first quarter worth about $110,000. Finally, Ronald Blue & Co. LLC increased its position in shares of Mitsubishi UFJ Financial Group by 19.4% during the second quarter. Ronald Blue & Co. LLC now owns 18,127 shares of the bank’s stock worth $122,000 after purchasing an additional 2,948 shares in the last quarter. 1.08% of the stock is owned by institutional investors.
Shares of Mitsubishi UFJ Financial Group (MTU) traded down 0.46% during midday trading on Wednesday, hitting $6.48. The company had a trading volume of 882,878 shares. The company has a 50-day moving average of $6.28 and a 200 day moving average of $6.35. Mitsubishi UFJ Financial Group has a 12 month low of $4.86 and a 12 month high of $7.01. The firm has a market capitalization of $86.10 billion, a PE ratio of 31.61 and a beta of 1.63.
Mitsubishi UFJ Financial Group (NYSE:MTU) last released its earnings results on Tuesday, August 1st. The bank reported $0.20 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.15 by $0.05. The firm had revenue of $13.57 billion during the quarter. Mitsubishi UFJ Financial Group had a return on equity of 6.59% and a net margin of 16.99%. On average, analysts expect that Mitsubishi UFJ Financial Group will post $0.55 EPS for the current fiscal year.
About Mitsubishi UFJ Financial Group
Mitsubishi UFJ Financial Group, Inc (MUFJ) is a bank holding company. The Company’s segments include Integrated Retail Banking Business Group, Integrated Corporate Banking Business Group, Integrated Trust Assets Business Group, Integrated Global Business Group and Krungsri. The Company’s services include commercial banking, trust banking, securities, credit cards, consumer finance, asset management, leasing and various fields of financial services.
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