Investors Buy Large Volume of Mitsubishi UFJ Financial Group Put Options (NYSE:MUFG)

Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG) was the recipient of unusually large options trading activity on Monday. Traders bought 2,223 put options on the company. This represents an increase of 920% compared to the average volume of 218 put options.

Mitsubishi UFJ Financial Group Stock Performance

Shares of NYSE:MUFG opened at $15.77 on Wednesday. The firm has a 50 day moving average of $15.39 and a 200 day moving average of $14.87. The company has a quick ratio of 0.89, a current ratio of 0.85 and a debt-to-equity ratio of 1.39. The company has a market capitalization of $187.09 billion, a price-to-earnings ratio of 14.08, a price-to-earnings-growth ratio of 1.22 and a beta of 0.35. Mitsubishi UFJ Financial Group has a 52 week low of $10.46 and a 52 week high of $16.56.

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

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. Weiss Ratings reiterated a “hold (c)” rating on shares of Mitsubishi UFJ Financial Group in a report on Wednesday, October 8th. Zacks Research cut Mitsubishi UFJ Financial Group from a “strong-buy” rating to a “hold” rating in a report on Monday, December 1st. Two investment analysts have rated the stock with a Hold rating, According to MarketBeat.com, Mitsubishi UFJ Financial Group has a consensus rating of “Hold”.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the company. Atria Wealth Solutions Inc. boosted its holdings in Mitsubishi UFJ Financial Group by 12.4% during the first quarter. Atria Wealth Solutions Inc. now owns 15,588 shares of the company’s stock worth $212,000 after buying an additional 1,721 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Mitsubishi UFJ Financial Group by 23.3% in the first quarter. Charles Schwab Investment Management Inc. now owns 1,032,054 shares of the company’s stock worth $14,067,000 after acquiring an additional 195,227 shares during the period. HighTower Advisors LLC boosted its stake in shares of Mitsubishi UFJ Financial Group by 9.0% during the 1st quarter. HighTower Advisors LLC now owns 485,832 shares of the company’s stock worth $6,622,000 after acquiring an additional 40,258 shares in the last quarter. Russell Investments Group Ltd. grew its position in shares of Mitsubishi UFJ Financial Group by 45.2% during the 1st quarter. Russell Investments Group Ltd. now owns 107,211 shares of the company’s stock valued at $1,461,000 after acquiring an additional 33,367 shares during the period. Finally, Caitong International Asset Management Co. Ltd purchased a new position in shares of Mitsubishi UFJ Financial Group in the 1st quarter valued at about $32,000. Institutional investors own 13.59% of the company’s stock.

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.