Mitsubishi UFJ Financial Group (NYSE:MUFG) Stock Rating Lowered by StockNews.com

StockNews.com cut shares of Mitsubishi UFJ Financial Group (NYSE:MUFG) from a hold rating to a sell rating in a research note released on Thursday morning.

Mitsubishi UFJ Financial Group Price Performance

MUFG stock 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 company’s 50-day moving average is $12.73 and its 200-day moving average is $12.15. The stock has a market capitalization of $148.31 billion, a PE ratio of 11.28, a price-to-earnings-growth ratio of 1.16 and a beta of 0.39. Mitsubishi UFJ Financial Group has a 1 year low of $8.75 and a 1 year high of $15.03.

Mitsubishi UFJ Financial Group (NYSE:MUFG) last announced its quarterly earnings data on Tuesday, February 4th. The company reported $0.28 EPS for the quarter, beating analysts’ consensus estimates of $0.19 by $0.09. Mitsubishi UFJ Financial Group had a return on equity of 9.27% and a net margin of 14.19%. Equities research analysts expect that Mitsubishi UFJ Financial Group will post 0.99 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the business. Northern Trust Corp lifted its position in Mitsubishi UFJ Financial Group by 46.6% in the 4th quarter. Northern Trust Corp now owns 10,522,079 shares of the company’s stock valued at $123,319,000 after acquiring an additional 3,342,330 shares in the last quarter. Natixis Advisors LLC raised its stake in shares of Mitsubishi UFJ Financial Group by 5.4% in the fourth quarter. Natixis Advisors LLC now owns 9,850,891 shares of the company’s stock worth $115,452,000 after purchasing an additional 507,578 shares during the last quarter. Chevy Chase Trust Holdings LLC lifted its holdings in shares of Mitsubishi UFJ Financial Group by 4.2% in the first quarter. Chevy Chase Trust Holdings LLC now owns 6,197,764 shares of the company’s stock valued at $84,476,000 after purchasing an additional 247,508 shares in the last quarter. Royal Bank of Canada boosted its position in shares of Mitsubishi UFJ Financial Group by 40.4% during the fourth quarter. Royal Bank of Canada now owns 6,021,271 shares of the company’s stock valued at $70,570,000 after buying an additional 1,731,873 shares during the last quarter. Finally, Envestnet Asset Management Inc. grew its holdings in Mitsubishi UFJ Financial Group by 0.3% during the first quarter. Envestnet Asset Management Inc. now owns 4,820,099 shares of the company’s stock worth $65,698,000 after buying an additional 13,167 shares in the last quarter. 13.59% of the stock is currently owned by institutional investors and hedge funds.

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.