Mitsubishi UFJ Financial Group (NYSE:MUFG) Upgraded by Wall Street Zen to Hold Rating

Wall Street Zen upgraded shares of Mitsubishi UFJ Financial Group (NYSE:MUFG) from a sell rating to a hold rating in a research note issued to investors on Saturday.

Mitsubishi UFJ Financial Group Stock Down 0.9%

MUFG opened at $13.60 on Friday. Mitsubishi UFJ Financial Group has a 12 month low of $8.75 and a 12 month high of $15.03. The business has a 50-day moving average of $12.85 and a two-hundred day moving average of $12.63. 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 stock has a market capitalization of $164.17 billion, a price-to-earnings ratio of 12.48, a price-to-earnings-growth ratio of 1.16 and a beta of 0.42.

Mitsubishi UFJ Financial Group (NYSE:MUFG) last released its earnings results on Thursday, May 15th. The company reported $0.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.03 by $0.10. The firm had revenue of $22.91 billion during the quarter, compared to the consensus estimate of $6.47 billion. Mitsubishi UFJ Financial Group had a net margin of 14.19% and a return on equity of 9.27%. On average, research analysts expect that Mitsubishi UFJ Financial Group will post 0.99 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in MUFG. Evergreen Capital Management LLC increased its stake in Mitsubishi UFJ Financial Group by 0.9% during the first quarter. Evergreen Capital Management LLC now owns 87,011 shares of the company’s stock worth $1,186,000 after acquiring an additional 796 shares during the last quarter. RNC Capital Management LLC lifted its stake in shares of Mitsubishi UFJ Financial Group by 1.9% in the 1st quarter. RNC Capital Management LLC now owns 43,350 shares of the company’s stock valued at $591,000 after purchasing an additional 810 shares in the last quarter. Commerce Bank grew its holdings in shares of Mitsubishi UFJ Financial Group by 5.3% during the 1st quarter. Commerce Bank now owns 17,478 shares of the company’s stock worth $238,000 after purchasing an additional 878 shares during the period. Alaethes Wealth LLC increased its position in Mitsubishi UFJ Financial Group by 0.4% during the 4th quarter. Alaethes Wealth LLC now owns 214,817 shares of the company’s stock worth $2,518,000 after purchasing an additional 951 shares in the last quarter. Finally, May Hill Capital LLC raised its holdings in Mitsubishi UFJ Financial Group by 9.3% in the first quarter. May Hill Capital LLC now owns 11,258 shares of the company’s stock valued at $153,000 after buying an additional 961 shares during the period. Institutional investors and hedge funds 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.